EFC Stock Summary and Trading Ideas (Ellington Financial Common | NYSE:EFC)

Ellington Financial Inc is a specialty finance company. Its primary investment objective is to generate attractive, risk-adjusted total returns for its shareholders by making investments. The company has two reportable segments; The Investment Portfolio Segment is focused on investing in a diverse array of financial assets, including residential and commercial mortgage loans, residential mortgage-backed securities, non-mortgage- and mortgage-related derivatives, debt and equity investments in loan origination companies, and other strategic investments, and The Longbridge Segment is focused on the origination and servicing of reverse mortgage loans. it acquires reverse mortgage loans both through its origination activities and through secondary market purchases.

Ellington Financial Common trades on the NYSE stock market under the symbol EFC.

As of April 23, 2024, EFC stock price climbed to $11.67 with 697,848 million shares trading.

EFC has a beta of 1.06, meaning it tends to be more sensitive to market movements. EFC has a correlation of 0.42 to the broad based SPY ETF.

EFC has a market cap of $953.50 million. This is considered a Small Cap stock.

Last quarter Ellington Financial Common reported $32 million in Revenue and $.27 earnings per share. This fell short of revenue expectation by $-11 million and missed earnings estimates by -$.13.

In the last 3 years, EFC stock traded as high as $19.60 and as low as $10.81.

The top ETF exchange traded funds that EFC belongs to (by Net Assets): IJR, VTI, IWM, KBWD, VXF.

EFC has underperformed the market in the last year with a return of +8.0%, while the SPY ETF gained +24.3%. In the last 3 month period, EFC fell short of the market, returning -6.3%, while SPY returned +4.6%. However, in the most recent 2 weeks EFC has outperformed the stock market by returning +0.7%, while SPY returned -2.6%.

EFC support price is $11.30 and resistance is $11.65 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that EFC stock will trade within this expected range on the day.