ELLINGTON FINANCIAL INC (EFC)
Financials · Mortgage Real Estate Investment Trust (mREIT) · NYSE
Specialty finance company generating returns from a diversified portfolio of mortgage-backed securities, residential/commercial loans, and reverse mortgage investments, funded with leverage through capital markets.
What ELLINGTON FINANCIAL INC does
Ellington Financial is a specialty finance company that invests in mortgage-backed securities, residential and commercial mortgage loans, mortgage servicing rights, credit risk transfer securities, and corporate loans through CLOs. The company generates returns through net interest income, realized and unrealized gains on its investments, and a significant portion of earnings from HECM (Home Equity Conversion Mortgage) reverse mortgage loans and associated HMBS obligations. It uses leverage through repurchase agreements and other secured borrowings to enhance returns on its diversified mortgage and credit portfolio.
Themes: Mortgage investments / residential mortgage credit, RMBS / mortgage-backed securities, Reverse mortgages / HECM, Mortgage servicing rights, Credit risk transfer / CRT securities, CLO / corporate loan credit, Net interest income / spread lending, Leverage / capital markets financing
Fundamentals
- Price$13.63 as of 2026-08-21 close
- Market cap$1.8B as of 2026-08-21
- 1-year return-0.4% 2025-08-21 close $13.69 → 2026-08-21 close $13.63
- P/E7.94 as of 2026-08-24
- Net margin+38.1% as of 2026-08-24
- Gross margin+29.0% as of 2026-08-24
- ROE+11.9% as of 2026-08-24
- Debt / equity9.40 as of 2026-08-24
- Revenue growth (YoY)+31.0% as of 2026-08-24
- Beta0.97 as of 2026-08-24
- Last reported earnings2026-08-07 SEC EDGAR Form 8-K (Item 2.02)
Dividend: yield +13.8%; 1-year non-decreasing per-share dividend streak (SEC XBRL).
How EFC compares in its sector
- price-to-earnings ratiobottom 25% 525 covered Financials peers, as of 2026-08-24
- net profit margintop 10% 538 covered Financials peers, as of 2026-08-24
- operating marginbottom 10% 534 covered Financials peers, as of 2026-08-24
- gross marginbottom 25% 176 covered Financials peers, as of 2026-08-24
- return on equitymiddle range 575 covered Financials peers, as of 2026-08-24
- indicated dividend yieldtop 10% 453 covered Financials peers, as of 2026-08-24
Position among covered Financials companies that report each metric (minimum 5 peers). A relative position within our covered catalog — not a valuation, quality, or investment judgment. A higher percentile is simply a higher value (for P/E, more expensive on earnings — never "better"). Informational only.
Dividend coverage (FY2025)
Exceeded at least one reported measure. In FY2025, EFC's dividend exceeded at least one reported measure of what it earned or generated (earnings payout 155%). A payout above 100% in one year is not necessarily unsustainable, but it is not fully covered by that measure.
- Earnings payout155% dividends / net income
- Free-cash-flow payoutnot assessable operating cash flow was not positive that year
Coverage derived from reported SEC EDGAR XBRL figures for FY2025 (dividends paid vs. net income and free cash flow, same fiscal year). This describes PAST coverage for one fiscal year — it does not predict whether a dividend will be maintained, raised, or cut, and a one-year payout ratio can be distorted by non-recurring items. Informational only — not financial advice.
How ELLINGTON FINANCIAL INC looks technically
ELLINGTON FINANCIAL INC (EFC) is trading 3.1% above its 200-day average, the long-term trend line — a longer-term uptrend. Its 50-day average crossed above its 200-day average about 45 trading days ago — a "golden cross", a bullish long-term signal. There is no clear trend right now — the price is choppy (ADX, a 0–100 trend-strength gauge, is 15, below the 25 that marks a real trend). Momentum is neutral — its 14-day RSI (a 0–100 momentum gauge) is 54, neither overbought (above 70) nor oversold (below 30). MACD, a trend-momentum gauge, turned bullish about 10 trading days ago (its momentum flipped positive). It made a new 20-day high about 3 trading days ago. It is 3.5% below its 52-week high (its highest price of the past year).
Trend
9
| Distance from the 200-day | it is trading 3.1% above its 200-day average, the long-term trend line — a longer-term uptrend | +3.1% |
|---|---|---|
| 50-day moving average | its average price over the last 50 trading days — a short-term trend line — is $13.51 | $13.51 |
| 200-day moving average | its average price over the last 200 trading days — the long-term trend line — is $13.22 | $13.22 |
| Swing structure | each recent peak has been higher than the one before it and each dip has been shallower — the pattern chart-watchers call an uptrend, which describes where price has already been and not where it goes next | higher highs and higher lows |
| Last swing turn | its last significant turn was a swing low 15 calendar days ago — the swings before that are what the structure reading is measured on | 15 sessions |
| Wave structure | its recent swings can be read as a five-part upward sequence — what Elliott-wave chartists call an impulse — now in leg 3 of five; the labelling fails if price closes below 13.125. It is one of several labellings that fit, and it describes the swings already printed, not what comes next. The same swings also read as a three-part correction in leg C. | possible upward five-wave sequence, in wave 3 (one of several readings) |
| Since the 50/200 cross | its 50-day average crossed above its 200-day average about 45 trading days ago — a "golden cross", a bullish long-term signal | 45 sessions |
| Above the 200-day after a dip | it recently dipped to its 200-day average (the long-term trend line) and has since climbed back above it — now about 3.1% above | +3.1% |
| Trend strength (14-day ADX) | there is no clear trend right now — the price is choppy (ADX, a 0–100 trend-strength gauge, is 15, below the 25 that marks a real trend) | 15.3 |
Momentum
3
| 14-day RSI | momentum is neutral — its 14-day RSI (a 0–100 momentum gauge) is 54, neither overbought (above 70) nor oversold (below 30) | 54.3 |
|---|---|---|
| Position in its 14-day range | it is trading in the upper half of its 14-day range ($13.13 to $13.82) — its "stochastic" reading is 73 out of 100, where 0 would mean closing exactly at the 14-session low and 100 exactly at the high. This measures WHERE the price sits inside its recent range, which is a different question from the RSI beside it: RSI is a momentum gauge, measuring how FAST the price has been moving, so a stock can drift quietly to the bottom of its range with an ordinary RSI, or fall sharply and still sit in the middle. It has been slipping within that range over the last few sessions. | 72.7 |
| Since the MACD crossed zero | MACD, a trend-momentum gauge, turned bullish about 10 trading days ago (its momentum flipped positive) | 10 sessions |
Range
12
| 52-week high | its highest closing price over the past year (about 252 trading days) was $14.12 | $14.12 |
|---|---|---|
| From the 52-week high | it is 3.5% below its 52-week high (its highest price of the past year) | -3.5% |
| Above the 52-week low | it is 20.9% above its 52-week low (its lowest price of the past year) | +20.9% |
| Below the 52-week high | it is 3.5% below its highest point of the past year | 3.5% |
| Since a 20-day breakout | it made a new 20-day high about 3 trading days ago | 3 sessions |
| Since a 55-day breakout | it made a new 55-day low about 12 trading days ago | 12 sessions |
| All-time high | its highest closing price on record is $26.99 (set on 2013-02-25) | $26.99 |
| Given back of the 52-week move | over the past year its closes ranged ($11.30 to $14.02), and it has recovered almost all of its fall from last year’s high — 86% of it. Chart-watchers call 61.8%-65% given back the "golden pocket" — for this company that is $12.98 to $13.07. It is watched widely enough that orders cluster there, which is the honest reason it matters; it is not a forecast. | 85.7% |
| From the all-time high | it is 49.5% below its all-time high | -49.5% |
| Nearest price level | it is trading 1.1% below a resistance level at $13.77 — a price it turned at 8 times since 2025-09-08, most recently on 2026-07-29. Since 2024-08-21 it has 6 such levels below the current price and 2 above. Levels like these describe where the price has reversed or paused before; they are not a forecast of where it will go. | +1.1% |
| All-time low | its lowest closing price on record is $3.24 (set on 2020-03-18) | $3.24 |
| Above the all-time low | it is 320.6% above its all-time low | +320.6% |
Volatility
5
| Band width vs its own 6 months | day-to-day price swings are about average versus its own recent 6-month history | 42nd percentile |
|---|---|---|
| Typical daily range | in a typical session it travels about $0.1917 between its high and its low — about 1.4% of its price. That is its "average true range" over the last 14 sessions, which also counts the distance from the previous close, so a day that opens well away from yesterday counts as the large move it was | $0.1917 |
| Bollinger bands (20-day, ±2σ) | most of its recent trading has stayed between about $13.17 and $13.82 — the "Bollinger bands", a range drawn two standard deviations either side of its 20-day average price, which widens when the stock gets more volatile and narrows when it settles | $13.17 – $13.50 – $13.82 |
| Typical daily range (% of price) | its price moves about 1.4% in a typical session — among the calmest in the catalog. This is the average gap between a session's high and low over the last 14 sessions, counting overnight moves, expressed against the current price so it can be compared with companies trading at any price | 1.4% |
| Stretch from the 200-day average | it is trading 2.2 daily ranges above its 200-day average price (3.1% above it in plain percentage terms) — a way of asking how far it has stretched from its own average in units of how far it normally moves in a day, so a calm company and a jumpy one can be compared on the same scale | 2.2 daily ranges above its 200-day average |
Volume
1
| Volume vs its 30-day average | trading volume is about normal versus its 30-day average | 0.73× |
|---|
Analyst
2
| Change in the average price target | analysts' average price target is unchanged from the prior reading | 0.0% |
|---|---|---|
| Change in the consensus rating | the analyst consensus rating is unchanged since the prior reading | unchanged |
Candlestick patterns
2
| Since a doji | 5 sessions ago it opened and closed at almost the same price after trading through a wider range — a "doji", the classic picture of buyers and sellers finishing the session level | 5 sessions ago |
|---|---|---|
| Since a bullish engulfing | 8 sessions ago it opened below the previous session's close and finished above that session's open — a "bullish engulfing" pair, where one up day more than undid the down day before it | 8 sessions ago |
Price gaps
3
| Gap at the open | it opened on 2026-08-21 0.5% above the previous session's close — an overnight gap, the part of the move that happened while the market was shut, and traded back through that level before the close | +0.5% |
|---|---|---|
| Open gap | it gapped 2.4% above the previous close 10 sessions ago and has not traded back through the level it left behind at 13.14 — an "unfilled gap", which describes a price range no trade has since crossed and is not a forecast that it will be crossed | +2.4% |
| Gap filled | a 2.3% gap up opened on 2026-06-11 has been "filled" 45 sessions ago — price traded back through the level the gap left behind, and it took 3 sessions to close | 45 sessions ago |
Price streaks
1
| Closing streak | it closed higher in its latest session, after a session that did not close higher — a single up day rather than a run | 1 session up |
|---|
Relative strength
4
| vs market, 1 month | over the past 1 month this stock lagged the market by 1.3 percentage points (the stock gained 1.0% while the market gained 2.3%) | -1.3% |
|---|---|---|
| vs market, 3 months | over the past 3 months this stock lagged the market by 2.7 percentage points (the stock gained 0.4% while the market gained 3.1%) | -2.6% |
| vs market, 6 months | over the past 6 months this stock lagged the market by 0.9 percentage points (the stock gained 10.2% while the market gained 11.1%) | -0.9% |
| vs market, 12 months | over the past 12 months this stock lagged the market by 20.9 percentage points (the stock lost 0.4% while the market gained 20.5%) | -20.9% |
Signal agreement
2
| Bullish technical signals | 5 of the 9 technical signals we can compute for it are currently in a bullish state: a "golden cross" — its 50-day average is above its 200-day, trading above its 200-day average, a fresh 20-day high, MACD momentum is positive, trading above the Ichimoku cloud — these describe past price behaviour, not a forecast | 5 of 9 |
|---|---|---|
| Bearish technical signals | 1 of the 9 technical signals we can compute for it is currently in a bearish state: lagging the market over 6 months — these describe past price behaviour, not a forecast | 1 of 9 |
Trend (Ichimoku cloud)
1
| Vs the Ichimoku cloud | trading 0.4% above the Ichimoku cloud — a band drawn from where its own highs and lows sat up to 2026-07-16 and projected forward over today's price, the side traders read as an established uptrend, with the band below acting as the level that would have to give way. The band itself is thin, spanning 1.2% of the share price, which is taken to mean a barrier that gives way easily. | +0.4% |
|---|
Volume-weighted price
2
| Vs this year’s average price paid | the price is 5% above the average price paid so far this year, so the typical buyer over that stretch is showing a gain. That average is $13.03 — a volume-weighted average of daily closes over 157 sessions, not a true tick-by-tick VWAP. | +4.6% |
|---|---|---|
| Vs the average paid since it last reported | the price is sitting right on the average price paid since it last reported on 2026-08-07 (its 8-K), so the typical buyer over that stretch is roughly break-even. That average is $13.61 — a volume-weighted average of daily closes over 11 sessions, not a true tick-by-tick VWAP. | +0.1% |
Price levels it has turned at before
EFC last closed at $13.63 on 2026-08-21. Since 2024-08-21 it has turned at 6 prices below its last close and 2 above; the 3 nearest below and the 2 nearest above are listed, nearest first.
| Level | Side | Distance | Evidence |
|---|---|---|---|
| $13.77 | Resistance | 1.1% above the last close | turned there 8 times · 2025-09-08 to 2026-07-29 |
| $13.39 | Support | 1.7% below the last close | turned there six times · 2024-09-17 to 2026-07-08 |
| $14.05 | Resistance | 3.1% above the last close | turned there five times · 2025-08-22 to 2026-01-22 |
| $13.16 | Support | 3.4% below the last close | turned there 15 times · 2024-10-21 to 2026-08-06 |
| $12.66 | Support | 7.2% below the last close | turned there 9 times · 2024-11-08 to 2026-02-26 |
A level is a price this company reversed or paused at more than once — they describe past behaviour, not a forecast of where the price will go.
Wave structure
Its recent swings can be read as a five-part upward sequence — what Elliott-wave chartists call an impulse — now in leg 3 of five.
This labelling fails — stops being a possible reading at all — if it closes below $13.13.
This is one of several labellings that fit the same swings, so treat it as a reading rather than the reading. It was chosen from 2 labellings that survived the rules, counting shorter readings of the same bars.
On past moves of this shape the leg has usually ended somewhere between $15.68 and $17.26 — that is where it has tended to end if the count holds, not a forecast of where the price goes.
Alternate reading: The same swings also read as a three-part correction in leg C, which fails on a close below $13.13.
This labelling was already in place when we began recording count changes on 2026-08-13, so how long it has stood is not something we can say yet.
Read from daily closes as of 2026-08-21.
An Elliott-wave count describes the swings already printed and the level that would disprove it. It is not a forecast, a target, or advice.
Screens: Trading above the 200-day moving average · Tested and reclaimed 200-day support · Broke out to a new 20-day high · trendless / choppy (low ADX) · Least volatile (2% or less typical daily range) · Trading above the Ichimoku cloud | Learn: moving average · golden cross · adx · rsi · macd · breakout · fifty two week high low
Based on daily closing prices as of 2026-08-21. Describes past price behavior only — informational, not financial advice.
Analyst consensus
- Consensus ratingBuy (2.00 mean, 1=Strong Buy…5=Strong Sell) — 7 analysts
- Mean price target$14.79 range $14.00 – $16.00; median $15.00
Analyst estimates, as of 2026-08-19. These are third-party analyst opinions and price targets, aggregated — not a recommendation, prediction, or advice from stocks-llm. Informational only.
Analyst EPS estimate for EFC
- Consensus EPS estimate$0.4633 next reporting period, as of 2026-08-19
Change over time is not available yet: it needs two readings of the same reporting period at least 30 days apart, and we have been recording these estimates since 2026-08-04. An estimate for a DIFFERENT quarter is not a revision, so a reading from before the last report is never compared with one after it.
The consensus estimate for the next reporting period, and how it has moved between readings of that SAME period. A change is measured only between readings estimating one period — when a company reports, the consensus moves to the next quarter and the two numbers are not comparable. Informational only, not a forecast and not advice.
Key risks (from latest filing)
["Credit risk on residential and commercial mortgage loans, MBS, CRTs, and CLOs; borrower delinquencies and defaults could increase losses, especially on non-Agency RMBS and second-lien loans with weaker underwriting standards.","Interest rate risk and asset-liability duration mismatch; rising rates increase borrowing costs and may compress margins, while falling rates accelerate prepayments reducing expected cash flows from RMBS and MSRs.","Leverage and financing risk; dependence on repo markets and collateral-based lending means disruptions in capital markets, margin calls, or changes in financing terms could force asset sales at unfavorable times or reduce investment capacity."]
What changed in the latest 10-Q
AI-assisted comparison of EFC's 10-Q filed 2026-05-11 against the prior one filed 2025-11-10.
Management's Discussion & Analysis (MD&A)
- Added:
- Newer filing (2026-05-11) specifies ownership interest as of March 31, 2026 at approximately 98.9%, with remaining 1.1% non-controlling interest
- Newer filing (2026-05-11) states Ellington has a 31-year history of investing in the Agency and credit markets
- Removed:
- Older filing (2025-11-10) contained reference to December 14, 2023 Arlington Merger completion between Arlington Asset Investment Corp. and EF Merger Sub Inc.
- Older filing (2025-11-10) referenced 'this Annual Report on Form 10-K' in forward-looking statements risk factors section
- Older filing (2025-11-10) states Ellington has a 30-year history of investing in the Agency and credit markets
- Older filing (2025-11-10) specifies ownership interest as of September 30, 2025 at approximately 99.1%, with remaining 0.9% non-controlling interest
- Reworded:
- Executive Summary objective changed from 'attractive, risk-adjusted total returns' (2025-11-10) to 'attractive risk-adjusted total returns' (2026-05-11) — removal of comma
- Notes:
- Both filings appear truncated at similar points in the Longbridge Segment description; comparison limited to available text
- Ownership percentage changes and date changes reflect normal progression between quarterly periods rather than policy changes
Risk Factors
The two filings could not be meaningfully compared for this section.
AI-assisted comparison of two SEC filing sections. It describes wording and theme changes only, makes no materiality, legal, or investment judgement, and is not financial advice. Informational only — not financial advice.
Insider activity (SEC Form 4)
No open-market insider purchases or sales recorded in the last 90 days.
Most recent open-market transaction: 2025-09-11. As of 2026-08-24.
View full insider trading history → View SEC Form 3/4/5 filingsAsk about EFC's insider activity →
Only open-market purchases (SEC code P) and sales (code S) are counted here. Option exercises, vesting/awards, gifts, and shares withheld for taxes are excluded — they are compensation or mechanical, not open-market conviction. Sales may be planned and non-discretionary (e.g. a Rule 10b5-1 plan) and are not necessarily bearish; open-market buying is not a recommendation to buy. Informational only — not financial advice.
Congressional trading disclosures
U.S. House members publicly disclose their own, their spouse's, and dependent children's stock transactions under the STOCK Act. We hold 3 matched disclosures for EFC from U.S. House Clerk Periodic Transaction Report filings.
Congressional trading disclosures →Short interest (FINRA)
EFC had 6,826,705 shares of reported short interest as of the 2026-07-31 FINRA settlement date (delayed, bi-monthly; not real-time).
EFC had 5.30% of its shares outstanding sold short as of the 2026-07-31 FINRA settlement date (percent of FLOAT would be higher — float is not disclosed in the source). FINRA reported 6.2 days to cover at the same settlement.
- Reported short interest (shares) 6,826,705
- Short interest (% of shares outstanding) 5.30%
- Prior settlement (shares) 6,257,181
- Reported change 9.1%
- Days to cover (reported) 6.2
Reported to FINRA as of the 2026-07-31 settlement date. Short interest is reported to FINRA and published on a delayed, bi-monthly schedule (as of a settlement date, disseminated roughly eight business days later) — it is NOT real-time, does not cover every venue or all US trading, and is not a short-squeeze prediction or investment advice. Days-to-cover is the value FINRA reports; percent of float is not shown because the source file carries no share-count denominator — where a percent appears it is of shares OUTSTANDING, the larger base, and is therefore a floor on percent of float. Informational only — not financial advice.
Competitors & peers
- New York Mortgage Trust (NYMT)
- ARMOUR Residential REIT (ARR)
- Apollo Commercial Real Estate Finance (ARI)
- Ready Capital Corporation (RC)
- Two Harbors Investment Corp (TWO)
- New Residential Investment Corp (NRZ)
AI-enriched competitor set. Linked names are companies covered by stocks-llm; other named peers are shown for reference only.
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Frequently asked questions
What does ELLINGTON FINANCIAL INC (EFC) do?
Ellington Financial is a specialty finance company that invests in mortgage-backed securities, residential and commercial mortgage loans, mortgage servicing rights, credit risk transfer securities, and corporate loans through CLOs. The company generates returns through net interest income, realized and unrealized gains on its investments, and a significant portion of earnings from HECM (Home Equity Conversion Mortgage) reverse mortgage loans and associated HMBS obligations.
What sector is ELLINGTON FINANCIAL INC (EFC) in?
ELLINGTON FINANCIAL INC (EFC) is classified in the Financials sector. Its industry is Mortgage Real Estate Investment Trust (mREIT). It trades on NYSE.
Does EFC pay a dividend?
Yes — ELLINGTON FINANCIAL INC (EFC) pays a dividend, with an indicated yield of about 13.76% and 1-year non-decreasing per-share dividend streak (SEC EDGAR XBRL) (market data, as of 2026-08-24). Informational only — not financial advice.
Who are ELLINGTON FINANCIAL INC's (EFC) competitors?
Notable peers of ELLINGTON FINANCIAL INC (EFC) include New York Mortgage Trust, ARMOUR Residential REIT, Apollo Commercial Real Estate Finance, Ready Capital Corporation and Two Harbors Investment Corp. This peer set is informational only — not financial advice.
Has there been recent Congressional stock trading in EFC?
Yes — we hold 3 matched STOCK Act disclosures for EFC from U.S. House Clerk Periodic Transaction Report filings. These are legally-required disclosures (often filed 30–45 days after the trade), may belong to a U.S. House member, their spouse, or a dependent child, and are not an indicator of company performance or investment advice.
Is ELLINGTON FINANCIAL INC (EFC) overbought or oversold right now?
ELLINGTON FINANCIAL INC (EFC) is currently neither overbought nor oversold — its 14-day RSI (a 0–100 momentum gauge) is 54, in the neutral middle (as of 2026-08-21). RSI describes recent price momentum, not a forecast — informational only, not financial advice.
Where does stocks-llm's data on EFC come from?
Fundamentals and prices come from market data, as of 2026-08-24; company filings and profile facts come from SEC EDGAR. All figures are delayed daily-close data shown with their as-of date — informational only, not financial advice.
Fundamentals: market data, as of 2026-08-24. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-08-21.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & market data, shown with their as-of date.