EFC stock hits 52-week high at $13.49 amid robust growth

Ellington Financial LLC (NYSE:EFC) stock has reached a new 52-week high, trading at $13.49, signaling a period of strong performance for the company. According to InvestingPro data, the stock’s RSI suggests overbought conditions, while trading at an attractive P/E ratio of 10.1. This milestone reflects a significant uptrend in the company’s market valuation, with an impressive 1-year total return of 36.92%. The company maintains a notable 11.85% dividend yield and has consistently paid dividends for 16 consecutive years. Investors have shown increased confidence in Ellington Financial’s business model and growth prospects, contributing to the stock’s impressive climb. The achievement of this 52-week high marks a noteworthy event for shareholders and potential investors, as it encapsulates the company’s resilience and potential for sustained financial success. For a comprehensive analysis of EFC’s valuation and 8 additional key insights, check out the detailed research report available on InvestingPro.

In other recent news, Ellington Financial Inc. has declared a monthly dividend of $0.13 per share, scheduled for payment on March 25, 2025, to shareholders on record as of February 28, 2025. This announcement is part of the company’s commitment to providing returns to its investors. Additionally, Ellington Financial has completed a $243 million securitization backed by proprietary reverse mortgage loans. The securitization was originated by Longbridge Financial, a subsidiary of Ellington Financial, and received top ratings from Morningstar DBRS for its highest tranches. In accordance with credit risk retention regulations, Ellington Financial has retained certain portions of the securitization. These recent developments underscore Ellington Financial’s strategy of managing a diverse range of financial assets. The company continues to leverage Longbridge Financial’s expertise in originating and servicing reverse mortgage loans.

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