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04:06pELLINGTON FINANCIAL INC. : Submission of Matters to a Vote of Security Holders (form 8-K)
05/10ELLINGTON FINANCIAL INC. Management's Discussion and Analysis of Financial Condition and Results of Operations (form 10-Q)
05/06TRANSCRIPT : Ellington Financial Inc., Q1 2022 Earnings Call, May 06, 2022
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Sheridan Capital and Ellington Financial Announce Strategic Partnership

01/10/2022 | 04:18pm EDT

Sheridan Capital, LLC and Ellington Financial Inc. (NYSE: EFC) today jointly announced a strategic partnership whereby EFC made an equity investment in Sheridan Capital, an industry leader in originating commercial real estate bridge loans.

“We believe that cementing our partnership with EFC will allow us to continue to provide unique and creative loan products to the market,” said Aaron Kurlansky, Principal of Sheridan Capital. “In a competitive sector, we differentiate ourselves by streamlining the loan process and providing dependable products for virtually all asset classes and loan sizes.”

Laurence Penn, Chief Executive Officer and President of Ellington Financial, added, “We have been investing with the principals of Sheridan Capital for more than a decade. Over that wide range of market environments, Sheridan has continued to provide us with a steady stream of attractive commercial real estate debt investments, all while scaling its business. Meanwhile, Sheridan has built an outstanding reputation as offering efficient and flexible financing solutions to commercial real estate owners. With this strategic partnership, I look forward to continuing to grow the business together.”

About Sheridan Capital

Sheridan Capital, LLC is an industry leader in originating commercial real estate bridge loans. With over 50 years of combined experience, the Sheridan Capital team has a proven track record. In 2021, Sheridan and its affiliates originated more than $575 million of senior commercial mortgage loans, which ranged in size from $5 million to $50 million. Sheridan differentiates itself from other lenders by offering a streamlined and reliable approach to loan closings.

About Ellington Financial Inc.

Ellington Financial invests in a diverse array of financial assets, including residential and commercial mortgage loans, residential and commercial mortgage-backed securities, consumer loans and asset-backed securities backed by consumer loans, collateralized loan obligations, non-mortgage and mortgage-related derivatives, equity investments in loan origination companies, and other strategic investments. Ellington Financial is externally managed and advised by Ellington Financial Management LLC, an affiliate of Ellington Management Group, L.L.C. As of November 30, 2021, Ellington Management Group, L.L.C., managed approximately $13 billion of assets across a variety of fixed-income strategies.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve numerous risks and uncertainties. Actual results may differ from EFC's beliefs, expectations, estimates, and projections and, consequently, you should not rely on these forward-looking statements as predictions of future events. Forward-looking statements are not historical in nature and can be identified by words such as "believe," "expect," "anticipate," "estimate," "project," "plan," "continue," "intend," "should," "would," "could," "goal," "objective," "will," "may," "seek," or similar expressions or their negative forms, or by references to strategy, plans, or intentions. Examples of forward-looking statements in this press release include, without limitation, statements regarding EFC’s strategic investment in Sheridan. EFC’s results can fluctuate from month to month and from quarter to quarter depending on a variety of factors, some of which are beyond EFC’s control and/or are difficult to predict, including, without limitation, changes in interest rates and the market value of the EFC’s investments, changes in mortgage default rates and prepayment rates, EFC’s ability to borrow to finance its assets, changes in government regulations affecting EFC's business, EFC’s ability to maintain its exclusion from registration under the Investment Company Act of 1940, EFC’s ability to maintain its qualification as a real estate investment trust, or "REIT," other changes in market conditions and economic trends, and changes resulting from the economic effects related to the COVID-19 pandemic and associated responses to the pandemic. Furthermore, forward-looking statements are subject to risks and uncertainties, including, among other things, those described under Item 1A of EFC’s Annual Report on Form 10-K, as amended, which can be accessed at the SEC's website (www.sec.gov). Other risks, uncertainties, and factors that could cause actual results to differ materially from those projected or implied may be described from time to time in reports that EFC files with the SEC, including reports on Forms 10-Q, 10-K and 8-K. EFC undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.

ę Business Wire 2022
04:06pELLINGTON FINANCIAL INC. : Submission of Matters to a Vote of Security Holders (form 8-K)
05/10ELLINGTON FINANCIAL INC. Management's Discussion and Analysis of Financial Condition a..
05/06TRANSCRIPT : Ellington Financial Inc., Q1 2022 Earnings Call, May 06, 2022
05/05Earnings Flash (EFC) ELLINGTON FINANCIAL Reports Q1 EPS $0.40, vs. Street Est of $0.44
05/05Ellington Financial Inc. Reports First Quarter 2022 Results
05/05Ellington Financial Inc. Reports Earnings Results for the First Quarter Ended March 31,..
05/02ELLINGTON FINANCIAL INC. : Other Events, Financial Statements and Exhibits (form 8-K)
05/02Ellington Financial Declares Monthly Common Dividend
05/02Ellington Financial Inc. Declares Monthly Dividend, Payable on June 27, 2022
04/28ELLINGTON FINANCIAL INC. : Ex-dividend day for
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Financials (USD)
Sales 2022 239 M - -
Net income 2022 88,0 M - -
Net Debt 2022 - - -
P/E ratio 2022 12,9x
Yield 2022 11,9%
Capitalization 907 M 907 M -
Capi. / Sales 2022 3,79x
Capi. / Sales 2023 3,51x
Nbr of Employees -
Free-Float 91,6%
Duration : Period :
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Income Statement Evolution
Mean consensus OUTPERFORM
Number of Analysts 8
Last Close Price 15,10 $
Average target price 18,34 $
Spread / Average Target 21,5%
EPS Revisions
Managers and Directors
Laurence Eric Penn President, Chief Executive Officer & Director
J. R. Herlihy Chief Financial Officer & Treasurer
Ronald I. Simon Chairman
Mark Ira Tecotzky Co-Chief Investment Officer
Michael William Vranos Director