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EFC

Ellington Financial

$12.00 /

-0.175 (-1.44%)

17:08
08/06/20
08/06
17:08
08/06/20
17:08

Ellington Financial reports Q2 core EPS 39c, consensus 27c

"For the second quarter, Ellington Financial generated net income of $0.85 per share, Core Earnings of $0.39 per share, and a quarterly economic return of 5.7%," said Laurence Penn, Chief Executive Officer and President. "Thanks to our risk and liquidity management, we were able to avoid distressed sales during the market turmoil of March and early April, and so we were well positioned to benefit from the rebound in many credit-sensitive fixed income sectors that occurred in the second quarter. Our results for the quarter also reflect excellent performance in our non-QM business, where we completed our fifth securitization in June with strong investor demand, as well as an exceptional quarter for our Agency RMBS portfolio, and strong performance from our short-duration loan portfolios. We also made substantial progress extending and improving our sources of financing and leverage. In addition to completing our non-QM securitization, we also obtained term financing for numerous loan assets that we had previously held unfinanced, and we extended the terms of several of our credit facilities. Furthermore, by the end of the quarter, the market for standard repo financing of securities had largely returned to pre-March levels. With markets stabilizing during the second quarter, and seeing extremely attractive entry points across many sectors of our diversified portfolio, we resumed both our credit and Agency investment activity. With many specialty finance companies still hobbled, we are seeing compelling net interest margins on new loan originations, and are exploring some exciting potential strategic investments in loan originators. I was pleased that the Board increased our monthly dividend to $0.09, and with Core Earnings significantly exceeding our dividends this quarter, together with the high projected earnings power of our portfolio and our loan businesses, I see further upside to the dividend from here. With that said, caution is still warranted in the current environment, and we continue to maintain ample liquidity and keep leverage low. While the bouts of market volatility have created many investment opportunities, uncertainty remains high as to the length and severity of the economic downturn, as well as the ultimate path to recovery. This ongoing uncertainty underscores the importance of our risk management principles in protecting book value."

  • 07

    Aug

  • 19

    Nov

  • 22

    Jan

EFC Ellington Financial
$12.00 /

-0.175 (-1.44%)

07/13/20 BofA
Ellington Financial initiated with a Neutral at BofA
07/13/20 BofA
Ellington Financial initiated with a Neutral at BofA
04/09/20 Piper Sandler
Mortgage Finance volatility brings 'unique opportunity,' says Piper Sandler
09/27/19 Nomura Instinet
Ellington Financial initiated with a Buy at Nomura Instinet

TODAY'S FREE FLY STORIES

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General news
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Recommendations
Colliers says Bandwidth likely powers phone number feature in Microsoft offering » 09:29
09/23/20
09/23
09:29
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09:29
BAND

Bandwidth

$168.97 /

+5.67 (+3.47%)

, MSFT

Microsoft

$207.42 /

+4.75 (+2.34%)

After Microsoft (MSFT)…

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BAND Bandwidth
$168.97 /

+5.67 (+3.47%)

MSFT Microsoft
$207.42 /

+4.75 (+2.34%)

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$168.97 /

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07/31/20 KeyBanc
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BAND Bandwidth
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MSFT Microsoft
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MSFT Microsoft
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BAND Bandwidth
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MSFT Microsoft
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MSFT Microsoft
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MSFT Microsoft
$207.42 /

+4.75 (+2.34%)

Recommendations
KB Home price target raised to $44 from $40 at Truist » 09:29
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KBH

KB Home

$40.51 /

+1.61 (+4.14%)

Truist analyst Rohit Seth…

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KBH KB Home
$40.51 /

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08:31 Today KeyBanc
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KBH KB Home
$40.51 /

+1.61 (+4.14%)

KBH KB Home
$40.51 /

+1.61 (+4.14%)

KBH KB Home
$40.51 /

+1.61 (+4.14%)

Hot Stocks
Microsoft challenges Twilio with launch of Azure Communication Services » 09:26
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MSFT

Microsoft

$207.42 /

+4.75 (+2.34%)

, TWLO

Twilio

$237.00 /

-1.425 (-0.60%)

Microsoft (MSFT) is…

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MSFT Microsoft
$207.42 /

+4.75 (+2.34%)

TWLO Twilio
$237.00 /

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TWLO Twilio
$237.00 /

-1.425 (-0.60%)

08/05/20 Canaccord
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MSFT Microsoft
$207.42 /

+4.75 (+2.34%)

TWLO Twilio
$237.00 /

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  • 07
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MSFT Microsoft
$207.42 /

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$237.00 /

-1.425 (-0.60%)

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TWLO Twilio
$237.00 /

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MSFT Microsoft
$207.42 /

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TWLO Twilio
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+4.75 (+2.34%)

Hot Stocks
CleanSpark awarded U.S. Embassy contract » 09:26
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CLSK

CleanSpark

$13.28 /

-1.61 (-10.81%)

CleanSpark announced that…

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CLSK CleanSpark
$13.28 /

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CLSK CleanSpark
$13.28 /

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General news
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U.S. FHFA house price…

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Conference/Events
UBS leisure, gaming & lodging analyst to hold analyst/industry conference call » 09:25
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Leisure, Gaming &…

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Conference/Events
UBS materials analyst to hold an analyst/industry conference call » 09:25
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Materials Analyst Spector…

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Conference/Events
Morgan Stanley metals/mining analyst holds an analyst/industry conference call » 09:25
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09:25
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Metals & Mining…

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Conference/Events
UBS healthcare analysts to hold an analyst/industry conference call » 09:25
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Healthcare Analysts Mayo,…

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Conference/Events
UBS energy/utilities analysts hold analyst/industry conference call » 09:25
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Hot Stocks
Ashford Hospitality shareholder Cygnus Capital issues new letter » 09:24
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09:24
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AHT

Ashford Hospitality

$1.70 /

-0.155 (-8.36%)

Ashford Hospitality…

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AHT Ashford Hospitality
$1.70 /

-0.155 (-8.36%)

AHT Ashford Hospitality
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06/17/20
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$1.70 /

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Conference/Events
Deutsche Bank Internet analyst to hold analyst/industry conference call » 09:20
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09/23
09:20
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Internet Analyst…

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Downgrade
Yandex downgraded to Neutral from Buy at BofA » 09:18
09/23/20
09/23
09:18
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09:18
YNDX

Yandex

$66.04 /

+6.94 (+11.74%)

BofA analyst Cesar Tiron…

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YNDX Yandex
$66.04 /

+6.94 (+11.74%)

YNDX Yandex
$66.04 /

+6.94 (+11.74%)

09/22/20 Jefferies
Jefferies questions 'the means to an end' amid Tinkoff, Yandex merger talks
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YNDX Yandex
$66.04 /

+6.94 (+11.74%)

  • 25
    Jun
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$66.04 /

+6.94 (+11.74%)

Options
Overnight activity included 566 trades in SPX and 16 trades in VIX » 09:18
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09:18
SPX

S&P 500

$0.00 /

+ (+0.00%)

, VIX

Volatility Index S&P 500 Options

$0.00 /

+ (+0.00%)

566 trades were executed…

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SPX S&P 500
$0.00 /

+ (+0.00%)

SPX S&P 500
$0.00 /

+ (+0.00%)

09/01/20
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VIX Volatility Index S&P 500 Options
$0.00 /

+ (+0.00%)

SPX S&P 500
$0.00 /

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SPX S&P 500
$0.00 /

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VIX Volatility Index S&P 500 Options
$0.00 /

+ (+0.00%)

SPX S&P 500
$0.00 /

+ (+0.00%)

Hot Stocks
IMAC partners with Safe Balance for fall risk assessment services » 09:17
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IMAC

IMAC

$0.77 /

-0.0079 (-1.02%)

IMAC Holdings announced a…

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IMAC IMAC
$0.77 /

-0.0079 (-1.02%)

IMAC IMAC
$0.77 /

-0.0079 (-1.02%)

04/15/20 Ascendiant
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$0.77 /

-0.0079 (-1.02%)

  • 18
    Jun
Hot Stocks
PAE to provide COVID-19 testing services for the NCAA Southeastern Conference » 09:16
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PAE

PAE

$8.42 /

-0.21 (-2.43%)

PAE was chosen by the…

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PAE PAE
$8.42 /

-0.21 (-2.43%)

PAE PAE
$8.42 /

-0.21 (-2.43%)

06/16/20
Fly Intel: Top five analyst initiations
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PAE PAE
$8.42 /

-0.21 (-2.43%)

Recommendations
GameStop price target raised to $9 from $6 at Loop Capital » 09:15
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GME

GameStop

$10.56 /

+1.81 (+20.69%)

, SNE

Sony

$78.72 /

+0.47 (+0.60%)

Loop Capital analyst…

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GME GameStop
$10.56 /

+1.81 (+20.69%)

SNE Sony
$78.72 /

+0.47 (+0.60%)

GME GameStop
$10.56 /

+1.81 (+20.69%)

09/14/20
Fly Intel: Top five analyst upgrades
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SNE Sony
$78.72 /

+0.47 (+0.60%)

09/21/20 Jefferies
Microsoft 'doubling down on gaming' with deal, says Jefferies
09/21/20 Cowen
Bethesda deal could alter competition between Microsoft and Sony, says Cowen
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Bethesda deal 'checks a lot of boxes' for Microsoft, says Baird
08/17/20
Loeb's Third Point buys Alibaba, makes a top holding, during second quarter
GME GameStop
$10.56 /

+1.81 (+20.69%)

SNE Sony
$78.72 /

+0.47 (+0.60%)

GME GameStop
$10.56 /

+1.81 (+20.69%)

SNE Sony
$78.72 /

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GME GameStop
$10.56 /

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SNE Sony
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GME GameStop
$10.56 /

+1.81 (+20.69%)

SNE Sony
$78.72 /

+0.47 (+0.60%)

Initiation
Horizon Technology initiated with a Neutral at National Securities » 09:15
09/23/20
09/23
09:15
09/23/20
09:15
HRZN

Horizon Technology

$12.13 /

+0.145 (+1.21%)

National Securities…

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HRZN Horizon Technology
$12.13 /

+0.145 (+1.21%)

HRZN Horizon Technology
$12.13 /

+0.145 (+1.21%)

03/31/20 Keefe Bruyette
Horizon Technology upgraded to Market Perform from Underperform at Keefe Bruyette
03/04/20 Aegis
Horizon Technology upgraded to Buy from Hold at Aegis
02/28/20 Compass Point
Horizon Technology upgraded to Neutral from Sell at Compass Point
02/04/20
Fly Intel: Top five analyst initiations
HRZN Horizon Technology
$12.13 /

+0.145 (+1.21%)

Initiation
CNX Resources initiated with an Overweight at Capital One » 09:14
09/23/20
09/23
09:14
09/23/20
09:14
CNX

CNX Resources

$10.99 /

-0.385 (-3.38%)

Capital One initiated…

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CNX CNX Resources
$10.99 /

-0.385 (-3.38%)

CNX CNX Resources
$10.99 /

-0.385 (-3.38%)

08/17/20
Fly Intel: Top five analyst downgrades
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08/12/20
CNX Resources upgraded to Overweight at Piper Sandler after FCF outlook
08/12/20 Piper Sandler
CNX Resources upgraded to Overweight from Neutral at Piper Sandler
CNX CNX Resources
$10.99 /

-0.385 (-3.38%)

CNX CNX Resources
$10.99 /

-0.385 (-3.38%)

CNX CNX Resources
$10.99 /

-0.385 (-3.38%)

Hot Stocks
Fifth Third announces $8B sustainable finance goal by 2025 » 09:14
09/23/20
09/23
09:14
09/23/20
09:14
FITB

Fifth Third

$20.11 /

-0.745 (-3.57%)

Fifth Third Bancorp…

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FITB Fifth Third
$20.11 /

-0.745 (-3.57%)

FITB Fifth Third
$20.11 /

-0.745 (-3.57%)

09/15/20 Piper Sandler
Fifth Third price target raised to $25 from $22 at Piper Sandler
07/31/20 Wolfe Research
Fifth Third initiated with an Outperform at Wolfe Research
07/29/20 Deutsche Bank
Fifth Third downgraded to Hold with $19 target at Deutsche Bank
07/28/20 Deutsche Bank
Fifth Third downgraded to Hold from Buy at Deutsche Bank
FITB Fifth Third
$20.11 /

-0.745 (-3.57%)

FITB Fifth Third
$20.11 /

-0.745 (-3.57%)

FITB Fifth Third
$20.11 /

-0.745 (-3.57%)

FITB Fifth Third
$20.11 /

-0.745 (-3.57%)

Syndicate
Rockwell Medical announces $35M registered direct offering priced at-the-market » 09:13
09/23/20
09/23
09:13
09/23/20
09:13
RMTI

Rockwell Medical

$1.69 /

+0.25 (+17.36%)

Rockwell Medical…

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RMTI Rockwell Medical
$1.69 /

+0.25 (+17.36%)

RMTI Rockwell Medical
$1.69 /

+0.25 (+17.36%)

03/27/20 Piper Sandler
Piper Sandler remains buyer of Rockwell Medical after Triferic AVNU approval
02/27/20 Piper Sandler
Piper says Rockwell's triferic update 'encouraging' but 'anti-climactic'
11/11/19 Piper Jaffray
Rockwell Medical price target lowered to $6 from $10 at Piper Jaffray
RMTI Rockwell Medical
$1.69 /

+0.25 (+17.36%)

  • 04
    Feb
Initiation
FS KKR Capital initiated with a Neutral at National Securities » 09:13
09/23/20
09/23
09:13
09/23/20
09:13
FSK

FS KKR Capital

$15.70 /

-0.02 (-0.13%)

National Securities…

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FSK FS KKR Capital
$15.70 /

-0.02 (-0.13%)

07:12 Today Truist
FS KKR Capital initiated with a Hold at Truist
06:16 Today National Securities
FS KKR Capital initiated with a Sell at National Securities
08/11/20 Compass Point
Compass Point downgrades FS KKR Capital to Neutral after $16.50 target reached
08/11/20 Compass Point
FS KKR Capital downgraded to Neutral from Buy at Compass Point
FSK FS KKR Capital
$15.70 /

-0.02 (-0.13%)

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