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Ellington Financial ( (EFC) ) has provided an announcement.
On January 26, 2026, Ellington Financial Inc. and its external manager, Ellington Financial Management LLC, entered into an underwriting agreement with Morgan Stanley and Goldman Sachs to offer 8,775,000 shares of Ellington Financial’s common stock, with an additional 1,316,250 shares available to the underwriters under a 30-day option, under an effective shelf registration filed in December 2025. Subject to customary closing conditions, the company expects the main offering to close on January 28, 2026, with the agreement including standard representations, covenants, indemnification and expense-reimbursement provisions in favor of the underwriters, highlighting Ellington Financial’s continued use of equity issuance and established investment banking relationships as part of its capital-raising strategy.
The most recent analyst rating on (EFC) stock is a Hold with a $14.50 price target. To see the full list of analyst forecasts on Ellington Financial stock, see the EFC Stock Forecast page.
Spark’s Take on EFC Stock
According to Spark, TipRanks’ AI Analyst, EFC is a Neutral.
The score is held back primarily by high leverage and negative recent cash flow, despite strong reported profitability. Offsetting factors include a supportive earnings-call outlook with record ADE and improved financing actions, plus an income-friendly valuation (low P/E and high yield). Technical signals are neutral and do not materially improve or worsen the outlook.
To see Spark’s full report on EFC stock, click here.
More about Ellington Financial
Ellington Financial Inc. is a specialty finance company that raises capital in the public equity markets through offerings of its common stock, leveraging external management by Ellington Financial Management LLC and relationships with major Wall Street underwriters to support its investment and financing activities.
Average Trading Volume: 1,662,603
Technical Sentiment Signal: Buy
Current Market Cap: $1.54B
Find detailed analytics on EFC stock on TipRanks’ Stock Analysis page.