Laurence Penn - Ellington Financial President, Chief Executive Officer, Director

EFC Stock  USD 12.52  0.12  0.97%   

CEO

Mr. Laurence Penn is President, Chief Executive Officer, Director of Ellington Financial LLC. Mr. Penn is also a Vice Chairman of EMG, where he helps oversee many functions of the firm. Mr. Penn is also the Executive Vice President of the company Manager and serves on the company Managers investment and risk management committee. In Ellingtons earlier years, Mr. Penn was the senior portfolio manager primarily responsible for investments in Agency RMBS. Prior to joining Ellington in 1995 shortly after its inception, Mr. Penn was at Lehman Brothers where he was a Managing Director and cohead of CMO origination and trading. Mr. Penn began his career at Lehman Brothers in 1984, after receiving a Master of Advanced Study in Mathematics from Cambridge University, where he studied as both a National Science Foundation and Winston Churchill Fellow since 2007.
Age 62
Tenure 17 years
Address 53 Forest Avenue, Old Greenwich, CT, United States, 06870
Phone203 698 1200
Webhttps://www.ellingtonfinancial.com
Penn graduated summa cum laude, Phi Beta Kappa with a B.A. in Mathematics from Harvard University in 1983. He was one of five winners nationwide in the 1980 Putnam collegiate mathematics problem solving competition, and represented the United States in the 21st International Mathematics Olympiad held in London, England.

Ellington Financial Management Efficiency

At present, Ellington Financial's Return On Equity is projected to slightly decrease based on the last few years of reporting. At present, Ellington Financial's Non Current Assets Total are projected to increase significantly based on the last few years of reporting. The current year's Total Current Assets is expected to grow to about 266.8 M, whereas Non Currrent Assets Other are projected to grow to (13.6 B). Ellington Financial's management efficiency ratios could be used to measure how well Ellington Financial manages its routine affairs as well as how well it operates its assets and liabilities.
Ellington Financial has 13.33 B in debt with debt to equity (D/E) ratio of 3.78, meaning that the company heavily relies on borrowing funds for operations. Ellington Financial has a current ratio of 1.43, which is typical for the industry and considered as normal. Note however, debt could still be an excellent tool for Ellington to invest in growth at high rates of return.

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Ellington Financial Inc., through its subsidiary, Ellington Financial Operating Partnership LLC, acquires and manages mortgage-related, consumer-related, corporate-related, and other financial assets in the United States. Ellington Financial LLC was incorporated in 2007 and is based in Old Greenwich, Connecticut. Ellington Financial is traded on New York Stock Exchange in the United States. Ellington Financial (EFC) is traded on New York Stock Exchange in USA. It is located in 53 Forest Avenue, Old Greenwich, CT, United States, 06870 and employs 400 people. Ellington Financial is listed under Mortgage Real Estate Investment Trusts (REITs) category by Fama And French industry classification.

Management Performance

Ellington Financial Leadership Team

Elected by the shareholders, the Ellington Financial's board of directors comprises two types of representatives: Ellington Financial inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Ellington. The board's role is to monitor Ellington Financial's management team and ensure that shareholders' interests are well served. Ellington Financial's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Ellington Financial's outside directors are responsible for providing unbiased perspectives on the board's policies.
Daniel JD, General Counsel
Laurence Penn, President, Chief Executive Officer, Director
Jason Frank, Deputy Sec
Ronald Simon, Independent Chairman of the Board
Christopher CPA, Chief Officer
J Herlihy, Chief Financial Officer, Treasurer
Daniel Margolis, General Counsel
Mark Tecotzky, Co-Chief Investment Officer
Vincent Ambrico, Controller
Thomas Robards, Independent Chairman of the Board
Stephen Dannhauser, Independent Director
Christopher Smernoff, Chief Accounting Officer
Lisa Mumford, Director
Michael Vranos, Co-Chief Investment Officer and Director
Edward Resendez, Independent Director
AlaaelDeen Shilleh, Associate Secretary

Ellington Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Ellington Financial a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

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When determining whether Ellington Financial offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Ellington Financial's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Ellington Financial Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Ellington Financial Stock:
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Is Mortgage Real Estate Investment Trusts (REITs) space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Ellington Financial. If investors know Ellington will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Ellington Financial listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
0.908
Dividend Share
1.66
Earnings Share
1.29
Revenue Per Share
3.539
Quarterly Revenue Growth
0.19
The market value of Ellington Financial is measured differently than its book value, which is the value of Ellington that is recorded on the company's balance sheet. Investors also form their own opinion of Ellington Financial's value that differs from its market value or its book value, called intrinsic value, which is Ellington Financial's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Ellington Financial's market value can be influenced by many factors that don't directly affect Ellington Financial's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Ellington Financial's value and its price as these two are different measures arrived at by different means. Investors typically determine if Ellington Financial is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ellington Financial's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.