Ellington Financial Management

Management criteria checks 2/4

Ellington Financial's CEO is Larry Penn, appointed in Aug 2007, has a tenure of 17.25 years. directly owns 0.12% of the company’s shares, worth $1.32M. The average tenure of the management team and the board of directors is 9.4 years and 17.3 years respectively.

Key information

Larry Penn

Chief executive officer

n/a

Total compensation

CEO salary percentage	n/a
CEO tenure	17.3yrs
CEO ownership	0.1%
Management average tenure	9.4yrs
Board average tenure	17.3yrs

Recent management updates

Recent updates

CEO

Larry Penn (62 yo)

17.3yrs

Tenure

Mr. Laurence Eric Penn, also known as Larry, serves as Chief Executive Officer, President at Ellington Credit Company (formerly known as Ellington Residential Mortgage REIT) since October 2012 and also ser...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
J. Herlihy	CFO & Treasurer	7.5yrs	US$1.05m	no data
Christopher Smernoff	Chief Accounting Officer	6.6yrs	US$623.87k	no data
Laurence Penn	CEO, President & Director	17.3yrs	no data	0.12% $ 1.3m
Mark Tecotzky	Co-Chief Investment Officer	16.7yrs	no data	no data
Michael Vranos	Co-Chief Investment Officer	15.4yrs	no data	2.25% $ 25.5m
Daniel Margolis	General Counsel	11.3yrs	no data	no data
Vincent Ambrico	Controller	6.6yrs	no data	no data
Alaael-Deen Shilleh	Associate General Counsel & Secretary	1.8yrs	no data	no data

9.4yrs

Average Tenure

56.5yo

Average Age

Experienced Management: 0A26's management team is seasoned and experienced (9.4 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Laurence Penn	CEO, President & Director	17.3yrs	no data	0.12% $ 1.3m
Ronald Simon	Independent Chairman of the Board	17.3yrs	US$268.37k	0.063% $ 709.9k
Stephen Dannhauser	Independent Director	3.8yrs	US$211.37k	no data
Lisa Mumford	Independent Director	6.3yrs	US$203.37k	0.070% $ 792.9k
Edward Resendez	Independent Director	17.3yrs	US$231.37k	0.0028% $ 31.2k

17.3yrs

Average Tenure

68yo

Average Age

Experienced Board: 0A26's board of directors are seasoned and experienced ( 17.3 years average tenure).

Ellington Financial Management

Management criteria checks 2/4

Key information

Recent management updates

Co-Chief Investment Officer recently sold US$181k worth of stock

Co-Chief Investment Officer recently sold US$201k worth of stock

Ellington Financial Inc., Annual General Meeting, May 17, 2024

Insufficient new directors

Ellington Financial Inc. Appoints J. Rock Tonkel as Additional Board Member

Recent updates

Dividend of US$0.13 announced

Ellington Financial Declares Monthly Common Dividend, Payable on December 26, 2024

Dividend of US$0.13 announced

Ellington Financial Inc. to Report Q3, 2024 Results on Nov 06, 2024

Co-Chief Investment Officer recently sold US$181k worth of stock

Ellington Financial Inc. Declares Monthly Common Stock Dividend, Payable on November 25, 2024

Ellington Financial Inc. has filed a Follow-on Equity Offering in the amount of $300 million.

Dividend of US$0.13 announced

Ellington Financial Inc. Declares Monthly Dividend, Payable on October 25, 2024

Upcoming dividend of US$0.13 per share

Dividend of US$0.13 announced

Ellington Financial Inc. Declares Monthly Common Dividend, Payable on September 25, 2024

Ellington Financial Inc. to Report Q2, 2024 Results on Aug 06, 2024

Dividend of US$0.13 announced

Ellington Financial Declares Monthly Common Dividend, Payable on August 26, 2024

Now 22% undervalued

Co-Chief Investment Officer recently sold US$201k worth of stock

Dividend of US$0.13 announced

Now 20% undervalued

Ellington Financial Inc. Declares Monthly Dividend, Payable on July 25

Upcoming dividend of US$0.13 per share

Dividend of US$0.13 announced

Ellington Financial Inc. Declares Monthly Common Dividend, Payable on June 25, 2024

Ellington Financial Inc. to Report Q1, 2024 Results on May 07, 2024

Dividend of US$0.13 announced

Ellington Financial Inc. Declares Monthly Common Dividend, Payable on May 28, 2024

Ellington Financial Inc., Annual General Meeting, May 17, 2024

Upcoming dividend of US$0.13 per share

Dividend of US$0.13 announced

Ellington Financial Inc. Declares Monthly Dividend, Payable on April 25, 2024

Ellington Financial Inc. Recommends Reduction of the Monthly Dividend Beginning in March

New minor risk - Shareholder dilution

Upcoming dividend of US$0.15 per share

Ellington Financial Inc. to Report Q4, 2023 Results on Feb 26, 2024

Dividend of US$0.15 announced

New minor risk - Shareholder dilution

New minor risk - Shareholder dilution

Ellington Financial Declares Monthly Common Dividend Payable on March 25, 2024

Insufficient new directors

Upcoming dividend of US$0.15 per share at 14% yield

Ellington Financial Inc. Appoints J. Rock Tonkel as Additional Board Member

Ellington Financial Inc. Declares Monthly Common Dividend, Payable on February 26, 2024

Now 20% undervalued

Upcoming dividend of US$0.09 per share at 5.6% yield

Ellington Financial Inc. Declares Monthly Dividend, Payable on January 25, 2024

Ellington Financial Declares Interim Monthly Dividend, Payable on December 13, 2023

Upcoming dividend of US$0.15 per share at 14% yield

Ellington Financial Inc. Declares Monthly Common Dividend, Payable on December 26, 2023

Ellington Financial Inc. to Report Q3, 2023 Results on Nov 07, 2023

Upcoming dividend of US$0.15 per share at 15% yield

Ellington Financial Inc. Declares Monthly Dividend, Payable on November 27, 2023

Upcoming dividend of US$0.15 per share at 14% yield

Ellington Financial Inc. Declares Monthly Dividends, Payable on October 25, 2023

Upcoming dividend of US$0.15 per share at 14% yield

Ellington Financial Declares Monthly Common Dividend, Payable on September 25, 2023

Ellington Financial Inc. to Report Q2, 2023 Results on Aug 07, 2023

Upcoming dividend of US$0.15 per share at 13% yield

Ellington Financial Inc. Declares Monthly Dividend on Common Stock, Payable on August 25, 2023

Ellington Financial Inc. Declares Monthly Dividend on Common Stock, Payable on August 25, 2023

Now 21% undervalued

Ellington Financial Inc. (NYSE : EFC) entered into an agreement to acquire Great Ajax Corp. (NYSE : AJX) for $180 million.

Ellington Financial Inc.(NYSE:EFC) dropped from Russell 2000 Value-Defensive Index

Upcoming dividend of US$0.15 per share at 13% yield

Now 20% undervalued

Ellington Financial Inc. Declares Monthly Dividend on Common Stock, Payable on July 25, 2023

Ellington Financial Inc. (NYSE:EFC) entered into a definitive Agreement to acquire Arlington Asset Investment Corp. (NYSE:AAIC) for approximately $150 million.

Ellington Financial Inc. (NYSE:EFC) entered into a definitive Agreement to acquire Arlington Asset Investment Corp. (NYSE:AAIC) for approximately $160 million.

Upcoming dividend of US$0.15 per share at 14% yield

Upcoming dividend of US$0.15 per share at 14% yield

Upcoming dividend of US$0.15 per share at 16% yield