Ellington Financial (EFC)
Market Price (5/4/2026): $13.235 | Market Cap: $1.4 BilSector: Financials | Industry: Specialized Finance
Ellington Financial (EFC)
Market Price (5/4/2026): $13.235Market Cap: $1.4 BilSector: FinancialsIndustry: Specialized Finance
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 24%, Dividend Yield is 13%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 20% Low stock price volatilityVol 12M is 18% Megatrend and thematic driversMegatrends include Digital & Alternative Assets. Themes include Private Credit. | Trading close to highsDist 52W High is -1.5%, Dist 3Y High is -1.5% Weak multi-year price returns3Y Excs Rtn is -20% | Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 1201% Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -302%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -302% Key risksEFC key risks include [1] a high 8.6:1 leverage ratio contributing to a distress-level bankruptcy risk score and [2] a recent doubling in its portfolio of non-performing loans. |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 24%, Dividend Yield is 13%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 20% |
| Low stock price volatilityVol 12M is 18% |
| Megatrend and thematic driversMegatrends include Digital & Alternative Assets. Themes include Private Credit. |
| Trading close to highsDist 52W High is -1.5%, Dist 3Y High is -1.5% |
| Weak multi-year price returns3Y Excs Rtn is -20% |
| Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 1201% |
| Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -302%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -302% |
| Key risksEFC key risks include [1] a high 8.6:1 leverage ratio contributing to a distress-level bankruptcy risk score and [2] a recent doubling in its portfolio of non-performing loans. |
Qualitative Assessment
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1. Ellington Financial surpassed analyst expectations with its Q4 2025 earnings report. The company reported earnings per share (EPS) of $0.47 on February 25, 2026, exceeding the consensus estimate of $0.45 by 4.44%.
2. The company maintained an attractive and consistent monthly common dividend of $0.13 per share. This commitment to shareholders provides a high annualized dividend yield, appealing to income-focused investors.
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Stock Movement Drivers
Fundamental Drivers
The 6.3% change in EFC stock from 1/31/2026 to 5/3/2026 was primarily driven by a 15.4% change in the company's P/E Multiple.| (LTM values as of) | 1312026 | 5032026 | Change |
|---|---|---|---|
| Stock Price ($) | 12.45 | 13.24 | 6.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 301 | 307 | 1.8% |
| Net Income Margin (%) | 51.6% | 47.9% | -7.1% |
| P/E Multiple | 8.2 | 9.5 | 15.4% |
| Shares Outstanding (Mil) | 103 | 105 | -2.5% |
| Cumulative Contribution | 6.3% |
Market Drivers
1/31/2026 to 5/3/2026| Return | Correlation | |
|---|---|---|
| EFC | 6.3% | |
| Market (SPY) | 3.6% | 51.5% |
| Sector (XLF) | -2.3% | 39.8% |
Fundamental Drivers
The 5.5% change in EFC stock from 10/31/2025 to 5/3/2026 was primarily driven by a 12.0% change in the company's P/E Multiple.| (LTM values as of) | 10312025 | 5032026 | Change |
|---|---|---|---|
| Stock Price ($) | 12.54 | 13.24 | 5.5% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 286 | 307 | 7.3% |
| Net Income Margin (%) | 49.6% | 47.9% | -3.5% |
| P/E Multiple | 8.5 | 9.5 | 12.0% |
| Shares Outstanding (Mil) | 96 | 105 | -9.0% |
| Cumulative Contribution | 5.5% |
Market Drivers
10/31/2025 to 5/3/2026| Return | Correlation | |
|---|---|---|
| EFC | 5.5% | |
| Market (SPY) | 5.5% | 30.4% |
| Sector (XLF) | -0.0% | 28.0% |
Fundamental Drivers
The 14.5% change in EFC stock from 4/30/2025 to 5/3/2026 was primarily driven by a 35.9% change in the company's P/E Multiple.| (LTM values as of) | 4302025 | 5032026 | Change |
|---|---|---|---|
| Stock Price ($) | 11.56 | 13.24 | 14.5% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 282 | 307 | 8.6% |
| Net Income Margin (%) | 51.7% | 47.9% | -7.3% |
| P/E Multiple | 7.0 | 9.5 | 35.9% |
| Shares Outstanding (Mil) | 88 | 105 | -16.3% |
| Cumulative Contribution | 14.5% |
Market Drivers
4/30/2025 to 5/3/2026| Return | Correlation | |
|---|---|---|
| EFC | 14.5% | |
| Market (SPY) | 30.4% | 33.1% |
| Sector (XLF) | 8.1% | 32.7% |
Fundamental Drivers
The 52.1% change in EFC stock from 4/30/2023 to 5/3/2026 was primarily driven by a 610.4% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 4302023 | 5032026 | Change |
|---|---|---|---|
| Stock Price ($) | 8.71 | 13.24 | 52.1% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 43 | 307 | 610.4% |
| P/S Multiple | 12.4 | 4.6 | -63.3% |
| Shares Outstanding (Mil) | 62 | 105 | -41.6% |
| Cumulative Contribution | 52.1% |
Market Drivers
4/30/2023 to 5/3/2026| Return | Correlation | |
|---|---|---|
| EFC | 52.1% | |
| Market (SPY) | 78.7% | 49.7% |
| Sector (XLF) | 64.3% | 48.6% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| EFC Return | 26% | -18% | 18% | 9% | 26% | 2% | 70% |
| Peers Return | 16% | -20% | 20% | 4% | 22% | 2% | 46% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 5% | 92% |
Monthly Win Rates [3] | |||||||
| EFC Win Rate | 75% | 50% | 42% | 50% | 58% | 25% | |
| Peers Win Rate | 55% | 50% | 53% | 60% | 63% | 50% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| EFC Max Drawdown | -2% | -29% | -10% | -12% | -2% | -15% | |
| Peers Max Drawdown | -4% | -33% | -17% | -9% | -6% | -9% | |
| S&P 500 Max Drawdown | -1% | -25% | -1% | -2% | -15% | -7% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: AGNC, NLY, RITM, STWD, BXMT.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 5/1/2026 (YTD)
How Low Can It Go
| Event | EFC | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -10.2% | -18.8% |
| % Gain to Breakeven | 11.4% | 23.1% |
| Time to Breakeven | 15 days | 79 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -12.2% | -9.5% |
| % Gain to Breakeven | 13.9% | 10.5% |
| Time to Breakeven | 37 days | 24 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -20.2% | -6.7% |
| % Gain to Breakeven | 25.2% | 7.1% |
| Time to Breakeven | 82 days | 31 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -30.6% | -24.5% |
| % Gain to Breakeven | 44.0% | 32.4% |
| Time to Breakeven | 639 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -79.0% | -33.7% |
| % Gain to Breakeven | 377.3% | 50.9% |
| Time to Breakeven | 377 days | 140 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -12.2% | -12.2% |
| % Gain to Breakeven | 13.9% | 13.9% |
| Time to Breakeven | 32 days | 62 days |
In The Past
Ellington Financial's stock fell -10.2% during the 2025 US Tariff Shock. Such a loss loss requires a 11.4% gain to breakeven.
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| Event | EFC | S&P 500 |
|---|---|---|
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -20.2% | -6.7% |
| % Gain to Breakeven | 25.2% | 7.1% |
| Time to Breakeven | 82 days | 31 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -30.6% | -24.5% |
| % Gain to Breakeven | 44.0% | 32.4% |
| Time to Breakeven | 639 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -79.0% | -33.7% |
| % Gain to Breakeven | 377.3% | 50.9% |
| Time to Breakeven | 377 days | 140 days |
| 2014-2016 Oil Price Collapse | ||
| % Loss | -26.9% | -6.8% |
| % Gain to Breakeven | 36.8% | 7.3% |
| Time to Breakeven | 905 days | 15 days |
In The Past
Ellington Financial's stock fell -10.2% during the 2025 US Tariff Shock. Such a loss loss requires a 11.4% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Ellington Financial (EFC)
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Ellington Financial is like a landlord, but for financial assets instead of buildings. They own and collect income from a diverse portfolio of things like mortgage-backed securities and various types of loans.
Think of them as a specialized investment arm, similar to a division within a big bank like Goldman Sachs or JPMorgan, focused on buying and managing a wide range of mortgage-backed securities and other financial debt.
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- Mortgage-Backed Securities (MBS): The company acquires and manages residential mortgage-backed securities (RMBS) and commercial mortgage-backed securities.
- Mortgage Loans: This includes both residential mortgage loans and commercial mortgage loans.
- Commercial Real Estate Debt: The company invests in other debt instruments related to commercial real estate.
- Collateralized Loan Obligations (CLOs): These are structured finance products backed by a pool of corporate loans.
- Derivatives: The company utilizes both mortgage-related and non-mortgage-related derivatives.
- Corporate Securities: This category includes investments in corporate debt and equity securities.
- Corporate Loans: The company provides direct loans to corporations.
- Consumer Loans: Ellington Financial offers direct loans to consumers.
- Asset-Backed Securities (ABS): These are securities backed by pools of consumer and commercial assets.
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Ellington Financial (EFC) operates as an investment firm that acquires and manages various financial assets and originates loans. Therefore, its "customers" are primarily the borrowers and entities to whom it provides financing.
The company primarily serves the following categories of customers:
- Individuals: Ellington Financial provides residential mortgage loans and consumer loans directly to individual borrowers.
- Businesses and Corporations: The company offers commercial mortgage loans, corporate loans, and finances other commercial real estate debt for various businesses and corporations.
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Laurence Penn - Chief Executive Officer & President
Laurence Penn has served as Ellington Financial Inc.'s Chief Executive Officer, President, and a board member since August 2007. He is also the Executive Vice President of Ellington Financial's Manager and a Vice Chairman of Ellington Management Group (EMG), where he oversees various functions and serves on EMG's Investment and Risk Management Committee. Mr. Penn also holds the positions of Chief Executive Officer, President, and Trustee for Ellington Residential Mortgage REIT (EARN). Before joining EMG shortly after its inception in 1995, Mr. Penn was a Managing Director and co-head of CMO origination and trading at Lehman Brothers, specializing in CMO derivatives. From 1987 to 1990 at Lehman Brothers, he headed the structured transaction modeling group, responsible for structuring, modeling, and computer system design for MBS and ABS, and co-created "BondTalk," a high-level programming language for Collateralized Mortgage Obligations.
JR Herlihy - Chief Financial Officer
JR Herlihy has been the Chief Financial Officer of Ellington Financial Inc. since April 2018 and its Treasurer since May 2017, having joined Ellington Management Group (EMG) in April 2011. He also serves as the Chief Operating Officer and Treasurer of Ellington Credit Company (NYSE: EARN) since April 2018 and May 2017, respectively. Mr. Herlihy is a Managing Director at EMG, where his roles included serving as Co-Chief Investment Officer of Ellington Housing Inc. ("EHR"), a real estate investment trust focused on residential real estate assets, from its launch in September 2012 through December 2016, and as EHR's Interim Chief Financial Officer from March 2015 to January 2016. Prior to April 2011, Mr. Herlihy held various positions in the real estate industry, including at the real estate private equity firm GTIS Partners LP, Capmark Financial Group (formerly GMAC Commercial Mortgage), and Jones Lang LaSalle.
Michael W. Vranos - Co-Chief Investment Officer
Michael W. Vranos is a Co-Chief Investment Officer at Ellington Financial Inc. He founded Ellington Management Group, L.L.C. in 1994 and has served as its Chief Executive Officer and Co-Chief Investment Officer since its inception. Previously, Mr. Vranos was a senior managing director and the head of the mortgage and asset-backed securities department at Kidder Peabody & Co. He spent eight years at Kidder Peabody, where he oversaw the trading, sales, and research of mortgage-backed securities, whole loans, and other asset-backed securities.
Mark Tecotzky - Co-Chief Investment Officer
Mark Tecotzky serves as Co-Chief Investment Officer at Ellington Financial Inc. He joined Ellington Management Group, L.L.C. ("Ellington") in 1996 and has been a Managing Director and Co-Chief Investment Officer since 2005. Before joining Ellington, Mr. Tecotzky worked at Lehman Brothers from 1989 to 1996, where he was a Senior Vice President in the mortgage department, focusing on the trading of Agency collateralized mortgage obligations and other mortgage derivatives.
Chris Smernoff - Chief Accounting Officer
Chris Smernoff has been the Chief Accounting Officer of Ellington Financial Inc. since April 2018, having joined Ellington in January 2007. Before this role, he served as the company's Controller starting in February 2010. Mr. Smernoff is responsible for managing all finance and accounting operations for Ellington Financial Inc. He has also been the Controller of Ellington Credit Company (NYSE: EARN) since April 2013. From January 2007 to February 2010, he was an Assistant Controller for various private entities managed by Ellington. Prior to joining Ellington, Mr. Smernoff was a manager in the assurance practice at PricewaterhouseCoopers LLP, where he specialized in providing audit and accounting services to clients in the investment management industry.
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Key Risks to Ellington Financial (EFC)
- Interest Rate Risk: As a financial company that acquires and manages a diverse portfolio of fixed-income and mortgage-related assets, Ellington Financial is highly susceptible to fluctuations in interest rates. Changes in prevailing interest rates can significantly impact the fair value of its asset portfolio, increase its borrowing costs, and affect its net interest margin and overall profitability.
- Credit Risk: The company invests in various credit-sensitive assets, including residential mortgage-backed securities (RMBS) backed by Alt-A, manufactured housing, and subprime loans, as well as commercial mortgage loans, corporate loans, and consumer loans. A deterioration in economic conditions, real estate markets, or the financial health of borrowers could lead to increased defaults, delinquencies, and a decline in the value of these assets, resulting in potential losses for Ellington Financial.
- Market Volatility and Liquidity Risk: Ellington Financial's portfolio includes a variety of financial assets, some of which may be illiquid, and it also uses mortgage-related and non-mortgage-related derivatives. Adverse changes in financial market conditions, beyond just interest rates, could lead to significant fluctuations in the value of its investments and derivatives. Furthermore, reduced liquidity in the markets for its assets could hinder the company's ability to sell assets at favorable prices or to obtain financing, potentially impacting its operations and financial performance.
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Ellington Financial (EFC) operates within several significant addressable markets in the United States:
- Residential Mortgage-Backed Securities (RMBS): The U.S. mortgage-backed securities market, which includes residential mortgage-backed securities, had over $11 trillion in outstanding securities as of mid-2023 and 2025. The residential MBS segment dominates the overall mortgage-backed securities market. In 2024, gross agency RMBS issuance was approximately $1.1 trillion, while private-label RMBS new issuance was about $132 billion.
- Commercial Mortgage-Backed Securities (CMBS): The U.S. CMBS market had a capitalization of approximately $1.8 trillion as of December 31, 2025.
- Collateralized Loan Obligations (CLOs): The U.S. CLO market has an estimated size of about $1.1 trillion in assets as of September 2025. Other data indicates the CLO market reached $1.4 trillion as of April 2025 and is projected to grow from $1.6 trillion in 2025 to $1.83 trillion in 2026.
- Corporate Debt (including Corporate Loans and Corporate Debt and Equity Securities): The total outstanding U.S. corporate debt was $11.5 trillion as of Q3 2025. In early March 2020, U.S. corporate debt (excluding financial institutions) stood at about $9.6 trillion.
- Consumer Loans and Asset-Backed Securities backed by consumer assets: The broader U.S. consumer lending market is substantial, with a market size of $27 trillion and growing. Total U.S. consumer debt was $16.99 trillion as of April 2023, of which $4.66 trillion was non-mortgage debt. The United States Digital Lending Market alone is estimated at $511.57 billion in 2025, with projections to reach $896.34 billion by 2030.
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Ellington Financial (EFC) is expected to drive future revenue growth over the next 2-3 years through several key initiatives and market dynamics:
- Growth in Longbridge Segment and Reverse Mortgage Originations: The company anticipates a significant boost to its Adjusted Distributable Earnings (ADE) from the Longbridge Segment as its origination platform is expected to return to profitability. Ellington Financial aims to increase its market share in loan originations, particularly in reverse mortgages.
- Expansion and Enhancement of Securitization Platform: Ellington Financial is actively expanding and enhancing its securitization platform, significantly increasing its securitization activity. This includes diversifying beyond non-qualified mortgage (non-QM) loans to encompass second liens, reverse mortgages, residential transition loans, and agency-eligible loans, which generates attractive long-term, non-mark-to-market financing and high-yielding retained tranches.
- Optimization of Capital Structure and Liability Management: Strategic capital restructuring efforts, such as raising common equity to retire high-cost preferred equity and increasing the proportion of unsecured, non-mark-to-market, and long-term financings, are projected to strengthen earnings and enhance earnings stability.
- Disciplined Expansion of Credit-Focused Investment Portfolio: The company is focused on disciplined expansion of its investment portfolio, especially in credit-sensitive assets like non-QM and proprietary reverse mortgage loans. This strategy, coupled with a consistent improvement in its net interest margin and an increase in the yield on its credit portfolio, is a key driver for revenue growth.
- Favorable Market Conditions from a Normalizing Yield Curve: A normalizing yield curve is expected to improve securitization economics, particularly for residential transition loans and other loan types. This favorable environment enhances the attractiveness of long-term financing and the creation of higher-yielding retained tranches, supporting overall revenue generation.
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Share Repurchases
- Ellington Financial Inc. spent $0 on share buybacks in the fourth quarter of 2025.
Share Issuance
- In January 2026, Ellington Financial announced an underwritten public offering of 8,775,000 shares of common stock, with net proceeds of approximately $117.2 million, primarily used to redeem its Series A Preferred Stock.
- In the fourth quarter of 2025, the company completed a $400 million unsecured notes offering (7.375% due 2030) to increase long-term, non-mark-to-market financing.
Inbound Investments
- In the third quarter of 2025, Vanguard Group increased its stake by 7.2%, holding 6.66% of the company, valued at approximately $86.36 million.
- During the fourth quarter of 2025, Amundi more than doubled its stake in the company.
Outbound Investments
- In the fourth quarter of 2025, a portion of the proceeds from the $400 million unsecured notes offering was deployed into new investment opportunities, expanding the portfolio by 9%.
- The company initiated an agency-eligible loan strategy in 2025, adding approximately $250 million of loans in that sector during the second half of the year.
- Ellington Financial is pursuing vertical integration by securing margin across the entire loan lifecycle through initiatives like the Longbridge franchise, proprietary loan portals, revolving Residential Transition Loan (RTL) securitizations, and a new servicer acquisition.
Capital Expenditures
- No information is available regarding traditional capital expenditures for Ellington Financial Inc.
Latest Trefis Analyses
| Title | Date | |
|---|---|---|
| DASHBOARDS | ||
| How Low Can Ellington Financial Stock Really Go? | 10/17/2025 | |
| EFC Dip Buy Analysis | 07/10/2025 | |
| Time To Buy Ellington Financial Stock? | 05/16/2025 | |
| Ellington Financial Total Shareholder Return (TSR): 22.5% in 2024 and ...% 3-yr compounded annual returns (below peer average) | 03/07/2025 |
| Title | |
|---|---|
| ARTICLES |
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 15.77 |
| Mkt Cap | 6.1 |
| Rev LTM | 1,313 |
| Op Inc LTM | - |
| FCF LTM | -290 |
| FCF 3Y Avg | 297 |
| CFO LTM | -104 |
| CFO 3Y Avg | 297 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 15.6% |
| Rev Chg 3Y Avg | 82.1% |
| Rev Chg Q | 28.2% |
| QoQ Delta Rev Chg LTM | 6.3% |
| Op Inc Chg LTM | - |
| Op Inc Chg 3Y Avg | - |
| Op Mgn LTM | - |
| Op Mgn 3Y Avg | - |
| QoQ Delta Op Mgn LTM | - |
| CFO/Rev LTM | 6.6% |
| CFO/Rev 3Y Avg | -0.6% |
| FCF/Rev LTM | -4.4% |
| FCF/Rev 3Y Avg | -0.6% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 6.1 |
| P/S | 6.1 |
| P/Op Inc | - |
| P/EBIT | - |
| P/E | 8.7 |
| P/CFO | 2.7 |
| Total Yield | 13.6% |
| Dividend Yield | 5.0% |
| FCF Yield 3Y Avg | 5.5% |
| D/E | 3.5 |
| Net D/E | 3.4 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | 6.5% |
| 3M Rtn | 2.0% |
| 6M Rtn | 7.3% |
| 12M Rtn | 12.2% |
| 3Y Rtn | 67.4% |
| 1M Excs Rtn | -2.4% |
| 3M Excs Rtn | -2.1% |
| 6M Excs Rtn | 1.7% |
| 12M Excs Rtn | -17.3% |
| 3Y Excs Rtn | -16.4% |
Price Behavior
| Market Price | $13.24 | |
| Market Cap ($ Bil) | 1.4 | |
| First Trading Date | 10/08/2010 | |
| Distance from 52W High | -1.5% | |
| 50 Days | 200 Days | |
| DMA Price | $12.14 | $12.50 |
| DMA Trend | indeterminate | down |
| Distance from DMA | 9.1% | 6.0% |
| 3M | 1YR | |
| Volatility | 19.6% | 17.7% |
| Downside Capture | 0.20 | 0.20 |
| Upside Capture | 52.44 | 42.03 |
| Correlation (SPY) | 46.9% | 33.2% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 0.66 | 0.85 | 0.66 | 0.43 | 0.47 | 0.69 |
| Up Beta | 0.62 | 0.62 | 0.82 | 0.65 | 0.59 | 0.68 |
| Down Beta | 1.25 | 1.49 | 1.01 | 0.54 | 0.51 | 0.71 |
| Up Capture | 96% | 92% | 50% | 32% | 30% | 37% |
| Bmk +ve Days | 15 | 22 | 31 | 66 | 141 | 428 |
| Stock +ve Days | 17 | 24 | 35 | 66 | 129 | 406 |
| Down Capture | 7% | 68% | 52% | 30% | 45% | 86% |
| Bmk -ve Days | 4 | 18 | 30 | 56 | 108 | 321 |
| Stock -ve Days | 5 | 17 | 27 | 54 | 115 | 321 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with EFC | |
|---|---|---|---|---|
| EFC | 14.6% | 17.7% | 0.62 | - |
| Sector ETF (XLF) | 8.2% | 14.7% | 0.32 | 32.7% |
| Equity (SPY) | 30.6% | 12.5% | 1.88 | 33.1% |
| Gold (GLD) | 39.5% | 27.2% | 1.20 | 11.9% |
| Commodities (DBC) | 51.5% | 17.9% | 2.20 | -10.5% |
| Real Estate (VNQ) | 13.1% | 13.5% | 0.67 | 47.1% |
| Bitcoin (BTCUSD) | -17.1% | 42.2% | -0.33 | 7.4% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with EFC | |
|---|---|---|---|---|
| EFC | 6.4% | 24.0% | 0.23 | - |
| Sector ETF (XLF) | 9.8% | 18.7% | 0.40 | 51.6% |
| Equity (SPY) | 12.8% | 17.1% | 0.59 | 53.5% |
| Gold (GLD) | 20.5% | 17.9% | 0.94 | 13.3% |
| Commodities (DBC) | 14.3% | 19.1% | 0.61 | 15.8% |
| Real Estate (VNQ) | 3.5% | 18.8% | 0.09 | 58.9% |
| Bitcoin (BTCUSD) | 7.7% | 56.2% | 0.35 | 18.5% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with EFC | |
|---|---|---|---|---|
| EFC | 9.4% | 42.2% | 0.34 | - |
| Sector ETF (XLF) | 12.6% | 22.2% | 0.52 | 40.1% |
| Equity (SPY) | 14.9% | 17.9% | 0.71 | 36.0% |
| Gold (GLD) | 13.6% | 15.9% | 0.71 | 1.1% |
| Commodities (DBC) | 9.7% | 17.7% | 0.46 | 15.8% |
| Real Estate (VNQ) | 5.7% | 20.7% | 0.24 | 47.5% |
| Bitcoin (BTCUSD) | 67.7% | 66.9% | 1.07 | 10.5% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 2/26/2026 | -0.2% | -2.0% | -6.2% |
| 11/5/2025 | 0.8% | 0.7% | 0.5% |
| 7/22/2025 | 1.1% | -0.2% | 6.0% |
| 2/28/2025 | -3.4% | -5.2% | -6.7% |
| 11/6/2024 | 3.2% | 1.4% | 3.0% |
| 8/7/2024 | 1.9% | 2.4% | 4.7% |
| 5/8/2024 | 0.7% | 2.7% | 2.6% |
| 2/27/2024 | -2.1% | -0.8% | 5.4% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 13 | 13 | 16 |
| # Negative | 10 | 10 | 7 |
| Median Positive | 1.7% | 2.7% | 4.6% |
| Median Negative | -1.6% | -2.4% | -6.7% |
| Max Positive | 3.2% | 6.9% | 22.6% |
| Max Negative | -4.7% | -12.3% | -12.1% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 12/31/2025 | 03/02/2026 | 10-K |
| 09/30/2025 | 11/10/2025 | 10-Q |
| 06/30/2025 | 08/11/2025 | 10-Q |
| 03/31/2025 | 05/12/2025 | 10-Q |
| 12/31/2024 | 03/03/2025 | 10-K |
| 09/30/2024 | 11/12/2024 | 10-Q |
| 06/30/2024 | 08/09/2024 | 10-Q |
| 03/31/2024 | 05/10/2024 | 10-Q |
| 12/31/2023 | 02/29/2024 | 10-K |
| 09/30/2023 | 11/09/2023 | 10-Q |
| 06/30/2023 | 08/09/2023 | 10-Q |
| 03/31/2023 | 05/10/2023 | 10-Q |
| 12/31/2022 | 03/01/2023 | 10-K |
| 09/30/2022 | 11/09/2022 | 10-Q |
| 06/30/2022 | 08/09/2022 | 10-Q |
| 03/31/2022 | 05/10/2022 | 10-Q |
Insider Activity
Expand for More| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Simon, Ronald I | Trust | Buy | 10022025 | 13.56 | 5,544 | 75,176 | 1,084,792 | Form |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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