Ellington Financial acquires and manages mortgage-related, consumer-related, corporate-related, and other financial assets. Co.'s targeted asset classes include investments in the U.S. and Europe (as applicable) in the following categories: residential mortgage loans, including mortgage loans that are not deemed to be qualified mortgage loans under the rules of the Consumer Financial Protection Bureau, residential transition loans and non-performing and re-performing residential mortgage loans; residential mortgage-backed securities (RMBS); and RMBS backed by U.S. residential mortgage loans and RMBS backed by European residential mortgage loans. We show 53 historical shares outstanding datapoints in our EFC shares outstanding history coverage, used to compute EFC market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing EFC market cap history over the course of time is important for investors
interested in comparing EFC's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of EFC versus a peer is one thing; comparing
EFC market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like EFC can fluctuate over the course of history.
With this page we aim to empower investors researching EFC by allowing them to research the EFC market cap history. |
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Video: The Importance of Market Cap
