The estimated Net Worth of Laurence Penn is at least $509 Thousand dollars as of 2 March 2020. Mr. Penn owns over 38,759 units of Ellington Inc stock worth over $508,906 and over the last 13 years he sold EFC stock worth over $0. In addition, he makes $0 as President, Chief Executive Officer, and Director at Ellington Inc.
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Mr. Penn EFC stock SEC Form 4 insiders trading
Laurence has made over 31 trades of the Ellington Inc stock since 2011, according to the Form 4 filled with the SEC. Most recently he exercised 38,759 units of EFC stock worth $508,906 on 2 March 2020.
The largest trade he's ever made was exercising 38,759 units of Ellington Inc stock on 2 March 2020 worth over $508,906. On average, Laurence trades about 5,075 units every 88 days since 2011. As of 2 March 2020 he still owns at least 38,759 units of Ellington Inc stock.
You can see the complete history of Mr. Penn stock trades at the bottom of the page.
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Laurence Penn biography
Laurence E. Penn serves as President, Chief Executive Officer, Director of the Company. Mr. Penn has been our Chief Executive Officer and President and has served as a member of our Board of Directors since August 2007. Mr. Penn is also the Executive Vice President of our Manager and a Vice Chairman of EMG, where he helps oversee many functions of the firm. Mr. Penn also serves on EMG's Investment and Risk Management Committee. Mr. Penn also serves as Chief Executive Officer, President and a member of the Board of Trustees of EARN. Mr. Penn has also served as a Trustee of Ellington Income Opportunities Fund, a closed-end management investment company, since October 2018. In EMG's earlier years, Mr. Penn was the senior portfolio manager primarily responsible for investments in Agency RMBS. Prior to joining EMG in 1995 shortly after its inception, Mr. Penn was at Lehman Brothers, where he was a Managing Director and co-head of CMO origination and trading, and where he specialized in the trading of CMO derivatives. Prior to trading CMOs and CMO derivatives, Mr. Penn was in charge of Lehman Brothers' structured transaction modeling group from 1987 to 1990, where he was responsible for the structuring, modeling and computer system design for MBS and ABS, and where he was the co-creator (with Jonathan Amsterdam) of "BondTalk," the first high-level programming language specifically designed to model CMOs. 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 Scholar. Mr. 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.
How old is Laurence Penn?
Laurence Penn is 58, he's been the President, Chief Executive Officer, and Director of Ellington Inc since 2007. There are 6 older and 9 younger executives at Ellington Inc. The oldest executive at Ellington Financial Inc is Ronald Simon, 81, who is the Independent Director.
What's Laurence Penn's mailing address?
Laurence's mailing address filed with the SEC is 53 FOREST AVENUE, , OLD GREENWICH, CT, 06870.
Insiders trading at Ellington Inc
Over the last 14 years, insiders at Ellington Inc have traded over $17,728,141 worth of Ellington Inc stock and bought 704,297 units worth $14,947,236 . The most active insiders traders include Michael W Vranos, Capital Markets Pt Inc Fbr, and Michael Wvc Investments Llc.... On average, Ellington Inc executives and independent directors trade stock every 67 days with the average trade being worth of $318,954. The most recent stock trade was executed by Michael W Vranos on 2 July 2024, trading 5,900 units of EFC stock currently worth $71,508.
What does Ellington Inc do?
ellington corp is an entertainment company located in p.o. box 218153, columbus, ohio, united states.
What does Ellington Inc's logo look like?
Complete history of Mr. Penn stock trades at Ellington Inc and Ellington Credit Co
Ellington Inc executives and stock owners
Ellington Inc executives and other stock owners filed with the SEC include:
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J. R. Herlihy,
Chief Financial Officer -
J. R. Herlihy,
CFO & Treasurer -
Christopher Smernoff,
Chief Accounting Officer -
J. R. Herlihy B.A.,
Chief Financial Officer -
Christopher M. Smernoff,
Chief Accounting Officer -
Christopher M. Smernoff B.S., CPA,
Chief Accounting Officer -
Thomas Robards,
Independent Chairman of the Board -
Lisa Mumford,
Director -
Ronald Simon,
Independent Director -
Edward Resendez,
Independent Director -
Laurence Eric Penn,
CEO, Pres & Director -
Daniel Margolis,
General Counsel -
Michael Vranos,
Co-Chief Investment Officer -
Mark Tecotzky,
Co-Chief Investment Officer -
Laurence Penn,
President, Chief Executive Officer, Director -
Vincent Ambrico,
Controller -
Jason Frank,
Deputy Gen. Counsel & Sec. -
Daniel Reuven Margolis,
Gen. Counsel -
Michael William Vranos,
Co-Chief Investment Officer -
Mark Ira Tecotzky,
Co-Chief Investment Officer -
Chris Smernoff,
Chief Accounting Officer -
Michael W Vranos,
Co-Chief Investment Officer -
Michael Wvc Investments Llc...,
Co-Chief Investment Officer -
Holdings, L.P. Emg,
10% owner -
Michael Wemg Holdings, L.P....,
Co-Chief Investment Officer -
Capital Markets Pt Inc Fbr,
10% owner -
Stephen J Dannhauser,
Director