Ellington Financial (EFC): Q1 EPS of $1.94 vs. $1.19 in Q4. Book value/share of $24.78, up 1.6%...

|About: Ellington Financial LLC (EFC)|By:, SA News Editor
Ellington Financial (EFC): Q1 EPS of $1.94 vs. $1.19 in Q4. Book value/share of $24.78, up 1.6% from Q4, up 4.7% if the $0.75 special dividend is factored back in. With stock at $25.95, the days of Ellington trading below book are over for the moment. Non-agency MBS strategy generated $2.17/share in gross income. Agency strategy generated $0.04 of gross income. Attractive valuations had Ellington establishing small capital allocation to CLO market in Q1. "The company views investments in this area as opportunistic in nature." Conference call tomorrow at 11 ET. (PR)