Javelin book value drops 6.6%; sets 2M share buyback

|About: Javelin Mortgage Investment (JMI)|By:, SA News Editor

Taxable REIT income of $7.3M, or $0.54 per share.

Book value per share of $14.69 is off 6.6% from $15.72 at the end of Q2, and compares to last night's close of $11.94, putting the stock at an 18.7% discount.

Net interest margin of 1.72% is down 3 basis points from Q2.

The board authorizes a 2M share repurchase program, nearly 15% of the float.

JMI no trades premarket.