Ellington Financial book value gains in December

|About: Ellington Financial LLC (EFC)|By:, SA News Editor

Ellington Financial (EFC) reports estimated book value per share of $24 as of the end of December, up a hair from $23.86 on November 30. Book value one year ago was $24.37, so management has done a pretty fair job during a difficult year for leveraged owners of MBS.

Today's close of $23.53 puts the stock at about a 2% discount to book - as recently as four months ago, the shares could be picked up at about a 13% discount.