Ellington Financial (EFC) Posts Surprise Q1 Loss
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Ellington Financial LLC Reports First Quarter 2016 Results
May 5, 2016 6:38 PM EDTOLD GREENWICH, Conn., May 5, 2016 /PRNewswire/ -- Ellington Financial LLC (NYSE: EFC) today reported financial results for the quarter ended March 31, 2016.
Highlights
Net increase (decrease) in shareholders' equity resulting from operations ("net income (loss)") for the first quarter was $(23.2) million, or $(0.69) per basic and diluted share, as compared to net income of $1.8 million, or $0.05 per basic and diluted share, for the quarter ended December 31, 2015. Book value per share as of March 31, 2016 was $20.63 on a diluted basis, after payment of a quarterly... More