Shares of Ellington Financial LLC (EFC) have been trending higher and have gained almost 23% since the beginning of the year. This mortgage investment company, which became a Zacks #1 Rank (Strong Buy) on May 12, is near its 52-week high.
On May 7, Ellington Financial reported first quarter 2012 net income of $32.1 million, compared with the last year’s income of $11.1 million. Net investment income of 65 cents per share was up 3% from 63 cents recorded in the prior-year quarter. However, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards