Arlington Asset Investment Corp (NYSE:AI) has earned an average recommendation of “Hold” from the seven analysts that are currently covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. The average 12-month target price among brokers that have covered the stock in the last year is $13.75.
AI has been the subject of a number of analyst reports. Zacks Investment Research cut shares of Arlington Asset Investment from a “hold” rating to a “sell” rating in a report on Wednesday, October 25th. FBR & Co reiterated a “hold” rating and set a $13.00 price objective on shares of Arlington Asset Investment in a report on Friday, October 27th.
Shares of Arlington Asset Investment (AI) traded down $0.03 during midday trading on Friday, hitting $12.49. 845,237 shares of the stock were exchanged, compared to its average volume of 378,909. The firm has a market capitalization of $351.48, a PE ratio of -8.55 and a beta of 1.06. Arlington Asset Investment has a 52-week low of $10.93 and a 52-week high of $15.72. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.05 and a quick ratio of 0.05.
Arlington Asset Investment (NYSE:AI) last issued its quarterly earnings data on Tuesday, October 24th. The financial services provider reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.37 by $0.15. The firm had revenue of $14.87 million during the quarter, compared to analysts’ expectations of $20.17 million. Arlington Asset Investment had a negative net margin of 27.20% and a negative return on equity of 8.36%. research analysts forecast that Arlington Asset Investment will post 0.72 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 31st. Investors of record on Friday, December 29th will be given a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a dividend yield of 17.61%. The ex-dividend date is Thursday, December 28th. Arlington Asset Investment’s payout ratio is currently -150.68%.
In other news, CEO J Rock Tonkel, Jr. purchased 5,000 shares of the company’s stock in a transaction that occurred on Friday, November 3rd. The shares were bought at an average cost of $11.00 per share, with a total value of $55,000.00. Following the completion of the transaction, the chief executive officer now directly owns 327,132 shares of the company’s stock, valued at $3,598,452. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Richard Ernst Konzmann purchased 4,000 shares of the company’s stock in a transaction that occurred on Friday, October 27th. The shares were purchased at an average cost of $11.34 per share, for a total transaction of $45,360.00. Following the completion of the transaction, the chief financial officer now directly owns 11,457 shares of the company’s stock, valued at $129,922.38. The disclosure for this purchase can be found here. Insiders have purchased 14,000 shares of company stock worth $158,660 over the last three months. 5.90% of the stock is owned by insiders.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Schwab Charles Investment Management Inc. raised its position in Arlington Asset Investment by 0.6% in the second quarter. Schwab Charles Investment Management Inc. now owns 88,056 shares of the financial services provider’s stock worth $1,204,000 after acquiring an additional 532 shares during the period. Goldman Sachs Group Inc. raised its position in Arlington Asset Investment by 9.8% in the second quarter. Goldman Sachs Group Inc. now owns 20,167 shares of the financial services provider’s stock worth $276,000 after acquiring an additional 1,793 shares during the period. JPMorgan Chase & Co. raised its position in Arlington Asset Investment by 2.3% in the second quarter. JPMorgan Chase & Co. now owns 83,850 shares of the financial services provider’s stock worth $1,147,000 after acquiring an additional 1,847 shares during the period. Neuberger Berman Group LLC raised its position in Arlington Asset Investment by 1.5% in the second quarter. Neuberger Berman Group LLC now owns 132,000 shares of the financial services provider’s stock worth $1,804,000 after acquiring an additional 2,000 shares during the period. Finally, Rhumbline Advisers raised its position in Arlington Asset Investment by 8.1% in the second quarter. Rhumbline Advisers now owns 27,639 shares of the financial services provider’s stock worth $378,000 after acquiring an additional 2,070 shares during the period. 37.76% of the stock is currently owned by institutional investors.
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About Arlington Asset Investment
Arlington Asset Investment Corp. is an investment company. The Company focuses on acquiring and holding a levered portfolio of residential mortgage-backed securities (MBS), consisting of agency MBS and private-label MBS. Agency MBS include residential mortgage pass-through certificates for which the principal and interest payments are guaranteed by a United States Government agency or government-sponsored enterprise (GSE), such as the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac).
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