ValuEngine upgraded shares of Arlington Asset Investment (NYSE:AI) from a sell rating to a hold rating in a research report released on Wednesday, January 3rd.
Other equities analysts also recently issued reports about the company. Zacks Investment Research downgraded Arlington Asset Investment from a hold rating to a sell rating in a research report on Wednesday, October 25th. FBR & Co reiterated a hold rating and set a $13.00 target price on shares of Arlington Asset Investment in a research report on Friday, October 27th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company. The stock has a consensus rating of Hold and a consensus target price of $13.75.
Shares of Arlington Asset Investment (NYSE AI) opened at $11.80 on Wednesday. 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 has a 12-month low of $10.93 and a 12-month high of $15.51. The stock has a market capitalization of $332.06, a price-to-earnings ratio of -8.08 and a beta of 1.06.
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 the Thomson Reuters’ consensus estimate of $0.37 by $0.15. Arlington Asset Investment had a negative return on equity of 8.36% and a negative net margin of 27.20%. The business had revenue of $14.87 million for the quarter, compared to the consensus estimate of $20.17 million. sell-side analysts anticipate that Arlington Asset Investment will post 0.72 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 31st. Stockholders of record on Friday, December 29th will be issued a $0.55 dividend. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 18.64%. Arlington Asset Investment’s dividend payout ratio (DPR) is -150.68%.
In other news, CFO Richard Ernst Konzmann acquired 4,000 shares of the business’s stock in a transaction dated Friday, October 27th. The shares were bought at an average cost of $11.34 per share, for a total transaction of $45,360.00. Following the acquisition, the chief financial officer now directly owns 11,457 shares in the company, valued at approximately $129,922.38. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, Director Ralph S. Michael III bought 5,000 shares of the stock in a transaction dated Monday, October 30th. The stock was bought at an average price of $11.66 per share, with a total value of $58,300.00. Following the purchase, the director now owns 7,325 shares of the company’s stock, valued at approximately $85,409.50. The disclosure for this purchase can be found here. Over the last 90 days, insiders bought 14,000 shares of company stock worth $158,660. Company insiders own 5.90% of the company’s stock.
Hedge funds have recently bought and sold shares of the company. Icon Advisers Inc. Co. acquired a new stake in shares of Arlington Asset Investment in the second quarter valued at about $1,471,000. Vanguard Group Inc. grew its stake in shares of Arlington Asset Investment by 1.0% in the second quarter. Vanguard Group Inc. now owns 1,104,793 shares of the financial services provider’s stock valued at $15,102,000 after buying an additional 11,197 shares in the last quarter. Alliancebernstein L.P. grew its stake in shares of Arlington Asset Investment by 79.2% in the second quarter. Alliancebernstein L.P. now owns 27,600 shares of the financial services provider’s stock valued at $377,000 after buying an additional 12,200 shares in the last quarter. Cetera Investment Advisers acquired a new stake in shares of Arlington Asset Investment in the second quarter valued at about $970,000. Finally, Trexquant Investment LP acquired a new stake in shares of Arlington Asset Investment in the third quarter valued at about $377,000. Institutional investors and hedge funds own 37.76% of the company’s stock.
ILLEGAL ACTIVITY WARNING: This news story was originally published by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are accessing this news story on another website, it was copied illegally and republished in violation of US and international copyright and trademark legislation. The correct version of this news story can be viewed at https://www.dispatchtribunal.com/2018/01/12/valuengine-upgrades-arlington-asset-investment-ai-to-hold.html.
Arlington Asset Investment Company Profile
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).
To view ValuEngine’s full report, visit ValuEngine’s official website.
Receive News & Ratings for Arlington Asset Investment Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Arlington Asset Investment and related companies with MarketBeat.com's FREE daily email newsletter.