Arlington Asset Investment (AI) Upgraded at ValuEngine

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.

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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.

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