Arlington Asset Investment Corp (NYSE:AI) CFO Richard Ernst Konzmann acquired 1,500 shares of the business’s stock in a transaction dated Friday, February 9th. The shares were acquired at an average cost of $10.65 per share, with a total value of $15,975.00. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Shares of Arlington Asset Investment Corp (AI) traded up $0.03 on Thursday, reaching $10.96. The company’s stock had a trading volume of 97,604 shares, compared to its average volume of 593,252. The stock has a market capitalization of $306.45, a price-to-earnings ratio of 18.84 and a beta of 0.83. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.05 and a current ratio of 0.05. Arlington Asset Investment Corp has a 1-year low of $9.90 and a 1-year high of $15.17.
Arlington Asset Investment (NYSE:AI) last issued its earnings results on Tuesday, February 6th. The financial services provider reported $0.58 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.20 by $0.38. The business had revenue of $15.66 million during the quarter, compared to analyst estimates of $18.14 million. Arlington Asset Investment had a return on equity of 4.71% and a net margin of 14.42%. equities research analysts anticipate that Arlington Asset Investment Corp will post 1.47 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, January 31st. Shareholders of record on Friday, December 29th were paid a $0.55 dividend. This represents a $2.20 annualized dividend and a yield of 20.07%. The ex-dividend date was Thursday, December 28th. Arlington Asset Investment’s dividend payout ratio is currently 379.31%.
Several research analysts have recently commented on AI shares. FBR & Co reissued a “hold” rating and set a $13.00 price objective on shares of Arlington Asset Investment in a report on Friday, October 27th. Zacks Investment Research lowered Arlington Asset Investment from a “hold” rating to a “sell” rating in a report on Wednesday, October 25th. ValuEngine raised Arlington Asset Investment from a “sell” rating to a “hold” rating in a report on Wednesday, January 3rd. Finally, B. Riley cut their price objective on Arlington Asset Investment from $13.00 to $12.00 and set a “neutral” rating for the company in a report on Thursday, February 8th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $13.45.
Institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. boosted its stake in 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 worth $15,102,000 after buying an additional 11,197 shares in the last quarter. Alliancebernstein L.P. boosted its stake in 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 worth $377,000 after buying an additional 12,200 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its stake in Arlington Asset Investment by 10.7% in the third quarter. Schwab Charles Investment Management Inc. now owns 97,466 shares of the financial services provider’s stock worth $1,241,000 after buying an additional 9,410 shares in the last quarter. Cetera Investment Advisers purchased a new stake in Arlington Asset Investment in the second quarter worth approximately $970,000. Finally, Trexquant Investment LP purchased a new stake in Arlington Asset Investment in the third quarter worth approximately $377,000. 39.62% of the stock is owned by institutional investors and hedge funds.
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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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