BlackRock Inc. Boosts Position in Arlington Asset Investment (AI)

BlackRock Inc. boosted its stake in Arlington Asset Investment (NYSE:AI) by 6.4% in the 4th quarter, Holdings Channel reports. The firm owned 1,297,059 shares of the financial services provider’s stock after purchasing an additional 77,531 shares during the period. BlackRock Inc.’s holdings in Arlington Asset Investment were worth $15,280,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. Bank of New York Mellon Corp increased its holdings in Arlington Asset Investment by 5.9% in the 4th quarter. Bank of New York Mellon Corp now owns 292,358 shares of the financial services provider’s stock valued at $3,444,000 after purchasing an additional 16,396 shares during the last quarter. Rational Advisors LLC increased its holdings in Arlington Asset Investment by 38.4% in the 4th quarter. Rational Advisors LLC now owns 95,434 shares of the financial services provider’s stock valued at $1,125,000 after purchasing an additional 26,500 shares during the last quarter. Swiss National Bank increased its holdings in Arlington Asset Investment by 17.6% in the 4th quarter. Swiss National Bank now owns 44,200 shares of the financial services provider’s stock valued at $521,000 after purchasing an additional 6,600 shares during the last quarter. Schwab Charles Investment Management Inc. increased its holdings in Arlington Asset Investment by 14.0% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 111,146 shares of the financial services provider’s stock valued at $1,310,000 after purchasing an additional 13,680 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new stake in Arlington Asset Investment in the 3rd quarter valued at approximately $127,000. Hedge funds and other institutional investors own 41.89% of the company’s stock.

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Shares of AI stock opened at $11.16 on Friday. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.12 and a quick ratio of 0.03. Arlington Asset Investment has a 52 week low of $9.90 and a 52 week high of $15.17. The company has a market capitalization of $317.14, a price-to-earnings ratio of 16.91 and a beta of 0.67.

Arlington Asset Investment (NYSE:AI) last issued its quarterly earnings results on Tuesday, February 6th. The financial services provider reported $0.58 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.20 by $0.38. Arlington Asset Investment had a net margin of 14.42% and a return on equity of 4.68%. The company had revenue of $15.66 million during the quarter, compared to analysts’ expectations of $18.14 million.

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 30th. Shareholders of record on Thursday, March 29th will be given a $0.55 dividend. The ex-dividend date of this dividend is Wednesday, March 28th. This represents a $2.20 annualized dividend and a yield of 19.71%. Arlington Asset Investment’s dividend payout ratio is presently 333.33%.

Several research firms recently weighed in on AI. Zacks Investment Research upgraded shares of Arlington Asset Investment from a “hold” rating to a “strong-buy” rating and set a $14.00 target price for the company in a report on Monday, January 15th. B. Riley decreased their price target on shares of Arlington Asset Investment from $13.00 to $12.00 and set a “neutral” rating for the company in a research report on Thursday, February 8th. Finally, ValuEngine raised shares of Arlington Asset Investment from a “sell” rating to a “hold” rating in a research report on Wednesday, January 3rd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. Arlington Asset Investment currently has a consensus rating of “Hold” and an average target price of $13.45.

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About Arlington Asset Investment

Arlington Asset Investment Corp. (NYSE: AI) is a principal investment firm that currently invests primarily in mortgage-related and other assets. The Company is headquartered in the Washington, DC metropolitan area. For more information, please visit www.arlingtonasset.com.

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Institutional Ownership by Quarter for Arlington Asset Investment (NYSE:AI)

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