Arlington Asset Investment Corp (NYSE:AI) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Thursday.

According to Zacks, “Arlington Asset Investment Corp. is a principal investment firm that currently invests primarily in mortgage-related and other assets. “

Shares of Arlington Asset Investment Corp (NYSE AI) traded up 0.37% during midday trading on Thursday, hitting $13.69. The stock had a trading volume of 173,323 shares. Arlington Asset Investment Corp has a 52 week low of $13.37 and a 52 week high of $17.13. The firm’s market cap is $323.47 million. The company’s 50 day moving average is $14.24 and its 200 day moving average is $14.47.

Arlington Asset Investment Corp (NYSE:AI) last announced its earnings results on Tuesday, April 25th. The financial services provider reported $0.22 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.21 by $0.01. The company had revenue of $20.28 million for the quarter, compared to analysts’ expectations of $19.54 million. Arlington Asset Investment Corp had a negative return on equity of 1.78% and a negative net margin of 4.51%. On average, equities analysts predict that Arlington Asset Investment Corp will post $2.39 earnings per share for the current fiscal year.

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Hedge funds and other institutional investors have recently bought and sold shares of the company. Aperio Group LLC boosted its position in Arlington Asset Investment Corp by 88.7% in the second quarter. Aperio Group LLC now owns 19,838 shares of the financial services provider’s stock valued at $271,000 after buying an additional 9,324 shares in the last quarter. PVG Asset Management Corp acquired a new position in Arlington Asset Investment Corp during the first quarter valued at $3,901,000. BlueCrest Capital Management Ltd acquired a new position in Arlington Asset Investment Corp during the first quarter valued at $147,000. Bank of America Corp DE boosted its position in Arlington Asset Investment Corp by 22.0% in the first quarter. Bank of America Corp DE now owns 42,231 shares of the financial services provider’s stock valued at $597,000 after buying an additional 7,603 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. boosted its position in Arlington Asset Investment Corp by 5.8% in the first quarter. Schwab Charles Investment Management Inc. now owns 87,524 shares of the financial services provider’s stock valued at $1,237,000 after buying an additional 4,788 shares in the last quarter. 42.68% of the stock is currently owned by institutional investors and hedge funds.

Arlington Asset Investment Corp 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).

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