Arlington Asset Investment Corp (NYSE:AI) was upgraded by equities researchers at BidaskClub from a “strong sell” rating to a “sell” rating in a note issued to investors on Saturday.

Other equities analysts have also recently issued reports about the company. Zacks Investment Research upgraded Arlington Asset Investment Corp from a “strong sell” rating to a “hold” rating in a report on Monday, July 31st. ValuEngine cut Arlington Asset Investment Corp from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. Singular Research assumed coverage on Arlington Asset Investment Corp in a report on Tuesday. They issued a “buy” rating and a $14.25 target price on the stock. Finally, Maxim Group restated a “buy” rating and issued a $14.00 target price (down from $16.00) on shares of Arlington Asset Investment Corp in a report on Monday, July 24th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $15.15.

Shares of Arlington Asset Investment Corp (NYSE:AI) remained flat at $13.09 on Friday. The company’s stock had a trading volume of 149,613 shares. Arlington Asset Investment Corp has a 12-month low of $12.63 and a 12-month high of $17.13. The company’s market cap is $318.34 million. The firm has a 50 day moving average of $13.91 and a 200 day moving average of $14.34.

Arlington Asset Investment Corp (NYSE:AI) last issued its earnings results on Monday, July 24th. The financial services provider reported $0.58 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.60 by $0.02. The company had revenue of $18.93 million during the quarter, compared to analyst estimates of $20.28 million. Arlington Asset Investment Corp had a negative return on equity of 10.14% and a negative net margin of 33.84%. Equities analysts expect that Arlington Asset Investment Corp will post $2.31 earnings per share for the current fiscal year.

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Several hedge funds have recently modified their holdings of AI. PVG Asset Management Corp acquired a new stake in shares of Arlington Asset Investment Corp during the first quarter valued at approximately $3,901,000. Rational Advisors LLC acquired a new stake in shares of Arlington Asset Investment Corp during the first quarter valued at approximately $1,940,000. Vanguard Group Inc. boosted its stake in shares of Arlington Asset Investment Corp by 12.1% in the first quarter. Vanguard Group Inc. now owns 1,093,596 shares of the financial services provider’s stock valued at $15,453,000 after buying an additional 118,288 shares during the period. Norges Bank acquired a new stake in shares of Arlington Asset Investment Corp during the fourth quarter valued at approximately $888,000. Finally, Parametric Portfolio Associates LLC boosted its stake in shares of Arlington Asset Investment Corp by 116.5% in the first quarter. Parametric Portfolio Associates LLC now owns 109,984 shares of the financial services provider’s stock valued at $1,554,000 after buying an additional 59,175 shares during the period. 42.71% of the stock is owned by institutional investors and hedge funds.

About Arlington Asset Investment Corp

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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