Arlington Asset Investment Corp (NYSE:AI) Director Ralph S. Michael III purchased 5,000 shares of Arlington Asset Investment Corp stock in a transaction dated Monday, October 30th. The stock was bought at an average price of $11.66 per share, for a total transaction of $58,300.00. Following the completion of the purchase, the director now owns 7,325 shares in the company, valued at approximately $85,409.50. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Arlington Asset Investment Corp (NYSE AI) traded down 0.579% during midday trading on Tuesday, reaching $11.503. 134,618 shares of the company traded hands. The company’s market capitalization is $298.50 million. The stock’s 50 day moving average is $12.78 and its 200 day moving average is $13.56. Arlington Asset Investment Corp has a one year low of $11.28 and a one year high of $17.13.

Arlington Asset Investment Corp (NYSE:AI) last issued its quarterly earnings results on Tuesday, October 24th. The financial services provider reported $0.52 EPS for the quarter, beating analysts’ consensus estimates of $0.37 by $0.15. Arlington Asset Investment Corp had a negative net margin of 27.20% and a negative return on equity of 8.45%. The business had revenue of $14.87 million for the quarter, compared to analysts’ expectations of $20.17 million. On average, equities analysts anticipate that Arlington Asset Investment Corp will post $2.26 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 31st. Shareholders of record on Friday, September 29th will be given a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a yield of 19.01%. The ex-dividend date of this dividend is Thursday, September 28th. Arlington Asset Investment Corp’s payout ratio is currently -150.68%.

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A number of hedge funds and other institutional investors have recently modified their holdings of the business. Aperio Group LLC grew its position in Arlington Asset Investment Corp by 21.3% during the third quarter. Aperio Group LLC now owns 24,066 shares of the financial services provider’s stock valued at $306,000 after acquiring an additional 4,228 shares during the last quarter. Cetera Investment Advisers bought a new position in Arlington Asset Investment Corp during the second quarter valued at approximately $970,000. The Manufacturers Life Insurance Company grew its position in Arlington Asset Investment Corp by 56.3% during the second quarter. The Manufacturers Life Insurance Company now owns 27,380 shares of the financial services provider’s stock valued at $375,000 after acquiring an additional 9,864 shares during the last quarter. BlueCrest Capital Management Ltd grew its position in Arlington Asset Investment Corp by 78.0% during the second quarter. BlueCrest Capital Management Ltd now owns 18,511 shares of the financial services provider’s stock valued at $253,000 after acquiring an additional 8,113 shares during the last quarter. Finally, State Street Corp grew its position in Arlington Asset Investment Corp by 9.5% during the second quarter. State Street Corp now owns 527,373 shares of the financial services provider’s stock valued at $7,210,000 after acquiring an additional 45,825 shares during the last quarter. Institutional investors and hedge funds own 38.57% of the company’s stock.

A number of research firms have recently weighed in on AI. FBR & Co restated a “hold” rating and issued a $13.00 price target on shares of Arlington Asset Investment Corp in a research note on Friday. Zacks Investment Research downgraded shares of Arlington Asset Investment Corp from a “hold” rating to a “sell” rating in a research report on Wednesday, October 25th. ValuEngine downgraded shares of Arlington Asset Investment Corp from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. Singular Research initiated coverage on shares of Arlington Asset Investment Corp in a research report on Tuesday, August 1st. They set a “buy” rating and a $14.25 target price on the stock. Finally, BidaskClub upgraded shares of Arlington Asset Investment Corp from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 5th. Three investment analysts have rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $13.75.

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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