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

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

A number of other research firms have also recently weighed in on AI. Singular Research started 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 price objective for the company. Maxim Group reaffirmed a “buy” rating and set a $14.00 price objective (down previously from $16.00) on shares of Arlington Asset Investment Corp in a research report on Monday, July 24th. FBR & Co reaffirmed a “hold” rating and set a $13.00 price objective on shares of Arlington Asset Investment Corp in a research report on Friday, October 27th. ValuEngine cut shares of Arlington Asset Investment Corp from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. Finally, BidaskClub raised shares of Arlington Asset Investment Corp from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 5th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. Arlington Asset Investment Corp presently has a consensus rating of “Hold” and an average price target of $13.75.

Arlington Asset Investment Corp (NYSE:AI) last posted its quarterly earnings data on Tuesday, October 24th. The financial services provider reported $0.52 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.37 by $0.15. The firm had revenue of $14.87 million during the quarter, compared to analysts’ expectations of $20.17 million. Arlington Asset Investment Corp had a negative net margin of 27.20% and a negative return on equity of 8.45%.

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In other Arlington Asset Investment Corp news, CFO Richard Ernst Konzmann purchased 4,000 shares of the firm’s stock in a transaction on Friday, October 27th. The stock was bought at an average price of $11.34 per share, with a total value of $45,360.00. Following the transaction, the chief financial officer now directly owns 11,457 shares of the company’s stock, valued at approximately $129,922.38. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Ralph S. Michael III purchased 5,000 shares of the firm’s stock in a transaction on Monday, October 30th. The stock was acquired at an average cost of $11.66 per share, with a total value of $58,300.00. Following the transaction, the director now directly owns 7,325 shares in the company, valued at $85,409.50. The disclosure for this purchase can be found here. Company insiders own 5.90% of the company’s stock.

A number of hedge funds have recently modified their holdings of AI. Advisor Group Inc. boosted its position in Arlington Asset Investment Corp by 39.4% in the 2nd quarter. Advisor Group Inc. now owns 8,764 shares of the financial services provider’s stock valued at $121,000 after buying an additional 2,475 shares during the period. PNC Financial Services Group Inc. boosted its position in Arlington Asset Investment Corp by 149.6% in the 2nd quarter. PNC Financial Services Group Inc. now owns 10,534 shares of the financial services provider’s stock valued at $142,000 after buying an additional 6,314 shares during the period. BlueCrest Capital Management Ltd purchased a new position in Arlington Asset Investment Corp in the 1st quarter valued at approximately $147,000. Karp Capital Management Corp purchased a new position in Arlington Asset Investment Corp in the 1st quarter valued at approximately $149,000. Finally, SG Americas Securities LLC purchased a new position in Arlington Asset Investment Corp in the 1st quarter valued at approximately $179,000. 38.57% of the stock is owned by institutional investors.

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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