Shares of Arlington Asset Investment Corp (NYSE:AI) have earned a consensus recommendation of “Hold” from the seven analysts that are covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $13.75.

Several equities analysts have weighed in on AI shares. Maxim Group reaffirmed a “buy” rating and issued a $14.00 target price (down from $16.00) on shares of Arlington Asset Investment Corp in a research report on Monday, July 24th. Singular Research started coverage on Arlington Asset Investment Corp in a research report on Tuesday, August 1st. They issued a “buy” rating and a $14.25 target price for the company. Zacks Investment Research raised Arlington Asset Investment Corp from a “strong sell” rating to a “hold” rating in a research report on Monday, July 31st. FBR & Co reaffirmed a “hold” rating and issued a $13.00 target price on shares of Arlington Asset Investment Corp in a research report on Friday, October 27th. Finally, BidaskClub upgraded Arlington Asset Investment Corp from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 5th.

Arlington Asset Investment Corp (NYSE AI) opened at $11.00 on Friday. The company has a current ratio of 0.04, a quick ratio of 0.04 and a debt-to-equity ratio of 0.21.

Arlington Asset Investment Corp (NYSE:AI) last announced its quarterly earnings data on Tuesday, October 24th. The financial services provider reported $0.52 earnings per share for the quarter, beating analysts’ consensus estimates of $0.37 by $0.15. Arlington Asset Investment Corp had a negative return on equity of 8.45% and a negative net margin of 27.20%. The company had revenue of $14.87 million for the quarter, compared to analyst estimates of $20.17 million. analysts anticipate that Arlington Asset Investment Corp will post 0.72 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 31st. Shareholders of record on Friday, September 29th were paid a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a yield of 20.00%. The ex-dividend date of this dividend was Thursday, September 28th. Arlington Asset Investment Corp’s dividend payout ratio is currently -150.68%.

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

A number of hedge funds have recently made changes to their positions in the stock. Aperio Group LLC lifted its position in shares of Arlington Asset Investment Corp by 21.3% in 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 in the last quarter. Cetera Investment Advisers purchased a new position in Arlington Asset Investment Corp during the second quarter worth about $970,000. The Manufacturers Life Insurance Company lifted 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 worth $375,000 after buying an additional 9,864 shares during the period. BlueCrest Capital Management Ltd lifted 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 worth $253,000 after buying an additional 8,113 shares during the period. Finally, State Street Corp lifted 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 worth $7,210,000 after buying an additional 45,825 shares during the period. 38.57% of the stock is currently owned by hedge funds and other 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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