Arlington Asset Investment Corp (AI) Receives Consensus Recommendation of “Buy” from Analysts

Arlington Asset Investment Corp (NYSE:AI) has been assigned an average recommendation of “Buy” from the seven ratings firms that are covering the stock, Marketbeat reports. One analyst has rated the stock with a sell rating, two have given a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $13.81.

Several analysts recently commented on AI shares. ValuEngine raised shares of Arlington Asset Investment from a “sell” rating to a “hold” rating in a research note on Wednesday, January 3rd. Zacks Investment Research raised shares of Arlington Asset Investment from a “sell” rating to a “hold” rating in a research note on Thursday, November 2nd. Finally, FBR & Co reissued a “hold” rating and set a $13.00 target price on shares of Arlington Asset Investment in a research note on Friday, October 27th.

Shares of Arlington Asset Investment (NYSE:AI) opened at $11.86 on Thursday. The firm has a market cap of $333.75, a P/E ratio of -8.12 and a beta of 1.06. Arlington Asset Investment has a one year low of $10.93 and a one year high of $15.51. The company has a quick ratio of 0.05, a current ratio of 0.05 and a debt-to-equity ratio of 0.19.

Arlington Asset Investment (NYSE:AI) last issued its quarterly earnings results on Tuesday, October 24th. The financial services provider reported $0.52 earnings per share for the quarter, topping analysts’ consensus estimates of $0.37 by $0.15. The company had revenue of $14.87 million during the quarter, compared to analyst estimates of $20.17 million. Arlington Asset Investment had a negative net margin of 27.20% and a negative return on equity of 8.36%. research analysts anticipate that Arlington Asset Investment will post 0.61 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 31st. Investors of record on Friday, December 29th will be paid a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a yield of 18.55%. The ex-dividend date is Thursday, December 28th. Arlington Asset Investment’s dividend payout ratio is presently -150.68%.

In other news, CFO Richard Ernst Konzmann purchased 4,000 shares of Arlington Asset Investment stock in a transaction that occurred on Friday, October 27th. The stock was acquired at an average price of $11.34 per share, for a total transaction of $45,360.00. Following the transaction, the chief financial officer now owns 11,457 shares in the company, valued at $129,922.38. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO J Rock Tonkel, Jr. purchased 5,000 shares of Arlington Asset Investment stock in a transaction that occurred on Friday, November 3rd. The stock was purchased at an average price of $11.00 per share, with a total value of $55,000.00. Following the transaction, the chief executive officer now owns 327,132 shares in the company, valued at approximately $3,598,452. The disclosure for this purchase can be found here. Over the last three months, insiders have purchased 14,000 shares of company stock valued at $158,660. Company insiders own 5.90% of the company’s stock.

Several large investors have recently modified their holdings of the stock. Schwab Charles Investment Management Inc. increased its stake in Arlington Asset Investment by 0.6% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 88,056 shares of the financial services provider’s stock valued at $1,204,000 after buying an additional 532 shares during the period. Rhumbline Advisers increased its stake in Arlington Asset Investment by 8.1% in the 2nd quarter. Rhumbline Advisers now owns 27,639 shares of the financial services provider’s stock valued at $378,000 after buying an additional 2,070 shares during the period. Prudential Financial Inc. increased its stake in Arlington Asset Investment by 7.8% in the 2nd quarter. Prudential Financial Inc. now owns 124,804 shares of the financial services provider’s stock valued at $1,706,000 after buying an additional 9,000 shares during the period. JPMorgan Chase & Co. increased its stake in Arlington Asset Investment by 2.3% in the 2nd quarter. JPMorgan Chase & Co. now owns 83,850 shares of the financial services provider’s stock valued at $1,147,000 after buying an additional 1,847 shares during the period. Finally, Alliancebernstein L.P. increased its stake in Arlington Asset Investment by 79.2% in the 2nd quarter. Alliancebernstein L.P. now owns 27,600 shares of the financial services provider’s stock valued at $377,000 after buying an additional 12,200 shares during the period. Institutional investors and hedge funds own 37.76% of the company’s stock.

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Arlington Asset Investment 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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