Arlington Asset Investment Corp (NYSE:AI) CFO Richard Ernst Konzmann bought 1,500 shares of Arlington Asset Investment stock in a transaction that occurred on Friday, February 9th. The shares were acquired at an average cost of $10.65 per share, for a total transaction of $15,975.00. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink.
Arlington Asset Investment Corp (NYSE AI) traded up $0.21 during mid-day trading on Tuesday, hitting $10.89. 621,518 shares of the company traded hands, compared to its average volume of 606,013. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.05 and a current ratio of 0.05. Arlington Asset Investment Corp has a 52 week low of $9.90 and a 52 week high of $15.24. The company has a market cap of $306.45, a price-to-earnings ratio of 18.78 and a beta of 0.83.
Arlington Asset Investment (NYSE:AI) last released its earnings results on Tuesday, February 6th. The financial services provider reported $0.58 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.20 by $0.38. Arlington Asset Investment had a net margin of 14.42% and a return on equity of 4.71%. The company had revenue of $15.66 million for the quarter, compared to analyst estimates of $18.14 million. equities analysts predict that Arlington Asset Investment Corp will post 1.47 earnings per share for the current fiscal year.
Several equities analysts recently commented on the stock. Zacks Investment Research lowered shares of Arlington Asset Investment from a “hold” rating to a “sell” rating in a report on Wednesday, October 25th. ValuEngine raised shares of Arlington Asset Investment from a “sell” rating to a “hold” rating in a report on Wednesday, January 3rd. FBR & Co reaffirmed a “hold” rating and set a $13.00 target price on shares of Arlington Asset Investment in a report on Friday, October 27th. Finally, B. Riley reduced their target price on shares of Arlington Asset Investment from $13.00 to $12.00 and set a “neutral” rating on the stock in a report on Thursday, February 8th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $13.45.
A number of institutional investors have recently made changes to their positions in AI. Advisor Group Inc. grew its holdings in Arlington Asset Investment by 39.4% in the 2nd quarter. Advisor Group Inc. now owns 8,764 shares of the financial services provider’s stock worth $121,000 after acquiring an additional 2,475 shares during the last quarter. SG Americas Securities LLC bought a new stake in Arlington Asset Investment in the 3rd quarter worth $127,000. PNC Financial Services Group Inc. grew its holdings in Arlington Asset Investment by 149.6% in the 2nd quarter. PNC Financial Services Group Inc. now owns 10,534 shares of the financial services provider’s stock worth $142,000 after acquiring an additional 6,314 shares during the last quarter. Arrowstreet Capital Limited Partnership bought a new stake in Arlington Asset Investment in the 4th quarter worth $143,000. Finally, Assetmark Inc. bought a new stake in Arlington Asset Investment in the 4th quarter worth $168,000. 39.62% of the stock is currently owned by institutional investors and hedge funds.
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About Arlington Asset Investment
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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