Arlington Asset Investment (NYSE:AI) posted its quarterly earnings results on Thursday. The financial services provider reported $0.18 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.44 by ($0.26), Fidelity Earnings reports. Arlington Asset Investment had a positive return on equity of 15.96% and a negative net margin of 27.63%. The business had revenue of $4.69 million during the quarter.
Shares of AI traded up $0.02 during mid-day trading on Friday, hitting $5.78. 562,749 shares of the stock were exchanged, compared to its average volume of 447,914. The company has a market cap of $211.90 million, a PE ratio of 2.81 and a beta of 1.01. Arlington Asset Investment has a 52-week low of $4.79 and a 52-week high of $8.91. The firm has a 50-day moving average of $5.60 and a two-hundred day moving average of $6.29. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.17 and a current ratio of 0.17.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Monday, September 30th were issued a dividend of $0.225 per share. The ex-dividend date of this dividend was Friday, September 27th. This represents a $0.90 annualized dividend and a dividend yield of 15.57%. Arlington Asset Investment’s dividend payout ratio (DPR) is 43.69%.
Several research analysts have weighed in on AI shares. ValuEngine upgraded Arlington Asset Investment from a “sell” rating to a “hold” rating in a research note on Friday, November 1st. Zacks Investment Research raised Arlington Asset Investment from a “strong sell” rating to a “hold” rating in a report on Tuesday, October 8th. TD Securities upped their price objective on Arlington Asset Investment from $13.50 to $14.00 and gave the stock a “hold” rating in a report on Monday, October 21st. Echelon Wealth Partners reaffirmed a “buy” rating and set a $14.00 price objective on shares of Arlington Asset Investment in a report on Sunday, August 11th. Finally, TheStreet cut Arlington Asset Investment from a “c-” rating to a “d+” rating in a report on Friday, August 16th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. Arlington Asset Investment currently has a consensus rating of “Hold” and an average target price of $14.00.
Arlington Asset Investment Company Profile
Arlington Asset Investment Corp. (NYSE: AI) is a principal investment firm that currently invests primarily in mortgage-related and other assets. The Company is headquartered in the Washington, DC metropolitan area. For more information, please visit www.arlingtonasset.com.
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