Icon Advisers Inc. Co. Acquires New Holdings in Arlington Asset Investment Corp (AI)

Icon Advisers Inc. Co. acquired a new stake in shares of Arlington Asset Investment Corp (NYSE:AI) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 107,600 shares of the financial services provider’s stock, valued at approximately $1,471,000. Icon Advisers Inc. Co. owned 0.44% of Arlington Asset Investment Corp at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. BlueCrest Capital Management Ltd bought a new position in shares of Arlington Asset Investment Corp in the first quarter worth $147,000. Karp Capital Management Corp bought a new position in shares of Arlington Asset Investment Corp in the first quarter worth $149,000. SG Americas Securities LLC bought a new position in shares of Arlington Asset Investment Corp in the first quarter worth $179,000. KCG Holdings Inc. bought a new position in shares of Arlington Asset Investment Corp in the first quarter worth $196,000. Finally, American International Group Inc. boosted its holdings in shares of Arlington Asset Investment Corp by 7.2% in the first quarter. American International Group Inc. now owns 13,906 shares of the financial services provider’s stock worth $196,000 after acquiring an additional 937 shares during the period. 38.58% of the stock is owned by institutional investors and hedge funds.

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Shares of Arlington Asset Investment Corp (NYSE:AI) opened at 13.17 on Friday. The company’s market cap is $341.76 million. Arlington Asset Investment Corp has a 1-year low of $12.62 and a 1-year high of $17.13. The company’s 50-day moving average price is $12.99 and its 200 day moving average price is $13.89.

Arlington Asset Investment Corp (NYSE:AI) last issued its earnings results on Monday, July 24th. The financial services provider reported $0.58 earnings per share for the quarter, missing the consensus estimate of $0.60 by ($0.02). The firm had revenue of $18.93 million during the quarter, compared to the consensus estimate of $20.28 million. Arlington Asset Investment Corp had a negative return on equity of 10.44% and a negative net margin of 33.84%. On average, analysts predict that Arlington Asset Investment Corp will post $2.31 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 31st. Investors of record on Friday, September 29th will be issued a $0.55 dividend. This represents a $2.20 annualized dividend and a yield of 16.70%. The ex-dividend date is Thursday, September 28th. Arlington Asset Investment Corp’s dividend payout ratio is currently -146.67%.

A number of research firms have recently commented on AI. ValuEngine lowered Arlington Asset Investment Corp from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. Zacks Investment Research raised Arlington Asset Investment Corp from a “strong sell” rating to a “hold” rating in a report on Monday, July 31st. Singular Research began coverage on Arlington Asset Investment Corp in a report on Tuesday, August 1st. They issued a “buy” rating and a $14.25 price target for the company. BidaskClub raised Arlington Asset Investment Corp from a “strong sell” rating to a “sell” rating in a report on Saturday, August 5th. Finally, Maxim Group reaffirmed a “buy” rating and issued a $14.00 price target (down from $16.00) on shares of Arlington Asset Investment Corp in a report on Monday, July 24th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $15.15.

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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Institutional Ownership by Quarter for Arlington Asset Investment Corp (NYSE:AI)

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