PVG Asset Management Corp Decreases Stake in Arlington Asset Investment Corp (AI)

PVG Asset Management Corp decreased its position in Arlington Asset Investment Corp (NYSE:AI) by 49.4% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 139,620 shares of the financial services provider’s stock after selling 136,472 shares during the quarter. PVG Asset Management Corp owned 0.54% of Arlington Asset Investment Corp worth $1,909,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Advisor Group Inc. grew its position in shares of Arlington Asset Investment Corp 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 in the last quarter. PNC Financial Services Group Inc. grew its position in shares of Arlington Asset Investment Corp 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 in the last quarter. BlueCrest Capital Management Ltd acquired a new position in shares of Arlington Asset Investment Corp in the 1st quarter worth approximately $147,000. Karp Capital Management Corp acquired a new position in shares of Arlington Asset Investment Corp in the 1st quarter worth approximately $149,000. Finally, SG Americas Securities LLC acquired a new position in shares of Arlington Asset Investment Corp in the 1st quarter worth approximately $179,000. Institutional investors own 38.58% of the company’s stock.

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Several research analysts have recently commented on AI shares. Maxim Group reiterated a “buy” rating and issued a $14.00 target price (down previously 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 set a “buy” rating and a $14.25 price objective for the company. ValuEngine lowered Arlington Asset Investment Corp from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. BidaskClub upgraded Arlington Asset Investment Corp from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 5th. Finally, Zacks Investment Research lowered Arlington Asset Investment Corp from a “hold” rating to a “sell” rating in a research report on Thursday, July 20th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $14.94.

Arlington Asset Investment Corp (AI) traded down 0.47% on Friday, reaching $12.71. The company had a trading volume of 359,190 shares. The company has a 50-day moving average of $12.99 and a 200 day moving average of $13.77. Arlington Asset Investment Corp has a one year low of $12.43 and a one year high of $17.13. The stock’s market cap is $329.82 million.

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 (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.60 by ($0.02). Arlington Asset Investment Corp had a negative return on equity of 10.44% and a negative net margin of 33.84%. The company had revenue of $18.93 million during the quarter, compared to analyst estimates of $20.28 million. On average, equities research analysts predict that Arlington Asset Investment Corp will post $2.31 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 31st. Investors of record on Friday, September 29th will be given a dividend of $0.55 per share. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $2.20 dividend on an annualized basis and a yield of 17.31%. Arlington Asset Investment Corp’s dividend payout ratio (DPR) is presently -146.67%.

Arlington Asset Investment Corp 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).

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

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