Arlington Asset Investment (AI) Upgraded at ValuEngine

ValuEngine upgraded shares of Arlington Asset Investment (NYSE:AI) from a sell rating to a hold rating in a research report released on Wednesday.

A number of other analysts also recently issued reports on the stock. Zacks Investment Research raised shares of Arlington Asset Investment from a sell rating to a hold rating in a report on Thursday, November 2nd. FBR & Co reaffirmed a hold rating and set a $13.00 price target on shares of Arlington Asset Investment in a report on Friday, October 27th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average target price of $13.75.

Shares of Arlington Asset Investment (NYSE:AI) opened at $11.75 on Wednesday. The firm has a market cap of $330.65, a PE ratio of -8.05 and a beta of 1.06. 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 has a 12 month low of $10.93 and a 12 month high of $15.59.

Arlington Asset Investment (NYSE:AI) last released its quarterly earnings data on Tuesday, October 24th. The financial services provider reported $0.52 earnings per share for the quarter, beating analysts’ consensus estimates of $0.37 by $0.15. The business 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%. equities research analysts predict that Arlington Asset Investment will post 0.72 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 31st. Stockholders of record on Friday, December 29th will be issued a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a dividend yield of 18.72%. The ex-dividend date of this dividend is Thursday, December 28th. Arlington Asset Investment’s payout ratio is presently -150.68%.

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

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Schwab Charles Investment Management Inc. boosted its holdings in shares of Arlington Asset Investment by 0.6% in the second quarter. Schwab Charles Investment Management Inc. now owns 88,056 shares of the financial services provider’s stock worth $1,204,000 after buying an additional 532 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of Arlington Asset Investment by 9.8% in the second quarter. Goldman Sachs Group Inc. now owns 20,167 shares of the financial services provider’s stock worth $276,000 after buying an additional 1,793 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Arlington Asset Investment by 2.3% in the second quarter. JPMorgan Chase & Co. now owns 83,850 shares of the financial services provider’s stock worth $1,147,000 after buying an additional 1,847 shares during the last quarter. Neuberger Berman Group LLC boosted its holdings in shares of Arlington Asset Investment by 1.5% in the second quarter. Neuberger Berman Group LLC now owns 132,000 shares of the financial services provider’s stock worth $1,804,000 after buying an additional 2,000 shares during the last quarter. Finally, Rhumbline Advisers boosted its holdings in shares of Arlington Asset Investment by 8.1% in the second quarter. Rhumbline Advisers now owns 27,639 shares of the financial services provider’s stock worth $378,000 after buying an additional 2,070 shares during the last quarter. 37.76% of the stock is currently owned by institutional investors.

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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).

To view ValuEngine’s full report, visit ValuEngine’s official website.

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