Arlington Asset Investment (AI) Upgraded to Hold by ValuEngine

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

A number of other research firms also recently issued reports on AI. FBR & Co restated a hold rating and set a $13.00 price target on shares of Arlington Asset Investment in a research note on Friday, October 27th. Zacks Investment Research downgraded Arlington Asset Investment from a hold rating to a sell rating in a research note on Wednesday, October 25th. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company’s stock. The company has a consensus rating of Hold and an average target price of $13.75.

Arlington Asset Investment (NYSE AI) traded up $0.06 on Wednesday, hitting $11.73. The stock had a trading volume of 336,700 shares, compared to its average volume of 432,546. Arlington Asset Investment has a fifty-two week low of $10.93 and a fifty-two week high of $15.59. The stock has a market cap of $330.09, a P/E ratio of -8.03 and a beta of 1.06. The company has a current ratio of 0.05, a quick ratio of 0.05 and a debt-to-equity ratio of 0.19.

Arlington Asset Investment (NYSE:AI) last released its quarterly earnings data on Tuesday, October 24th. The financial services provider reported $0.52 EPS for the quarter, beating analysts’ consensus estimates of $0.37 by $0.15. The business had revenue of $14.87 million for the quarter, compared to the consensus estimate of $20.17 million. Arlington Asset Investment had a negative return on equity of 8.36% and a negative net margin of 27.20%. analysts forecast that Arlington Asset Investment will post 0.72 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 31st. Shareholders of record on Friday, December 29th will be given a dividend of $0.55 per share. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $2.20 dividend on an annualized basis and a yield of 18.76%. Arlington Asset Investment’s payout ratio is -150.68%.

In other Arlington Asset Investment news, CFO Richard Ernst Konzmann purchased 4,000 shares of Arlington Asset Investment stock in a transaction dated Friday, October 27th. The stock was acquired at an average cost of $11.34 per share, with a total value of $45,360.00. Following the acquisition, the chief financial officer now directly owns 11,457 shares of the company’s stock, valued at $129,922.38. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Ralph S. Michael III purchased 5,000 shares of Arlington Asset Investment stock in a transaction dated Monday, October 30th. The stock was acquired at an average cost of $11.66 per share, with a total value of $58,300.00. Following the completion of the acquisition, the director now directly owns 7,325 shares in the company, valued at $85,409.50. The disclosure for this purchase can be found here. Insiders have acquired a total of 14,000 shares of company stock valued at $158,660 over the last ninety days. 5.90% of the stock is owned by insiders.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Advisor Group Inc. raised its holdings in Arlington Asset Investment by 39.4% during the second quarter. Advisor Group Inc. now owns 8,764 shares of the financial services provider’s stock worth $121,000 after purchasing an additional 2,475 shares during the last quarter. SG Americas Securities LLC acquired a new position in Arlington Asset Investment during the third quarter worth $127,000. PNC Financial Services Group Inc. raised its holdings in Arlington Asset Investment by 149.6% during the second quarter. PNC Financial Services Group Inc. now owns 10,534 shares of the financial services provider’s stock worth $142,000 after purchasing an additional 6,314 shares during the last quarter. BlueCrest Capital Management Ltd raised its holdings in Arlington Asset Investment by 78.0% during the second quarter. BlueCrest Capital Management Ltd now owns 18,511 shares of the financial services provider’s stock worth $253,000 after purchasing an additional 8,113 shares during the last quarter. Finally, Goldman Sachs Group Inc. raised its holdings in Arlington Asset Investment by 9.8% during the second quarter. Goldman Sachs Group Inc. now owns 20,167 shares of the financial services provider’s stock worth $276,000 after purchasing an additional 1,793 shares during the last quarter. 37.76% of the stock is 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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