Arlington Asset Investment Corp (AI) Receives Consensus Rating of “Hold” from Brokerages

Shares of Arlington Asset Investment Corp (NYSE:AI) have been given a consensus rating of “Hold” by the seven research firms that are presently covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation, two have given a hold recommendation and two have given a buy recommendation to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $13.75.

A number of brokerages have issued reports on AI. 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 reissued a “hold” rating and issued a $13.00 price target on shares of Arlington Asset Investment in a report on Friday, October 27th.

Arlington Asset Investment (NYSE:AI) opened at $12.48 on Friday. 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 has a twelve month low of $10.93 and a twelve month high of $15.80. The company has a market cap of $351.75, a price-to-earnings ratio of -8.55 and a beta of 1.06.

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

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 31st. Shareholders of record on Friday, December 29th will be issued a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a yield of 17.63%. The ex-dividend date of this dividend is Thursday, December 28th. Arlington Asset Investment’s dividend payout ratio (DPR) is presently -150.68%.

In related news, CFO Richard Ernst Konzmann bought 4,000 shares of the company’s stock in a transaction dated Friday, October 27th. The stock was purchased at an average cost of $11.34 per share, with a total value of $45,360.00. Following the transaction, the chief financial officer now owns 11,457 shares in the company, valued at approximately $129,922.38. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO J Rock Tonkel, Jr. bought 5,000 shares of the company’s stock in a transaction dated Friday, November 3rd. The stock was bought at an average cost of $11.00 per share, with a total value of $55,000.00. Following the completion of the transaction, the chief executive officer now owns 327,132 shares in the company, valued at approximately $3,598,452. The disclosure for this purchase can be found here. Over the last ninety days, insiders bought 14,000 shares of company stock valued at $158,660. Corporate insiders own 5.90% of the company’s stock.

Several large investors have recently bought and sold shares of the company. Advisor Group Inc. lifted its position in Arlington Asset Investment by 39.4% during the 2nd quarter. Advisor Group Inc. now owns 8,764 shares of the financial services provider’s stock valued at $121,000 after acquiring an additional 2,475 shares during the period. SG Americas Securities LLC purchased a new position in Arlington Asset Investment during the 3rd quarter valued at about $127,000. PNC Financial Services Group Inc. lifted its position in Arlington Asset Investment by 149.6% during the 2nd quarter. PNC Financial Services Group Inc. now owns 10,534 shares of the financial services provider’s stock valued at $142,000 after acquiring an additional 6,314 shares during the period. BlueCrest Capital Management Ltd lifted its position in Arlington Asset Investment by 78.0% during the 2nd quarter. BlueCrest Capital Management Ltd now owns 18,511 shares of the financial services provider’s stock valued at $253,000 after acquiring an additional 8,113 shares during the period. Finally, Aperio Group LLC lifted its position in Arlington Asset Investment by 88.7% during the 2nd quarter. Aperio Group LLC now owns 19,838 shares of the financial services provider’s stock valued at $271,000 after acquiring an additional 9,324 shares during the period. 37.76% of the stock is owned by hedge funds and other institutional investors.

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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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