Arlington Asset Investment Corp (NYSE:AI) – B. Riley dropped their FY2017 EPS estimates for shares of Arlington Asset Investment in a report released on Thursday. B. Riley analyst J. Levi-Ribner now forecasts that the financial services provider will earn $0.61 per share for the year, down from their previous forecast of $0.72. B. Riley also issued estimates for Arlington Asset Investment’s Q4 2017 earnings at $0.20 EPS, Q1 2018 earnings at $0.36 EPS, Q2 2018 earnings at $0.37 EPS, Q3 2018 earnings at $0.35 EPS, Q4 2018 earnings at $0.39 EPS and FY2018 earnings at $1.47 EPS.
Arlington Asset Investment (NYSE:AI) last announced its quarterly earnings data on Tuesday, October 24th. The financial services provider reported $0.52 earnings per share for the quarter, topping analysts’ consensus estimates of $0.37 by $0.15. The company 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%.
Shares of Arlington Asset Investment (AI) opened at $11.91 on Monday. The firm has a market cap of $335.16, a price-to-earnings ratio of -8.16 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 $15.51.
Several large investors have recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in shares of Arlington Asset Investment by 1.0% in the 2nd quarter. Vanguard Group Inc. now owns 1,104,793 shares of the financial services provider’s stock worth $15,102,000 after purchasing an additional 11,197 shares in the last quarter. State Street Corp increased its stake in shares of Arlington Asset Investment by 9.5% in the 2nd quarter. State Street Corp now owns 527,373 shares of the financial services provider’s stock worth $7,210,000 after purchasing an additional 45,825 shares in the last quarter. Prudential Financial Inc. increased its stake in shares of Arlington Asset Investment by 7.8% in the 2nd quarter. Prudential Financial Inc. now owns 124,804 shares of the financial services provider’s stock worth $1,706,000 after purchasing an additional 9,000 shares in the last quarter. Icon Advisers Inc. Co. purchased a new stake in shares of Arlington Asset Investment in the 2nd quarter worth $1,471,000. Finally, Schwab Charles Investment Management Inc. increased its stake in shares of Arlington Asset Investment by 10.7% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 97,466 shares of the financial services provider’s stock worth $1,241,000 after purchasing an additional 9,410 shares in the last quarter. Hedge funds and other institutional investors own 37.76% of the company’s stock.
In related news, CFO Richard Ernst Konzmann acquired 4,000 shares of Arlington Asset Investment stock in a transaction dated Friday, October 27th. The stock was purchased at an average cost of $11.34 per share, for a total transaction of $45,360.00. Following the purchase, the chief financial officer now directly owns 11,457 shares of the company’s stock, valued at approximately $129,922.38. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Ralph S. Michael III acquired 5,000 shares of Arlington Asset Investment stock in a transaction dated Monday, October 30th. The stock was bought at an average price of $11.66 per share, with a total value of $58,300.00. Following the completion of the purchase, 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. Over the last quarter, insiders have acquired 14,000 shares of company stock valued at $158,660. Company insiders own 5.90% of the company’s stock.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 31st. Shareholders of record on Friday, December 29th will be paid 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 18.47%. Arlington Asset Investment’s dividend payout ratio is presently -150.68%.
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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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