Arlington Asset Investment (NYSE:AI) Upgraded to “Hold” at Zacks Investment Research

Zacks Investment Research upgraded shares of Arlington Asset Investment (NYSE:AI) from a sell rating to a hold rating in a research report report published on Monday, Zacks.com reports.

According to Zacks, “Arlington Asset Investment Corp. is a principal investment firm that currently invests primarily in mortgage-related and other assets. “

Separately, ValuEngine upgraded shares of Arlington Asset Investment from a sell rating to a hold rating in a research note on Friday, January 3rd. Three analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Arlington Asset Investment has a consensus rating of Hold and an average target price of $14.00.

Shares of AI stock opened at $5.63 on Monday. The firm has a 50-day moving average of $5.74 and a 200-day moving average of $5.80. The company has a market cap of $206.20 million, a P/E ratio of 4.79 and a beta of 1.00. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.02 and a quick ratio of 0.02. Arlington Asset Investment has a one year low of $4.79 and a one year high of $8.91.

Arlington Asset Investment (NYSE:AI) last announced its earnings results on Thursday, November 7th. The financial services provider reported $0.18 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.44 by ($0.26). Arlington Asset Investment had a negative net margin of 30.19% and a positive return on equity of 14.08%. The firm had revenue of $4.69 million during the quarter. As a group, research analysts expect that Arlington Asset Investment will post 0.87 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Tuesday, December 31st will be paid a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a dividend yield of 15.99%. The ex-dividend date is Monday, December 30th. Arlington Asset Investment’s dividend payout ratio (DPR) is presently 43.69%.

Hedge funds and other institutional investors have recently modified their holdings of the stock. State Street Corp boosted its holdings in shares of Arlington Asset Investment by 4.0% during the 3rd quarter. State Street Corp now owns 745,488 shares of the financial services provider’s stock valued at $4,260,000 after buying an additional 28,586 shares in the last quarter. Cetera Advisor Networks LLC bought a new position in Arlington Asset Investment during the 3rd quarter valued at about $61,000. Clear Harbor Asset Management LLC bought a new position in Arlington Asset Investment during the 3rd quarter valued at about $303,000. Rhumbline Advisers lifted its stake in Arlington Asset Investment by 9.6% during the 3rd quarter. Rhumbline Advisers now owns 53,822 shares of the financial services provider’s stock valued at $295,000 after acquiring an additional 4,716 shares during the period. Finally, State of New Jersey Common Pension Fund D purchased a new stake in shares of Arlington Asset Investment during the 3rd quarter valued at about $1,949,000. 51.24% of the stock is currently owned by institutional investors.

Arlington Asset Investment Company Profile

Arlington Asset Investment Corp. (NYSE: AI) is a principal investment firm that currently invests primarily in mortgage-related and other assets. The Company is headquartered in the Washington, DC metropolitan area. For more information, please visit www.arlingtonasset.com.

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