Arlington Asset Investment (AI) Trading 1.2% Higher

Arlington Asset Investment Corp (NYSE:AI)’s share price traded up 1.2% on Thursday . The stock traded as high as $11.00 and last traded at $10.85. 461,544 shares changed hands during trading, a decline of 18% from the average session volume of 560,404 shares. The stock had previously closed at $10.73.

Several equities research analysts have issued reports on AI shares. B. Riley decreased their price target on shares of Arlington Asset Investment from $13.00 to $12.00 and set a “neutral” rating on the stock in a research note on Thursday. ValuEngine raised shares of Arlington Asset Investment from a “sell” rating to a “hold” rating in a research note on Wednesday, January 3rd. Zacks Investment Research cut shares of Arlington Asset Investment from a “hold” rating to a “sell” rating in a research note on Wednesday, October 25th. Finally, FBR & Co reaffirmed a “hold” rating and set a $13.00 price target on shares of Arlington Asset Investment in a research note on Friday, October 27th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $13.45.

The stock has a market cap of $303.92, a P/E ratio of 18.62 and a beta of 0.83. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.05 and a quick ratio of 0.05.

Arlington Asset Investment (NYSE:AI) last released its quarterly earnings results on Tuesday, February 6th. The financial services provider reported $0.58 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.20 by $0.38. Arlington Asset Investment had a net margin of 14.42% and a return on equity of 4.71%. The company had revenue of $15.66 million for the quarter, compared to analysts’ expectations of $18.14 million. equities research analysts forecast that Arlington Asset Investment Corp will post 1.47 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 31st. Shareholders of record on Friday, December 29th were paid a dividend of $0.55 per share. The ex-dividend date was Thursday, December 28th. This represents a $2.20 annualized dividend and a dividend yield of 20.37%. Arlington Asset Investment’s dividend payout ratio is currently 379.31%.

Several institutional investors and hedge funds have recently added to or reduced their stakes in AI. Cetera Investment Advisers acquired a new stake in shares of Arlington Asset Investment in the second quarter worth approximately $970,000. State Street Corp boosted its position in shares of Arlington Asset Investment by 9.5% in the second quarter. State Street Corp now owns 527,373 shares of the financial services provider’s stock worth $7,210,000 after acquiring an additional 45,825 shares during the last quarter. Trexquant Investment LP acquired a new stake in shares of Arlington Asset Investment in the third quarter worth approximately $377,000. Rational Advisors LLC boosted its position in shares of Arlington Asset Investment by 38.4% in the fourth quarter. Rational Advisors LLC now owns 95,434 shares of the financial services provider’s stock worth $1,125,000 after acquiring an additional 26,500 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. boosted its position in shares of Arlington Asset Investment by 14.0% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 111,146 shares of the financial services provider’s stock worth $1,310,000 after acquiring an additional 13,680 shares during the last quarter. 37.77% of the stock is currently 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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