KCG Holdings Inc. bought a new position in Arlington Asset Investment Corp (NYSE:AI) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 13,886 shares of the financial services provider’s stock, valued at approximately $196,000.
A number of other institutional investors have also recently made changes to their positions in AI. American International Group Inc. increased its position in shares of Arlington Asset Investment Corp by 7.2% in the first quarter. American International Group Inc. now owns 13,906 shares of the financial services provider’s stock worth $196,000 after buying an additional 937 shares in the last quarter. SG Americas Securities LLC purchased a new position in shares of Arlington Asset Investment Corp during the first quarter worth approximately $179,000. Rational Advisors LLC purchased a new position in shares of Arlington Asset Investment Corp during the first quarter worth approximately $1,940,000. Trexquant Investment LP purchased a new position in shares of Arlington Asset Investment Corp during the first quarter worth approximately $407,000. Finally, Parametric Portfolio Associates LLC increased its position in shares of Arlington Asset Investment Corp by 116.5% in the first quarter. Parametric Portfolio Associates LLC now owns 109,984 shares of the financial services provider’s stock worth $1,554,000 after buying an additional 59,175 shares in the last quarter. Institutional investors and hedge funds own 42.71% of the company’s stock.
Shares of Arlington Asset Investment Corp (AI) remained flat at $13.09 during midday trading on Friday. The stock had a trading volume of 149,613 shares. Arlington Asset Investment Corp has a 12-month low of $12.63 and a 12-month high of $17.13. The stock’s market capitalization is $318.34 million. The firm has a 50 day moving average of $13.91 and a 200 day moving average of $14.34.
Arlington Asset Investment Corp (NYSE:AI) last issued its earnings results on Monday, July 24th. The financial services provider reported $0.58 earnings per share for the quarter, missing the consensus estimate of $0.60 by $0.02. Arlington Asset Investment Corp had a negative return on equity of 10.14% and a negative net margin of 33.84%. The business had revenue of $18.93 million for the quarter, compared to analyst estimates of $20.28 million. On average, equities analysts forecast that Arlington Asset Investment Corp will post $2.31 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Monday, July 31st. Stockholders of record on Friday, June 30th were given a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a dividend yield of 16.81%. The ex-dividend date of this dividend was Wednesday, June 28th. Arlington Asset Investment Corp’s dividend payout ratio (DPR) is presently -146.67%.
A number of brokerages have commented on AI. Zacks Investment Research downgraded shares of Arlington Asset Investment Corp from a “buy” rating to a “hold” rating in a report on Tuesday, June 27th. Maxim Group reiterated a “buy” rating and issued a $14.00 target price (down from $16.00) on shares of Arlington Asset Investment Corp in a report on Monday, July 24th. BidaskClub upgraded shares of Arlington Asset Investment Corp from a “strong sell” rating to a “sell” rating in a report on Saturday. Singular Research began coverage on shares of Arlington Asset Investment Corp in a report on Tuesday. They issued a “buy” rating and a $14.25 target price for the company. Finally, ValuEngine downgraded shares of Arlington Asset Investment Corp from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $15.15.
Arlington Asset Investment Corp Company Profile
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).
Want to see what other hedge funds are holding AI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Arlington Asset Investment Corp (NYSE:AI).
Receive News & Ratings for Arlington Asset Investment Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Arlington Asset Investment Corp and related companies with MarketBeat.com's FREE daily email newsletter.
