Alliancebernstein L.P. grew its position in Arlington Asset Investment Corp (NYSE:AI) by 79.2% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 27,600 shares of the financial services provider’s stock after purchasing an additional 12,200 shares during the period. Alliancebernstein L.P. owned about 0.11% of Arlington Asset Investment Corp worth $377,000 at the end of the most recent quarter.
Other hedge funds have also recently modified their holdings of the company. Karp Capital Management Corp acquired a new position in Arlington Asset Investment Corp in the 1st quarter worth about $149,000. KCG Holdings Inc. acquired a new position in Arlington Asset Investment Corp in the 1st quarter worth about $196,000. American International Group Inc. increased its position in Arlington Asset Investment Corp by 7.2% in the 1st quarter. American International Group Inc. now owns 13,906 shares of the financial services provider’s stock worth $196,000 after purchasing an additional 937 shares during the last quarter. Aperio Group LLC increased its holdings in shares of Arlington Asset Investment Corp 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 last quarter. Finally, Eagle Global Advisors LLC acquired a new position in shares of Arlington Asset Investment Corp during the 2nd quarter valued at about $366,000. 38.08% of the stock is currently owned by institutional investors.
Arlington Asset Investment Corp (NYSE AI) opened at $11.41 on Friday. 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 Corp has a 52-week low of $10.93 and a 52-week high of $17.13.
Arlington Asset Investment Corp (NYSE:AI) last posted its earnings results on Tuesday, October 24th. The financial services provider reported $0.52 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.37 by $0.15. The business had revenue of $14.87 million during the quarter, compared to the consensus estimate of $20.17 million. Arlington Asset Investment Corp had a negative return on equity of 8.36% and a negative net margin of 27.20%.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 31st. Investors of record on Friday, September 29th were issued a dividend of $0.55 per share. The ex-dividend date of this dividend was Thursday, September 28th. This represents a $2.20 dividend on an annualized basis and a yield of 19.28%. Arlington Asset Investment Corp’s dividend payout ratio is -150.68%.
In related news, Director Ralph S. Michael III acquired 5,000 shares of the firm’s stock in a transaction that occurred on Monday, October 30th. The stock was acquired at an average cost 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 purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Richard Ernst Konzmann acquired 4,000 shares of the firm’s stock in a transaction that occurred on Friday, October 27th. The shares were bought at an average cost of $11.34 per share, with a total value of $45,360.00. Following the completion of the purchase, the chief financial officer now owns 11,457 shares of the company’s stock, valued at $129,922.38. The disclosure for this purchase can be found here. Insiders have purchased a total of 14,000 shares of company stock valued at $158,660 over the last ninety days. Insiders own 5.90% of the company’s stock.
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A number of research analysts have recently commented on the company. Maxim Group reissued a “buy” rating and set a $14.00 price objective (down previously from $16.00) on shares of Arlington Asset Investment Corp in a report on Monday, July 24th. Zacks Investment Research lowered Arlington Asset Investment Corp from a “hold” rating to a “sell” rating in a report on Thursday, July 20th. BidaskClub raised Arlington Asset Investment Corp from a “strong sell” rating to a “sell” rating in a report on Saturday, August 5th. Singular Research initiated coverage on Arlington Asset Investment Corp in a report on Tuesday, August 1st. They issued a “buy” rating and a $14.25 target price on the stock. Finally, ValuEngine lowered Arlington Asset Investment Corp from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. Arlington Asset Investment Corp presently has a consensus rating of “Hold” and an average target price of $13.75.
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).
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