Shares of Arlington Asset Investment Corp (NYSE:AI) have been assigned an average recommendation of “Hold” from the six ratings firms that are currently covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, two have given a hold recommendation and one has assigned a buy recommendation to the company. The average 12 month price target among analysts that have covered the stock in the last year is $13.13.

A number of research analysts have commented on the stock. ValuEngine lowered shares of Arlington Asset Investment from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 2nd. TheStreet lowered shares of Arlington Asset Investment from a “c” rating to a “d+” rating in a research note on Wednesday, October 24th. Finally, Zacks Investment Research lowered shares of Arlington Asset Investment from a “hold” rating to a “strong sell” rating in a research note on Friday, October 26th.

In other news, insider J Rock Tonkel, Jr. purchased 10,000 shares of the company’s stock in a transaction dated Wednesday, October 3rd. The shares were acquired at an average cost of $8.79 per share, for a total transaction of $87,900.00. Following the completion of the purchase, the insider now directly owns 359,115 shares in the company, valued at approximately $3,156,620.85. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 2.80% of the company’s stock.

Several institutional investors have recently modified their holdings of AI. BlackRock Inc. increased its stake in shares of Arlington Asset Investment by 64.6% during the second quarter. BlackRock Inc. now owns 2,117,622 shares of the financial services provider’s stock worth $21,832,000 after acquiring an additional 831,323 shares during the period. Rational Advisors LLC increased its stake in shares of Arlington Asset Investment by 426.8% during the third quarter. Rational Advisors LLC now owns 104,494 shares of the financial services provider’s stock worth $976,000 after acquiring an additional 84,660 shares during the period. Millennium Management LLC acquired a new position in shares of Arlington Asset Investment during the first quarter worth about $875,000. Renaissance Technologies LLC acquired a new position in shares of Arlington Asset Investment during the third quarter worth about $320,000. Finally, Cubist Systematic Strategies LLC acquired a new position in shares of Arlington Asset Investment during the second quarter worth about $144,000. Institutional investors and hedge funds own 39.34% of the company’s stock.

NYSE AI opened at $8.42 on Wednesday. The company has a current ratio of 1.10, a quick ratio of 0.03 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $262.48 million, a price-to-earnings ratio of 12.76 and a beta of 0.72. Arlington Asset Investment has a one year low of $8.08 and a one year high of $12.67.

Arlington Asset Investment (NYSE:AI) last posted its quarterly earnings data on Tuesday, October 23rd. The financial services provider reported $0.47 EPS for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.06). The business had revenue of $10.34 million during the quarter. Arlington Asset Investment had a negative net margin of 46.83% and a negative return on equity of 12.03%. Equities analysts anticipate that Arlington Asset Investment will post 2.05 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 31st. Stockholders of record on Friday, September 28th were paid a dividend of $0.375 per share. The ex-dividend date of this dividend was Thursday, September 27th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 17.81%. Arlington Asset Investment’s dividend payout ratio (DPR) is 227.27%.

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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