Arlington Asset Investment Corp (NYSE:AI) – Research analysts at B. Riley issued their Q1 2019 EPS estimates for Arlington Asset Investment in a research report issued on Thursday. B. Riley analyst J. Levi-Ribner forecasts that the financial services provider will post earnings per share of $0.36 for the quarter. B. Riley also issued estimates for Arlington Asset Investment’s Q2 2019 earnings at $0.36 EPS, Q3 2019 earnings at $0.37 EPS, Q4 2019 earnings at $0.39 EPS and FY2019 earnings at $1.48 EPS.
Several other research firms also recently commented on AI. ValuEngine upgraded Arlington Asset Investment from a “sell” rating to a “hold” rating in a report on Wednesday, January 3rd. FBR & Co restated a “hold” rating and set a $13.00 price objective on shares of Arlington Asset Investment in a report on Friday, October 27th. Finally, Zacks Investment Research downgraded Arlington Asset Investment from a “hold” rating to a “sell” rating in a report on Wednesday, October 25th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $13.75.
Arlington Asset Investment (NYSE AI) opened at $11.91 on Friday. The company has a market capitalization of $335.15, a price-to-earnings ratio of -8.16 and a beta of 1.06. Arlington Asset Investment has a fifty-two week low of $10.93 and a fifty-two week high of $15.51. The company has a current ratio of 0.05, a quick ratio of 0.05 and a debt-to-equity ratio of 0.19.
Arlington Asset Investment (NYSE:AI) last issued its quarterly earnings results on Tuesday, October 24th. The financial services provider reported $0.52 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.15. The firm had revenue of $14.87 million for the quarter, compared to the consensus estimate of $20.17 million. Arlington Asset Investment had a negative return on equity of 8.36% and a negative net margin of 27.20%.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 31st. Shareholders of record on Friday, December 29th will be issued a dividend of $0.55 per share. The ex-dividend date is Thursday, December 28th. This represents a $2.20 annualized dividend and a yield of 18.47%. Arlington Asset Investment’s payout ratio is currently -150.68%.
In other news, CFO Richard Ernst Konzmann acquired 4,000 shares of Arlington Asset Investment stock in a transaction on Friday, October 27th. The shares were bought at an average cost of $11.34 per share, for a total transaction of $45,360.00. Following the acquisition, the chief financial officer now directly owns 11,457 shares of the company’s stock, valued at approximately $129,922.38. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Ralph S. Michael III acquired 5,000 shares of Arlington Asset Investment stock in a transaction on Monday, October 30th. The shares were purchased at an average price of $11.66 per share, for a total transaction of $58,300.00. Following the completion of the acquisition, the director now directly owns 7,325 shares in the company, valued at $85,409.50. The disclosure for this purchase can be found here. Insiders have acquired a total of 14,000 shares of company stock worth $158,660 over the last 90 days. 5.90% of the stock is currently owned by company insiders.
Several large investors have recently made changes to their positions in AI. Schwab Charles Investment Management Inc. increased its holdings in shares of Arlington Asset Investment by 0.6% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 88,056 shares of the financial services provider’s stock valued at $1,204,000 after acquiring an additional 532 shares during the period. Rhumbline Advisers increased its holdings in shares of Arlington Asset Investment by 8.1% in the 2nd quarter. Rhumbline Advisers now owns 27,639 shares of the financial services provider’s stock valued at $378,000 after acquiring an additional 2,070 shares during the period. Prudential Financial Inc. increased its holdings in shares of Arlington Asset Investment by 7.8% in the 2nd quarter. Prudential Financial Inc. now owns 124,804 shares of the financial services provider’s stock valued at $1,706,000 after acquiring an additional 9,000 shares during the period. Neuberger Berman Group LLC increased its holdings in shares of Arlington Asset Investment by 1.5% in the 2nd quarter. Neuberger Berman Group LLC now owns 132,000 shares of the financial services provider’s stock valued at $1,804,000 after acquiring an additional 2,000 shares during the period. Finally, JPMorgan Chase & Co. increased its holdings in shares of Arlington Asset Investment by 2.3% in the 2nd quarter. JPMorgan Chase & Co. now owns 83,850 shares of the financial services provider’s stock valued at $1,147,000 after acquiring an additional 1,847 shares during the period. Institutional investors and hedge funds own 37.76% of the company’s stock.
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Arlington Asset Investment 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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