Arlington Asset Investment (NYSE:AI) Lowered to Sell at ValuEngine

ValuEngine lowered shares of Arlington Asset Investment (NYSE:AI) from a hold rating to a sell rating in a research report report published on Tuesday, ValuEngine reports.

Other research analysts have also issued research reports about the stock. Echelon Wealth Partners restated a buy rating and set a $14.00 price target on shares of Arlington Asset Investment in a report on Sunday, August 11th. TheStreet downgraded shares of Arlington Asset Investment from a c- rating to a d+ rating in a research report on Friday, August 16th. Finally, Zacks Investment Research lowered shares of Arlington Asset Investment from a hold rating to a sell rating in a research note on Tuesday, November 12th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and one has assigned a buy rating to the company’s stock. The stock has a consensus rating of Hold and an average target price of $14.00.

NYSE AI opened at $5.83 on Tuesday. The business’s 50-day moving average price is $5.74 and its two-hundred day moving average price is $6.05. Arlington Asset Investment has a 12 month low of $4.79 and a 12 month high of $8.91. The firm has a market capitalization of $215.02 million, a PE ratio of 2.83 and a beta of 1.00. The company has a current ratio of 0.02, a quick ratio of 0.02 and a debt-to-equity ratio of 0.27.

Arlington Asset Investment (NYSE:AI) last issued its quarterly earnings data on Thursday, November 7th. The financial services provider reported $0.18 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.44 by ($0.26). Arlington Asset Investment had a positive return on equity of 14.08% and a negative net margin of 30.19%. The company had revenue of $4.69 million for the quarter. As a group, analysts forecast that Arlington Asset Investment will post 0.87 earnings per share for the current fiscal year.

Institutional investors have recently modified their holdings of the business. State Street Corp lifted its stake in shares of Arlington Asset Investment by 4.0% in the 3rd quarter. State Street Corp now owns 745,488 shares of the financial services provider’s stock valued at $4,260,000 after purchasing an additional 28,586 shares during the period. Cetera Advisor Networks LLC acquired a new position in Arlington Asset Investment in the third quarter valued at approximately $61,000. Clear Harbor Asset Management LLC acquired a new position in Arlington Asset Investment in the third quarter valued at approximately $303,000. Rhumbline Advisers boosted its holdings in shares of Arlington Asset Investment by 9.6% during the 3rd quarter. Rhumbline Advisers now owns 53,822 shares of the financial services provider’s stock worth $295,000 after buying an additional 4,716 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D bought a new position in shares of Arlington Asset Investment during the 3rd quarter worth approximately $1,949,000. Hedge funds and other institutional investors own 51.25% of the company’s stock.

About Arlington Asset Investment

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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