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.
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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