Arlington Asset Investment (NYSE:AI) Stock Price Down 5.2%

Arlington Asset Investment Corp (NYSE:AI) shares traded down 5.2% on Tuesday . The stock traded as low as $6.18 and last traded at $6.24, 513,100 shares changed hands during trading. An increase of 21% from the average session volume of 425,112 shares. The stock had previously closed at $6.58.

Several equities research analysts have recently weighed in on the stock. ValuEngine upgraded shares of Arlington Asset Investment from a “sell” rating to a “hold” rating in a research report on Friday, January 3rd. TheStreet upgraded shares of Arlington Asset Investment from a “d+” rating to a “c” rating in a research report on Tuesday, February 18th. Finally, Zacks Investment Research cut shares of Arlington Asset Investment from a “hold” rating to a “sell” rating in a research report on Tuesday. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $14.00.

The firm has a market capitalization of $213.40 million, a P/E ratio of 17.35 and a beta of 1.02. The company’s 50 day moving average is $5.88 and its 200-day moving average is $5.67. The company has a quick ratio of 0.02, a current ratio of 0.04 and a debt-to-equity ratio of 0.26.

Arlington Asset Investment (NYSE:AI) last issued its earnings results on Tuesday, February 18th. The financial services provider reported $0.18 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.44 by ($0.26). The company had revenue of $7.04 million for the quarter. Arlington Asset Investment had a return on equity of 11.80% and a net margin of 11.13%. On average, analysts predict that Arlington Asset Investment Corp will post 0.85 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Monday, February 3rd. Investors of record on Tuesday, December 31st were paid a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a yield of 15.25%. The ex-dividend date was Monday, December 30th. Arlington Asset Investment’s dividend payout ratio is presently 101.12%.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Bank of Montreal Can boosted its stake in Arlington Asset Investment by 61.6% during the fourth quarter. Bank of Montreal Can now owns 5,108 shares of the financial services provider’s stock worth $29,000 after acquiring an additional 1,947 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Arlington Asset Investment by 1.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 221,535 shares of the financial services provider’s stock worth $1,234,000 after acquiring an additional 2,569 shares in the last quarter. Rhumbline Advisers boosted its stake in Arlington Asset Investment by 9.6% during the third quarter. Rhumbline Advisers now owns 53,822 shares of the financial services provider’s stock worth $295,000 after acquiring an additional 4,716 shares in the last quarter. Tower Research Capital LLC TRC bought a new position in Arlington Asset Investment during the fourth quarter worth $37,000. Finally, State Street Corp boosted its stake in Arlington Asset Investment by 1.1% during the fourth quarter. State Street Corp now owns 753,316 shares of the financial services provider’s stock worth $4,365,000 after acquiring an additional 7,828 shares in the last quarter. 46.89% of the stock is currently owned by institutional investors and hedge funds.

Arlington Asset Investment Company Profile (NYSE:AI)

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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