Arlington Asset Investment Corp (AI) Shares Bought by Aperio Group LLC
Aperio Group LLC increased its stake in shares of Arlington Asset Investment Corp (NYSE:AI) by 21.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,066 shares of the financial services provider’s stock after acquiring an additional 4,228 shares during the quarter. Aperio Group LLC owned about 0.09% of Arlington Asset Investment worth $306,000 at the end of the most recent quarter.
Other large investors also recently made changes to their positions in the company. Vanguard Group Inc. grew its position in Arlington Asset Investment by 1.0% during the 2nd quarter. Vanguard Group Inc. now owns 1,104,793 shares of the financial services provider’s stock worth $15,102,000 after purchasing an additional 11,197 shares during the last quarter. State Street Corp grew its position in Arlington Asset Investment by 9.5% during the 2nd quarter. State Street Corp now owns 527,373 shares of the financial services provider’s stock worth $7,210,000 after purchasing an additional 45,825 shares during the last quarter. Geode Capital Management LLC grew its position in Arlington Asset Investment by 14.3% during the 1st quarter. Geode Capital Management LLC now owns 185,793 shares of the financial services provider’s stock worth $2,625,000 after purchasing an additional 23,312 shares during the last quarter. Neuberger Berman Group LLC grew its position in Arlington Asset Investment by 1.5% during the 2nd quarter. Neuberger Berman Group LLC now owns 132,000 shares of the financial services provider’s stock worth $1,804,000 after purchasing an additional 2,000 shares during the last quarter. Finally, Prudential Financial Inc. grew its position in Arlington Asset Investment by 7.8% during the 2nd quarter. Prudential Financial Inc. now owns 124,804 shares of the financial services provider’s stock worth $1,706,000 after purchasing an additional 9,000 shares during the last quarter. Hedge funds and other institutional investors own 33.96% of the company’s stock.
Several research analysts have issued reports on the stock. Zacks Investment Research raised shares of Arlington Asset Investment from a “sell” rating to a “hold” rating in a research report on Thursday, November 2nd. FBR & Co reissued a “hold” rating and set a $13.00 price objective on shares of Arlington Asset Investment in a research report on Friday, October 27th. BidaskClub raised shares of Arlington Asset Investment from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 5th. Finally, Singular Research assumed coverage on shares of Arlington Asset Investment in a research report on Tuesday, August 1st. They set a “buy” rating and a $14.25 price objective on the stock. Two analysts have rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. Arlington Asset Investment currently has an average rating of “Hold” and a consensus target price of $13.75.
In other news, CFO Richard Ernst Konzmann bought 4,000 shares of the stock in a transaction dated Friday, October 27th. The shares were acquired at an average price of $11.34 per share, with a total value of $45,360.00. Following the completion of the acquisition, the chief financial officer now directly owns 11,457 shares in the company, valued at $129,922.38. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO J Rock Tonkel, Jr. bought 5,000 shares of the stock in a transaction dated Friday, November 3rd. The stock was purchased at an average cost of $11.00 per share, for a total transaction of $55,000.00. Following the acquisition, the chief executive officer now owns 327,132 shares of the company’s stock, valued at $3,598,452. The disclosure for this purchase can be found here. In the last ninety days, insiders bought 14,000 shares of company stock worth $158,660. Insiders own 5.90% of the company’s stock.
Shares of Arlington Asset Investment Corp (NYSE AI) opened at $11.75 on Monday. 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 Corp has a fifty-two week low of $10.93 and a fifty-two week high of $17.13.
Arlington Asset Investment (NYSE:AI) last issued its earnings results on Tuesday, October 24th. The financial services provider reported $0.52 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.37 by $0.15. The business had revenue of $14.87 million for the quarter, compared to the consensus estimate of $20.17 million. Arlington Asset Investment had a negative net margin of 27.20% and a negative return on equity of 8.36%. analysts forecast that Arlington Asset Investment Corp will post 0.72 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, October 31st. Stockholders of record on Friday, September 29th were issued a $0.55 dividend. This represents a $2.20 annualized dividend and a dividend yield of 18.72%. The ex-dividend date was Thursday, September 28th. Arlington Asset Investment’s payout ratio is -150.68%.
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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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