ValuEngine cut shares of Arlington Asset Investment Corp (NYSE:AI) from a hold rating to a sell rating in a research note published on Thursday.

A number of other equities research analysts have also recently weighed in on the stock. Maxim Group reiterated a buy rating and set a $14.00 price target (down from $16.00) on shares of Arlington Asset Investment Corp in a research report on Monday, July 24th. Zacks Investment Research cut shares of Arlington Asset Investment Corp from a hold rating to a sell rating in a research report on Thursday, July 20th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company’s stock. Arlington Asset Investment Corp presently has a consensus rating of Hold and a consensus price target of $15.38.

Shares of Arlington Asset Investment Corp (NYSE AI) opened at 12.85 on Thursday. The firm has a 50-day moving average of $14.01 and a 200 day moving average of $14.38. The stock’s market capitalization is $303.62 million. Arlington Asset Investment Corp has a 52-week low of $12.63 and a 52-week high of $17.13.

Arlington Asset Investment Corp (NYSE:AI) last announced its quarterly earnings results on Monday, July 24th. The financial services provider reported $0.58 earnings per share for the quarter, missing analysts’ consensus estimates of $0.60 by $0.02. Arlington Asset Investment Corp had a negative net margin of 33.84% and a negative return on equity of 10.14%. The company had revenue of $18.93 million for the quarter, compared to analyst estimates of $20.28 million. Equities research analysts forecast that Arlington Asset Investment Corp will post $2.33 EPS for the current fiscal year.

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The business also recently declared a quarterly dividend, which will be paid on Monday, July 31st. Shareholders of record on Friday, June 30th will be given a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a dividend yield of 17.12%. The ex-dividend date of this dividend is Wednesday, June 28th. Arlington Asset Investment Corp’s dividend payout ratio is presently -146.67%.

Several hedge funds and other institutional investors have recently made changes to their positions in AI. American International Group Inc. boosted its position in shares of Arlington Asset Investment Corp by 7.2% in the first quarter. American International Group Inc. now owns 13,906 shares of the financial services provider’s stock worth $196,000 after buying an additional 937 shares during the period. Teachers Advisors LLC boosted its position in shares of Arlington Asset Investment Corp by 5.2% in the fourth quarter. Teachers Advisors LLC now owns 34,205 shares of the financial services provider’s stock worth $507,000 after buying an additional 1,690 shares during the period. Schwab Charles Investment Management Inc. boosted its position in shares of Arlington Asset Investment Corp by 5.8% in the first quarter. Schwab Charles Investment Management Inc. now owns 87,524 shares of the financial services provider’s stock worth $1,237,000 after buying an additional 4,788 shares during the period. Creative Planning boosted its position in shares of Arlington Asset Investment Corp by 29.3% in the first quarter. Creative Planning now owns 25,954 shares of the financial services provider’s stock worth $367,000 after buying an additional 5,888 shares during the period. Finally, Bank of America Corp DE boosted its position in shares of Arlington Asset Investment Corp by 22.0% in the first quarter. Bank of America Corp DE now owns 42,231 shares of the financial services provider’s stock worth $597,000 after buying an additional 7,603 shares during the period. Hedge funds and other institutional investors own 42.66% of the company’s stock.

Arlington Asset Investment Corp 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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