Cetera Investment Advisers acquired a new position in Arlington Asset Investment Corp (NYSE:AI) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 71,092 shares of the financial services provider’s stock, valued at approximately $970,000. Cetera Investment Advisers owned approximately 0.27% of Arlington Asset Investment Corp as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also bought and sold shares of the company. Advisor Group Inc. boosted its stake in Arlington Asset Investment Corp by 39.4% in the second quarter. Advisor Group Inc. now owns 8,764 shares of the financial services provider’s stock worth $121,000 after purchasing an additional 2,475 shares in the last quarter. PNC Financial Services Group Inc. boosted its stake in Arlington Asset Investment Corp by 149.6% in the second quarter. PNC Financial Services Group Inc. now owns 10,534 shares of the financial services provider’s stock worth $142,000 after purchasing an additional 6,314 shares in the last quarter. BlueCrest Capital Management Ltd acquired a new position in Arlington Asset Investment Corp in the first quarter worth $147,000. Karp Capital Management Corp acquired a new position in Arlington Asset Investment Corp in the first quarter worth $149,000. Finally, SG Americas Securities LLC acquired a new position in Arlington Asset Investment Corp in the first quarter worth $179,000. 38.58% of the stock is currently owned by institutional investors.

AI has been the topic of a number of recent analyst reports. Zacks Investment Research lowered Arlington Asset Investment Corp from a “hold” rating to a “sell” rating in a research note on Thursday, July 20th. Maxim Group restated a “buy” rating and set a $14.00 target price (down previously from $16.00) on shares of Arlington Asset Investment Corp in a research report on Monday, July 24th. ValuEngine downgraded Arlington Asset Investment Corp from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. Singular Research started coverage on Arlington Asset Investment Corp in a research report on Tuesday, August 1st. They set a “buy” rating and a $14.25 target price for the company. Finally, BidaskClub upgraded Arlington Asset Investment Corp from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 5th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. Arlington Asset Investment Corp currently has a consensus rating of “Hold” and an average target price of $14.94.

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Arlington Asset Investment Corp (NYSE AI) traded down 0.08% during midday trading on Monday, reaching $12.68. The company had a trading volume of 312,919 shares. The company’s market capitalization is $329.05 million. The stock has a 50-day moving average price of $12.95 and a 200 day moving average price of $13.70. Arlington Asset Investment Corp has a 12-month low of $12.43 and a 12-month high of $17.13.

Arlington Asset Investment Corp (NYSE:AI) last released its quarterly earnings data on Monday, July 24th. The financial services provider reported $0.58 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.60 by ($0.02). Arlington Asset Investment Corp had a negative return on equity of 10.44% and a negative net margin of 33.84%. The firm had revenue of $18.93 million for the quarter, compared to analyst estimates of $20.28 million. Equities analysts forecast that Arlington Asset Investment Corp will post $2.31 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 31st. Investors of record on Friday, September 29th will be given a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a yield of 17.34%. The ex-dividend date is Thursday, September 28th. Arlington Asset Investment Corp’s payout ratio is currently -146.67%.

Arlington Asset Investment Corp 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).

Institutional Ownership by Quarter for Arlington Asset Investment Corp (NYSE:AI)

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