Arlington Asset Investment Corp (NYSE:AI) – Stock analysts at B. Riley issued their Q1 2019 earnings estimates for Arlington Asset Investment in a research note issued on Thursday. B. Riley analyst J. Levi-Ribner expects that the financial services provider will post earnings per share of $0.36 for the quarter. B. Riley also issued estimates for Arlington Asset Investment’s Q2 2019 earnings at $0.36 EPS, Q3 2019 earnings at $0.37 EPS, Q4 2019 earnings at $0.39 EPS and FY2019 earnings at $1.48 EPS.
Arlington Asset Investment (NYSE:AI) last announced its earnings results on Tuesday, October 24th. The financial services provider reported $0.52 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.37 by $0.15. Arlington Asset Investment had a negative return on equity of 8.36% and a negative net margin of 27.20%. The firm had revenue of $14.87 million for the quarter, compared to analysts’ expectations of $20.17 million.
Several other brokerages have also recently commented on AI. Zacks Investment Research cut Arlington Asset Investment from a “hold” rating to a “sell” rating in a report on Wednesday, October 25th. ValuEngine raised Arlington Asset Investment from a “sell” rating to a “hold” rating in a report on Wednesday, January 3rd. Finally, FBR & Co reissued a “hold” rating and set a $13.00 target price on shares of Arlington Asset Investment in a report on Friday, October 27th. One analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $13.75.
Shares of Arlington Asset Investment (NYSE AI) traded up $0.11 during trading hours on Friday, reaching $11.91. The company had a trading volume of 307,631 shares, compared to its average volume of 466,352. Arlington Asset Investment has a 1 year low of $10.93 and a 1 year high of $15.51. The company has a market capitalization of $335.16, a PE ratio of -8.16 and a beta of 1.06. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.05 and a current ratio of 0.05.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 31st. Shareholders of record on Friday, December 29th will be issued a $0.55 dividend. The ex-dividend date is Thursday, December 28th. This represents a $2.20 annualized dividend and a dividend yield of 18.47%. Arlington Asset Investment’s dividend payout ratio is currently -150.68%.
In related news, CEO J Rock Tonkel, Jr. purchased 5,000 shares of the company’s stock in a transaction on Friday, November 3rd. The shares were bought at an average price of $11.00 per share, with a total value of $55,000.00. Following the completion of the acquisition, the chief executive officer now owns 327,132 shares of the company’s stock, valued at $3,598,452. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Richard Ernst Konzmann purchased 4,000 shares of the company’s stock in a transaction on Friday, October 27th. The stock was bought at an average cost of $11.34 per share, for a total transaction of $45,360.00. Following the acquisition, the chief financial officer now directly owns 11,457 shares of the company’s stock, valued at approximately $129,922.38. The disclosure for this purchase can be found here. Insiders acquired 14,000 shares of company stock worth $158,660 in the last ninety days. 5.90% of the stock is owned by corporate insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Advisor Group Inc. increased its holdings in shares of Arlington Asset Investment by 39.4% in the second quarter. Advisor Group Inc. now owns 8,764 shares of the financial services provider’s stock valued at $121,000 after buying an additional 2,475 shares in the last quarter. SG Americas Securities LLC bought a new position in shares of Arlington Asset Investment in the third quarter valued at $127,000. PNC Financial Services Group Inc. increased its holdings in shares of Arlington Asset Investment by 149.6% in the second quarter. PNC Financial Services Group Inc. now owns 10,534 shares of the financial services provider’s stock valued at $142,000 after buying an additional 6,314 shares in the last quarter. BlueCrest Capital Management Ltd increased its holdings in shares of Arlington Asset Investment by 78.0% in the second quarter. BlueCrest Capital Management Ltd now owns 18,511 shares of the financial services provider’s stock valued at $253,000 after buying an additional 8,113 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its holdings in shares of Arlington Asset Investment by 9.8% in the second quarter. Goldman Sachs Group Inc. now owns 20,167 shares of the financial services provider’s stock valued at $276,000 after buying an additional 1,793 shares in the last quarter. 37.76% of the stock is currently owned by institutional investors.
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About Arlington Asset Investment
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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