PVG Asset Management Corp lifted its stake in shares of Arlington Asset Investment (NYSE:AI) by 15.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 146,916 shares of the financial services provider’s stock after purchasing an additional 20,170 shares during the period. PVG Asset Management Corp owned 0.52% of Arlington Asset Investment worth $1,731,000 as of its most recent SEC filing.
Several other institutional investors also recently modified their holdings of AI. MetLife Investment Advisors LLC purchased a new stake in shares of Arlington Asset Investment during the 4th quarter valued at approximately $118,000. Bramshill Investments LLC purchased a new stake in shares of Arlington Asset Investment during the 4th quarter valued at approximately $499,000. LPL Financial LLC purchased a new stake in shares of Arlington Asset Investment during the 4th quarter valued at approximately $280,000. California State Teachers Retirement System raised its position in shares of Arlington Asset Investment by 16.4% during the 4th quarter. California State Teachers Retirement System now owns 43,404 shares of the financial services provider’s stock valued at $511,000 after buying an additional 6,117 shares during the period. Finally, Two Sigma Advisers LP raised its position in shares of Arlington Asset Investment by 8.5% during the 4th quarter. Two Sigma Advisers LP now owns 121,000 shares of the financial services provider’s stock valued at $1,425,000 after buying an additional 9,500 shares during the period. Institutional investors and hedge funds own 41.90% of the company’s stock.
Several analysts have recently commented on the stock. Zacks Investment Research raised shares of Arlington Asset Investment from a “hold” rating to a “strong-buy” rating and set a $14.00 price target on the stock in a research report on Monday, January 15th. B. Riley cut their target price on Arlington Asset Investment from $13.00 to $12.00 and set a “neutral” rating on the stock in a research report on Thursday, February 8th. Finally, ValuEngine raised Arlington Asset Investment from a “sell” rating to a “hold” rating in a research report on Wednesday, January 3rd. One investment analyst has rated the stock with a sell rating, three have given a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $13.45.
Shares of Arlington Asset Investment stock traded up $0.19 during midday trading on Monday, reaching $11.78. The company’s stock had a trading volume of 700,830 shares, compared to its average volume of 556,045. The stock has a market capitalization of $331.49, a price-to-earnings ratio of 20.31 and a beta of 0.75. The company has a current ratio of 1.12, a quick ratio of 0.03 and a debt-to-equity ratio of 0.19. Arlington Asset Investment has a 52 week low of $9.90 and a 52 week high of $15.17.
Arlington Asset Investment (NYSE:AI) last announced its earnings results on Tuesday, February 6th. The financial services provider reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.20 by $0.38. The company had revenue of $15.66 million for the quarter, compared to analyst estimates of $18.14 million. Arlington Asset Investment had a return on equity of 4.68% and a net margin of 14.42%.
The company also recently announced a quarterly dividend, which will be paid on Monday, April 30th. Shareholders of record on Thursday, March 29th will be given a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a yield of 18.68%. The ex-dividend date of this dividend is Wednesday, March 28th. Arlington Asset Investment’s payout ratio is 379.31%.
About Arlington Asset Investment
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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