BlackRock Inc. raised its holdings in Arlington Asset Investment (NYSE:AI) by 6.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,297,059 shares of the financial services provider’s stock after acquiring an additional 77,531 shares during the period. BlackRock Inc. owned approximately 4.61% of Arlington Asset Investment worth $15,280,000 at the end of the most recent quarter.
A number of other hedge funds have also added to or reduced their stakes in AI. SG Americas Securities LLC acquired a new stake in Arlington Asset Investment in the 3rd quarter valued at about $127,000. Schwab Charles Investment Management Inc. raised its holdings in Arlington Asset Investment by 10.7% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 97,466 shares of the financial services provider’s stock valued at $1,241,000 after acquiring an additional 9,410 shares during the last quarter. Swiss National Bank raised its holdings in Arlington Asset Investment by 17.6% in the 4th quarter. Swiss National Bank now owns 44,200 shares of the financial services provider’s stock valued at $521,000 after acquiring an additional 6,600 shares during the last quarter. Rational Advisors LLC raised its holdings in Arlington Asset Investment by 38.4% in the 4th quarter. Rational Advisors LLC now owns 95,434 shares of the financial services provider’s stock valued at $1,125,000 after acquiring an additional 26,500 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in Arlington Asset Investment by 5.9% in the 4th quarter. Bank of New York Mellon Corp now owns 292,358 shares of the financial services provider’s stock valued at $3,444,000 after acquiring an additional 16,396 shares during the last quarter. Institutional investors own 41.89% of the company’s stock.
A number of analysts have commented on AI shares. Zacks Investment Research upgraded shares of Arlington Asset Investment from a “hold” rating to a “strong-buy” rating and set a $14.00 price objective for the company in a report on Monday, January 15th. B. Riley cut their price target on shares of Arlington Asset Investment from $13.00 to $12.00 and set a “neutral” rating for the company in a report on Thursday, February 8th. Finally, ValuEngine upgraded shares of Arlington Asset Investment from a “sell” rating to a “hold” rating in a report on Wednesday, January 3rd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Hold” and an average target price of $13.45.
Shares of NYSE AI opened at $11.16 on Friday. The company has a market cap of $317.14, a PE ratio of 16.91 and a beta of 0.67. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.12 and a quick ratio of 0.03. Arlington Asset Investment has a 1 year low of $9.90 and a 1 year high of $15.17.
Arlington Asset Investment (NYSE:AI) last announced its quarterly earnings results on Tuesday, February 6th. The financial services provider reported $0.58 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.20 by $0.38. The business had revenue of $15.66 million during the quarter, compared to the consensus estimate of $18.14 million. Arlington Asset Investment had a net margin of 14.42% and a return on equity of 4.68%.
The company also recently declared a quarterly dividend, which will be paid on Monday, April 30th. Stockholders of record on Thursday, March 29th will be issued a dividend of $0.55 per share. The ex-dividend date of this dividend is Wednesday, March 28th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 19.71%. Arlington Asset Investment’s dividend payout ratio is currently 333.33%.
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Arlington Asset Investment Profile
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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