ValuEngine upgraded shares of Arlington Asset Investment (NYSE:AI) from a sell rating to a hold rating in a research note released on Wednesday, January 3rd.

A number of other analysts have also weighed in on the stock. FBR & Co restated a hold rating and issued a $13.00 target price on shares of Arlington Asset Investment in a research report on Friday, October 27th. Zacks Investment Research lowered shares of Arlington Asset Investment from a hold rating to a sell rating in a research report on Wednesday, October 25th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of Buy and an average target price of $13.81.

Arlington Asset Investment (AI) traded down $0.33 during midday trading on Wednesday, hitting $10.84. 762,234 shares of the company traded hands, compared to its average volume of 501,464. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.05 and a quick ratio of 0.05. The firm has a market cap of $305.05, a price-to-earnings ratio of -7.42 and a beta of 1.06. Arlington Asset Investment has a twelve month low of $10.75 and a twelve month high of $15.51.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 31st. Stockholders of record on Friday, December 29th will be paid a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a dividend yield of 20.30%. The ex-dividend date is Thursday, December 28th. Arlington Asset Investment’s payout ratio is currently -150.68%.

In other Arlington Asset Investment news, CEO J Rock Tonkel, Jr. purchased 5,000 shares of the company’s stock in a transaction dated Friday, November 3rd. The stock was purchased at an average price of $11.00 per share, with a total value of $55,000.00. Following the completion of the purchase, 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 document filed with the SEC, which is available at the SEC website. 5.90% of the stock is currently owned by company insiders.

Several hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in shares of Arlington Asset Investment by 1.0% during the second quarter. Vanguard Group Inc. now owns 1,104,793 shares of the financial services provider’s stock valued at $15,102,000 after acquiring an additional 11,197 shares during the last quarter. State Street Corp raised its stake in Arlington Asset Investment by 9.5% during the second quarter. State Street Corp now owns 527,373 shares of the financial services provider’s stock worth $7,210,000 after buying an additional 45,825 shares during the last quarter. Neuberger Berman Group LLC raised its stake in Arlington Asset Investment by 1.5% during the second quarter. Neuberger Berman Group LLC now owns 132,000 shares of the financial services provider’s stock worth $1,804,000 after buying an additional 2,000 shares during the last quarter. Prudential Financial Inc. raised its stake in Arlington Asset Investment by 7.8% during the second quarter. Prudential Financial Inc. now owns 124,804 shares of the financial services provider’s stock worth $1,706,000 after buying an additional 9,000 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. raised its stake in Arlington Asset Investment by 14.0% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 111,146 shares of the financial services provider’s stock worth $1,310,000 after buying an additional 13,680 shares during the last quarter. 37.81% of the stock is owned by hedge funds and other institutional investors.

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Arlington Asset Investment 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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