Arlington Asset Investment Corp (NYSE:AI) Director Ralph S. Michael III acquired 5,000 shares of the stock in a transaction dated Monday, October 30th. The shares were bought at an average cost of $11.66 per share, with a total value of $58,300.00. Following the transaction, the director now directly owns 7,325 shares of the company’s stock, valued at $85,409.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Arlington Asset Investment Corp (NYSE:AI) last announced its quarterly earnings results on Tuesday, October 24th. The financial services provider reported $0.52 EPS for the quarter, beating the Zacks’ consensus estimate of $0.37 by $0.15. The business had revenue of $14.87 million during the quarter, compared to analyst estimates of $20.17 million. Arlington Asset Investment Corp had a negative net margin of 27.20% and a negative return on equity of 8.45%.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 31st. Shareholders of record on Friday, September 29th were paid a dividend of $0.55 per share. The ex-dividend date was Thursday, September 28th. This represents a $2.20 dividend on an annualized basis and a yield of 19.18%. Arlington Asset Investment Corp’s dividend payout ratio (DPR) is presently -150.68%.

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Several equities research analysts have recently issued reports on AI shares. Maxim Group reissued a “buy” rating and set a $14.00 price objective (down previously from $16.00) on shares of Arlington Asset Investment Corp in a research report on Monday, July 24th. Singular Research started coverage on shares of Arlington Asset Investment Corp in a research report on Tuesday, August 1st. They set a “buy” rating and a $14.25 price objective for the company. Zacks Investment Research raised shares of Arlington Asset Investment Corp from a “strong sell” rating to a “hold” rating in a research report on Monday, July 31st. FBR & Co reaffirmed a “hold” rating and issued a $13.00 target price on shares of Arlington Asset Investment Corp in a research report on Friday, October 27th. Finally, BidaskClub raised shares of Arlington Asset Investment Corp from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 5th. Three analysts have rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $13.75.

A number of hedge funds have recently made changes to their positions in AI. Bank of New York Mellon Corp increased its stake in Arlington Asset Investment Corp by 4.6% during the 1st quarter. Bank of New York Mellon Corp now owns 277,135 shares of the financial services provider’s stock valued at $3,916,000 after purchasing an additional 12,129 shares in the last quarter. Karp Capital Management Corp bought a new stake in Arlington Asset Investment Corp during the 1st quarter valued at $149,000. Parametric Portfolio Associates LLC increased its stake in Arlington Asset Investment Corp by 116.5% during the 1st quarter. Parametric Portfolio Associates LLC now owns 109,984 shares of the financial services provider’s stock valued at $1,554,000 after purchasing an additional 59,175 shares in the last quarter. SG Americas Securities LLC bought a new stake in Arlington Asset Investment Corp during the 1st quarter valued at $179,000. Finally, American International Group Inc. increased its stake in Arlington Asset Investment Corp by 7.2% during the 1st quarter. American International Group Inc. now owns 13,906 shares of the financial services provider’s stock valued at $196,000 after purchasing an additional 937 shares in the last quarter. Institutional investors and hedge funds own 38.57% of the company’s stock.

About Arlington Asset Investment Corp

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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