Trexquant Investment LP Takes Position in Arlington Asset Investment Corp (AI)
Trexquant Investment LP acquired a new stake in Arlington Asset Investment Corp (NYSE:AI) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 29,605 shares of the financial services provider’s stock, valued at approximately $377,000. Trexquant Investment LP owned 0.11% of Arlington Asset Investment as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds have also recently made changes to their positions in AI. Vanguard Group Inc. increased its holdings in shares of Arlington Asset Investment by 12.1% in the first quarter. Vanguard Group Inc. now owns 1,093,596 shares of the financial services provider’s stock valued at $15,453,000 after purchasing an additional 118,288 shares during the period. Icon Advisers Inc. Co. purchased a new stake in shares of Arlington Asset Investment in the second quarter worth about $1,471,000. Cetera Investment Advisers purchased a new stake in shares of Arlington Asset Investment in the second quarter worth about $970,000. State Street Corp boosted its stake in shares of Arlington Asset Investment by 9.5% in 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. Finally, Geode Capital Management LLC boosted its stake in shares of Arlington Asset Investment by 14.3% in the first quarter. Geode Capital Management LLC now owns 185,793 shares of the financial services provider’s stock worth $2,625,000 after buying an additional 23,312 shares during the last quarter. 37.36% of the stock is currently owned by institutional investors and hedge funds.
In related news, CFO Richard Ernst Konzmann purchased 4,000 shares of the business’s stock in a transaction that occurred on Friday, October 27th. The stock was purchased at an average price of $11.34 per share, with a total value of $45,360.00. Following the completion of the acquisition, the chief financial officer now owns 11,457 shares in the company, valued at $129,922.38. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Ralph S. Michael III purchased 5,000 shares of the business’s stock in a transaction that occurred on Monday, October 30th. The stock was bought at an average cost of $11.66 per share, with a total value of $58,300.00. Following the acquisition, the director now owns 7,325 shares of the company’s stock, valued at approximately $85,409.50. The disclosure for this purchase can be found here. In the last 90 days, insiders bought 14,000 shares of company stock worth $158,660. Company insiders own 5.90% of the company’s stock.
Arlington Asset Investment Corp (NYSE AI) opened at $11.94 on Tuesday. The company has a quick ratio of 0.05, a current ratio of 0.05 and a debt-to-equity ratio of 0.19. Arlington Asset Investment Corp has a 1 year low of $10.93 and a 1 year high of $17.13.
Arlington Asset Investment (NYSE:AI) last issued its quarterly earnings results on Tuesday, October 24th. The financial services provider reported $0.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.37 by $0.15. The company had revenue of $14.87 million for the quarter, compared to the consensus estimate of $20.17 million. Arlington Asset Investment had a negative return on equity of 8.36% and a negative net margin of 27.20%. research analysts anticipate that Arlington Asset Investment Corp will post 0.72 earnings per share for the current year.
A number of analysts have recently commented on the company. Zacks Investment Research upgraded Arlington Asset Investment from a “sell” rating to a “hold” rating in a research note on Thursday, November 2nd. FBR & Co reiterated a “hold” rating and set a $13.00 price target on shares of Arlington Asset Investment in a research report on Friday, October 27th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $13.75.
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Arlington Asset Investment 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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