Richard Ernst Konzmann Buys 1,500 Shares of Arlington Asset Investment Corp (AI) Stock
Arlington Asset Investment Corp (NYSE:AI) CFO Richard Ernst Konzmann bought 1,500 shares of the business’s stock in a transaction that occurred on Friday, February 9th. The shares were acquired at an average price of $10.65 per share, with a total value of $15,975.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
Shares of Arlington Asset Investment Corp (AI) traded up $0.21 during trading hours on Tuesday, reaching $10.89. 621,518 shares of the company’s stock traded hands, compared to its average volume of 606,013. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.05 and a quick ratio of 0.05. Arlington Asset Investment Corp has a twelve month low of $9.90 and a twelve month high of $15.24. The stock has a market capitalization of $306.45, a P/E ratio of 18.78 and a beta of 0.83.
Arlington Asset Investment (NYSE:AI) last issued its quarterly earnings results on Tuesday, February 6th. The financial services provider reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.38. Arlington Asset Investment had a net margin of 14.42% and a return on equity of 4.71%. The business had revenue of $15.66 million for the quarter, compared to the consensus estimate of $18.14 million. research analysts expect that Arlington Asset Investment Corp will post 1.47 EPS for the current year.
Large investors have recently modified their holdings of the business. Vanguard Group Inc. lifted its holdings in shares of Arlington Asset Investment by 1.0% in the second quarter. Vanguard Group Inc. now owns 1,104,793 shares of the financial services provider’s stock worth $15,102,000 after buying an additional 11,197 shares in the last quarter. Alliancebernstein L.P. lifted its holdings in shares of Arlington Asset Investment by 79.2% in the second quarter. Alliancebernstein L.P. now owns 27,600 shares of the financial services provider’s stock worth $377,000 after buying an additional 12,200 shares in the last quarter. Cetera Investment Advisers purchased a new position in shares of Arlington Asset Investment in the second quarter worth $970,000. Trexquant Investment LP purchased a new position in shares of Arlington Asset Investment in the third quarter worth $377,000. Finally, Schwab Charles Investment Management Inc. lifted its holdings in shares of Arlington Asset Investment by 10.7% in the third quarter. Schwab Charles Investment Management Inc. now owns 97,466 shares of the financial services provider’s stock worth $1,241,000 after buying an additional 9,410 shares in the last quarter. 39.62% of the stock is currently owned by institutional investors and hedge funds.
Several brokerages have weighed in on AI. Zacks Investment Research downgraded shares of Arlington Asset Investment from a “hold” rating to a “sell” rating in a report on Wednesday, October 25th. ValuEngine raised shares of Arlington Asset Investment from a “sell” rating to a “hold” rating in a report on Wednesday, January 3rd. FBR & Co reaffirmed a “hold” rating and set a $13.00 price target on shares of Arlington Asset Investment in a report on Friday, October 27th. Finally, B. Riley lowered their price target on shares of Arlington Asset Investment from $13.00 to $12.00 and set a “neutral” rating on the stock in a report on Thursday, February 8th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. Arlington Asset Investment has an average rating of “Hold” and an average target price of $13.45.
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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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