Arlington Asset Investment (AI) Downgraded to “Strong Sell” at Zacks Investment Research

Arlington Asset Investment (NYSE:AI) was downgraded by Zacks Investment Research from a “hold” rating to a “strong sell” rating in a research report issued on Friday.

According to Zacks, “Arlington Asset Investment Corp. is a principal investment firm that currently invests primarily in mortgage-related and other assets. “

A number of other equities analysts have also weighed in on the company. ValuEngine lowered Arlington Asset Investment from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 2nd. TheStreet lowered Arlington Asset Investment from a “c” rating to a “d+” rating in a research note on Wednesday. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $13.31.



Shares of NYSE:AI traded down $0.13 during trading on Friday, reaching $8.35. The stock had a trading volume of 40,424 shares, compared to its average volume of 549,895. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.10 and a quick ratio of 0.05. The firm has a market capitalization of $241.92 million, a PE ratio of 12.65 and a beta of 0.66. Arlington Asset Investment has a 1-year low of $8.08 and a 1-year high of $12.67.

Arlington Asset Investment (NYSE:AI) last released its quarterly earnings data on Tuesday, October 23rd. The financial services provider reported $0.47 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.53 by ($0.06). The company had revenue of $10.34 million for the quarter. Arlington Asset Investment had a negative return on equity of 8.69% and a negative net margin of 24.83%. As a group, analysts expect that Arlington Asset Investment will post 2.16 earnings per share for the current year.

In other Arlington Asset Investment news, insider J Rock Tonkel, Jr. bought 10,000 shares of Arlington Asset Investment stock in a transaction on Wednesday, October 3rd. The shares were bought at an average price of $8.79 per share, for a total transaction of $87,900.00. Following the completion of the transaction, the insider now directly owns 359,115 shares of the company’s stock, valued at $3,156,620.85. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. 2.80% of the stock is owned by insiders.

A number of large investors have recently bought and sold shares of the business. Exane Derivatives raised its position in Arlington Asset Investment by 98.5% in the third quarter. Exane Derivatives now owns 16,985 shares of the financial services provider’s stock valued at $162,000 after purchasing an additional 8,427 shares during the period. United Services Automobile Association raised its position in Arlington Asset Investment by 61.3% in the second quarter. United Services Automobile Association now owns 18,935 shares of the financial services provider’s stock valued at $195,000 after purchasing an additional 7,196 shares during the period. California Public Employees Retirement System raised its position in Arlington Asset Investment by 25.3% in the second quarter. California Public Employees Retirement System now owns 26,181 shares of the financial services provider’s stock valued at $270,000 after purchasing an additional 5,281 shares during the period. Cubist Systematic Strategies LLC purchased a new stake in Arlington Asset Investment in the second quarter valued at $144,000. Finally, BB&T Securities LLC purchased a new stake in Arlington Asset Investment in the second quarter valued at $123,000. Institutional investors own 39.44% of the company’s stock.

Arlington Asset Investment Company 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.

See Also: Closed-End Mutual Funds

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