235,648 Shares in Arlington Asset Investment Corp (NYSE:AI) Purchased by PVG Asset Management Corp

PVG Asset Management Corp purchased a new position in shares of Arlington Asset Investment Corp (NYSE:AI) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 235,648 shares of the financial services provider’s stock, valued at approximately $1,706,000. Arlington Asset Investment makes up about 1.7% of PVG Asset Management Corp’s investment portfolio, making the stock its 29th largest holding. PVG Asset Management Corp owned approximately 0.78% of Arlington Asset Investment as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. BlackRock Inc. grew its holdings in shares of Arlington Asset Investment by 4.4% during the fourth quarter. BlackRock Inc. now owns 2,415,985 shares of the financial services provider’s stock worth $17,491,000 after purchasing an additional 101,025 shares during the last quarter. Vanguard Group Inc grew its holdings in shares of Arlington Asset Investment by 5.4% during the third quarter. Vanguard Group Inc now owns 1,564,796 shares of the financial services provider’s stock worth $14,615,000 after purchasing an additional 80,551 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Arlington Asset Investment by 5.4% during the third quarter. Vanguard Group Inc. now owns 1,564,796 shares of the financial services provider’s stock worth $14,615,000 after purchasing an additional 80,551 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Arlington Asset Investment by 21.3% during the fourth quarter. Bank of New York Mellon Corp now owns 365,213 shares of the financial services provider’s stock worth $2,645,000 after purchasing an additional 64,052 shares during the last quarter. Finally, Northern Trust Corp grew its holdings in shares of Arlington Asset Investment by 6.2% during the fourth quarter. Northern Trust Corp now owns 341,671 shares of the financial services provider’s stock worth $2,473,000 after purchasing an additional 19,875 shares during the last quarter. 46.07% of the stock is currently owned by institutional investors and hedge funds.

NYSE:AI traded down $0.07 during mid-day trading on Monday, reaching $7.51. The stock had a trading volume of 477,800 shares, compared to its average volume of 540,858. The company has a quick ratio of 0.03, a current ratio of 0.03 and a debt-to-equity ratio of 0.28. The company has a market cap of $232.94 million, a P/E ratio of 3.65 and a beta of 0.94. Arlington Asset Investment Corp has a twelve month low of $6.92 and a twelve month high of $11.79.

Arlington Asset Investment (NYSE:AI) last announced its quarterly earnings data on Tuesday, February 19th. The financial services provider reported $0.44 EPS for the quarter, beating the Zacks’ consensus estimate of $0.18 by $0.26. Arlington Asset Investment had a negative net margin of 70.10% and a negative return on equity of 11.10%. The firm had revenue of $10.62 million during the quarter. Analysts expect that Arlington Asset Investment Corp will post 1.82 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Friday, March 29th will be issued a $0.375 dividend. The ex-dividend date of this dividend is Thursday, March 28th. This represents a $1.50 dividend on an annualized basis and a yield of 19.97%. Arlington Asset Investment’s dividend payout ratio (DPR) is presently 72.82%.

Several brokerages have issued reports on AI. ValuEngine lowered Arlington Asset Investment from a “sell” rating to a “strong sell” rating in a report on Friday, March 1st. Zacks Investment Research upgraded shares of Arlington Asset Investment from a “sell” rating to a “hold” rating in a research note on Tuesday, December 25th. Finally, Maxim Group reiterated a “hold” rating on shares of Arlington Asset Investment in a research note on Tuesday, February 19th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $14.25.

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Arlington Asset Investment 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.

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Institutional Ownership by Quarter for Arlington Asset Investment (NYSE:AI)

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