Arlington Asset Investment Corp (NYSE:AI) was the target of a large decrease in short interest in the month of February. As of February 28th, there was short interest totalling 1,507,091 shares, a decrease of 45.2% from the February 15th total of 2,751,244 shares. Based on an average daily volume of 1,281,021 shares, the days-to-cover ratio is currently 1.2 days. Currently, 4.2% of the shares of the company are sold short.

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

Shares of Arlington Asset Investment stock opened at $8.19 on Thursday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.03 and a current ratio of 0.03. The company has a market cap of $255.57 million, a PE ratio of 3.98 and a beta of 0.93. Arlington Asset Investment has a twelve month low of $6.92 and a twelve month high of $11.80.

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

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Friday, March 29th will be given a $0.375 dividend. This represents a $1.50 annualized dividend and a yield of 18.32%. The ex-dividend date is Thursday, March 28th. Arlington Asset Investment’s dividend payout ratio is currently 72.82%.

Institutional investors and hedge funds have recently bought and sold shares of the stock. BlackRock Inc. increased its position in Arlington Asset Investment by 9.3% in the 3rd quarter. BlackRock Inc. now owns 2,314,960 shares of the financial services provider’s stock valued at $21,621,000 after acquiring an additional 197,338 shares during the period. Vanguard Group Inc. increased its position in Arlington Asset Investment by 5.4% in the 3rd quarter. Vanguard Group Inc. now owns 1,564,796 shares of the financial services provider’s stock valued at $14,615,000 after acquiring an additional 80,551 shares during the period. MetLife Investment Advisors LLC increased its position in Arlington Asset Investment by 75.1% in the 3rd quarter. MetLife Investment Advisors LLC now owns 17,605 shares of the financial services provider’s stock valued at $164,000 after acquiring an additional 7,549 shares during the period. Teachers Advisors LLC increased its position in Arlington Asset Investment by 12.0% in the 3rd quarter. Teachers Advisors LLC now owns 67,990 shares of the financial services provider’s stock valued at $635,000 after acquiring an additional 7,261 shares during the period. Finally, Vanguard Group Inc increased its position in Arlington Asset Investment by 5.4% in the 3rd quarter. Vanguard Group Inc now owns 1,564,796 shares of the financial services provider’s stock valued at $14,615,000 after acquiring an additional 80,551 shares during the period. Hedge funds and other institutional investors own 46.07% of the company’s stock.

COPYRIGHT VIOLATION WARNING: This article was first reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are accessing this article on another domain, it was illegally copied and reposted in violation of U.S. & international copyright & trademark law. The legal version of this article can be viewed at https://www.thecerbatgem.com/2019/03/21/arlington-asset-investment-corp-ai-short-interest-update.html.

About Arlington Asset Investment

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: Bid-Ask Spread

Receive News & Ratings for Arlington Asset Investment Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Arlington Asset Investment and related companies with MarketBeat.com's FREE daily email newsletter.