Neuberger Berman Group LLC Has $1.20 Million Holdings in Arlington Asset Investment Corp (AI)

Neuberger Berman Group LLC cut its stake in Arlington Asset Investment Corp (NYSE:AI) by 28.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 94,000 shares of the financial services provider’s stock after selling 38,000 shares during the period. Neuberger Berman Group LLC owned approximately 0.33% of Arlington Asset Investment worth $1,197,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in AI. Schwab Charles Investment Management Inc. raised its holdings in Arlington Asset Investment by 0.6% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 88,056 shares of the financial services provider’s stock valued at $1,204,000 after acquiring an additional 532 shares in the last quarter. Rhumbline Advisers raised its holdings in Arlington Asset Investment by 8.1% in the 2nd quarter. Rhumbline Advisers now owns 27,639 shares of the financial services provider’s stock valued at $378,000 after acquiring an additional 2,070 shares in the last quarter. Prudential Financial Inc. raised its holdings in Arlington Asset Investment by 7.8% in the 2nd quarter. Prudential Financial Inc. now owns 124,804 shares of the financial services provider’s stock valued at $1,706,000 after acquiring an additional 9,000 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in Arlington Asset Investment by 2.3% in the 2nd quarter. JPMorgan Chase & Co. now owns 83,850 shares of the financial services provider’s stock valued at $1,147,000 after acquiring an additional 1,847 shares in the last quarter. Finally, Alliancebernstein L.P. raised its holdings in Arlington Asset Investment by 79.2% in the 2nd quarter. Alliancebernstein L.P. now owns 27,600 shares of the financial services provider’s stock valued at $377,000 after acquiring an additional 12,200 shares in the last quarter. 37.76% of the stock is owned by hedge funds and other institutional investors.

AI has been the subject of several analyst reports. Zacks Investment Research cut Arlington Asset Investment from a “hold” rating to a “sell” rating in a report on Wednesday, October 25th. FBR & Co reiterated a “hold” rating and issued a $13.00 price target on shares of Arlington Asset Investment in a research note on Friday, October 27th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. Arlington Asset Investment presently has an average rating of “Hold” and an average price target of $13.75.

In other news, CFO Richard Ernst Konzmann acquired 4,000 shares of Arlington Asset Investment stock in a transaction that occurred on Friday, October 27th. The shares were acquired at an average price of $11.34 per share, for a total transaction of $45,360.00. Following the transaction, the chief financial officer now directly owns 11,457 shares of the company’s stock, valued at approximately $129,922.38. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO J Rock Tonkel, Jr. acquired 5,000 shares of Arlington Asset Investment stock in a transaction that occurred on Friday, November 3rd. The shares were purchased at an average price of $11.00 per share, for a total transaction of $55,000.00. Following the transaction, the chief executive officer now directly owns 327,132 shares in the company, valued at $3,598,452. The disclosure for this purchase can be found here. In the last quarter, insiders bought 14,000 shares of company stock worth $158,660. Corporate insiders own 5.90% of the company’s stock.

Arlington Asset Investment Corp (AI) opened at $11.78 on Tuesday. Arlington Asset Investment Corp has a 52 week low of $10.93 and a 52 week high of $15.59. The company has a quick ratio of 0.05, a current ratio of 0.05 and a debt-to-equity ratio of 0.19. The stock has a market capitalization of $331.49, a price-to-earnings ratio of -8.07 and a beta of 1.06.

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, beating the Thomson Reuters’ consensus estimate of $0.37 by $0.15. Arlington Asset Investment had a negative return on equity of 8.36% and a negative net margin of 27.20%. The company had revenue of $14.87 million for the quarter, compared to analyst estimates of $20.17 million. sell-side analysts expect that Arlington Asset Investment Corp will post 0.72 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 31st. Stockholders of record on Friday, December 29th will be paid a $0.55 dividend. The ex-dividend date is Thursday, December 28th. This represents a $2.20 annualized dividend and a dividend yield of 18.68%. Arlington Asset Investment’s payout ratio is -150.68%.

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

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