Arlington Asset Investment Corp(NYSE:AI) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Jul 26, 2016. Company reported revenue of $19.65M. Analysts estimated a revenue of $21.13M. Earnings per share were $0.67. Analysts had estimated an EPS of $0.69.
In a different note, On May 12, 2016, Barclays said it Maintains its rating on Arlington Asset Investment Corp. In the research note, the firm Lowers the price-target to $15.00 per share. The shares have been rated ‘Equalweight’ by the firm.
Arlington Asset Investment Corp (AI) made into the market gainers list on Fridays trading session with the shares advancing 1.31% or 0.18 points. Due to strong positive momentum, the stock ended at $13.93, which is also near the day’s high of $14.01. The stock began the session at $13.78 and the volume stood at 3,37,364 shares. The 52-week high of the shares is $19.26 and the 52 week low is $9.42. The company has a current market capitalization of $320 M and it has 2,29,77,035 shares in outstanding.
Several Insider Transactions has been reported to the SEC. On Jun 6, 2016, Eric F Billings (Executive Chairman) purchased 18,516 shares at $13.58 per share price.Also, On May 23, 2016, J Rock Jr Tonkel (CEO) purchased 17,500 shares at $12.38 per share price.On Feb 11, 2016, Daniel E Berce (director) purchased 10,000 shares at $11.21 per share price, according to the Form-4 filing with the securities and exchange commission.
Arlington Asset Investment Corp. is a principal investment firm that acquires and holds primarily mortgage-related assets and holds certain other assets. The Company acquires residential mortgage-backed securities (MBS) either issued by the United States Government agencies or guaranteed as to principal and interest by the United States Government agencies or United States government-sponsored entities (agency-backed MBS). The Company acquires and holds non-agency or private-label MBS. Private-label MBS are MBS that are not issued or guaranteed by a United States Government agency or a government-sponsored entity (GSE) such as Fannie Mae or Freddie Mac. The private-label MBS in which the Company invests are generally backed by a pool of single-family residential mortgage loans. The Company manages its portfolio of mortgage holdings with the goal of obtaining a high risk-adjusted return on capital.