Trade Report: Today: Ameriprise Financial Inc. decides to keep it stake in Arlington Asset Investment Corp. (AI) to the level of $4,409,000

Today: Ameriprise Financial Inc. decides to keep it stake in Arlington Asset Investment Corp. (AI) to the level of $4,409,000

Ameriprise Financial Inc. lowered its stake in Arlington Asset Investment Corp. (NYSE:AI) by 33.2% during the second quarter, Holdings Channel reports. The firm owned 338,989 shares of the company’s stock after selling 168,242 shares during the period. Ameriprise Financial Inc. owned about 1.47% of Arlington Asset Investment Corp. worth $4,409,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Societe Generale purchased a new position in shares of Arlington Asset Investment Corp. during the second quarter worth $110,000. Quantitative Systematic Strategies LLC boosted its position in shares of Arlington Asset Investment Corp. by 15.3% in the second quarter. Quantitative Systematic Strategies LLC now owns 13,785 shares of the company’s stock worth $177,000 after buying an additional 1,831 shares during the last quarter. Creative Planning boosted its position in shares of Arlington Asset Investment Corp. by 2.7% in the second quarter. Creative Planning now owns 19,100 shares of the company’s stock worth $248,000 after buying an additional 500 shares during the last quarter. Jacobs Levy Equity Management Inc. purchased a new position in shares of Arlington Asset Investment Corp. during the first quarter worth $354,000. Finally, GSA Capital Partners LLP purchased a new position in shares of Arlington Asset Investment Corp. during the second quarter worth $821,000. Institutional investors and hedge funds own 40.04% of the company’s stock.

Shares of Arlington Asset Investment Corp. (NYSE:AI) traded down 0.21% on Monday, hitting $14.29. The company’s stock had a trading volume of 28,497 shares. Arlington Asset Investment Corp. has a 52 week low of $9.42 and a 52 week high of $15.71. The stock’s market capitalization is $328.38 million. The stock’s 50 day moving average price is $14.80 and its 200 day moving average price is $13.67.

Arlington Asset Investment Corp. (NYSE:AI) last posted its quarterly earnings results on Tuesday, July 26th. The company reported $0.67 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.67. Arlington Asset Investment Corp. had a positive return on equity of 20.54% and a negative net margin of 45.00%. On average, analysts forecast that Arlington Asset Investment Corp. will post $0.72 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, October 31st. Shareholders of record on Friday, September 30th will be issued a $0.625 dividend. The ex-dividend date of this dividend is Wednesday, September 28th. This represents a $2.50 annualized dividend and a dividend yield of 17.46%. Arlington Asset Investment Corp.’s dividend payout ratio is currently -109.17%.

Arlington Asset Investment Corp. Company Profile

Arlington Asset Investment Corp. is a principal investment firm. The Company acquires and holds a levered portfolio of residential mortgage-backed securities (MBS), consisting of agency MBS and private-label MBS. The Company may invest in other types of residential mortgage assets, such as residential mortgage loans, mortgage servicing rights and government sponsored enterprise (GSE) credit risk transfer securities, as well as other types of assets, including commercial MBS, asset backed securities, other structured securities, commercial mortgage loans, commercial loans, and other real estate-related loans and securities.

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