Arlington Asset Investment Corp. (AI): J Rock Jr Tonkel , CEO of Arlington Asset Investment Corp. purchased 17,500 shares on May 19, 2016. The Insider buying transaction was reported by the company on May 23, 2016 to the Securities and Exchange Commission. The shares were purchased at $12.38 per share for a total value of $216,425.00 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Feb 11, 2016, Daniel E Berce (director) purchased 10,000 shares at $11.21 per share price.
Arlington Asset Investment Corp: On Friday, May 20, 2016 heightened volatility was witnessed in Arlington Asset Investment Corp which led to swings in the share price. The shares opened for trading at $12.35 and hit $12.6 on the upside , eventually ending the session at $12.59, with a gain of 2.69% or 0.33 points. The heightened volatility saw the trading volume jump to 2,11,005 shares. The 52-week high of the share price is $21.56 and the company has a market cap of $289 M . The 52-week low of the share price is at $9.42.
Company has been under the radar of several Street Analysts.Arlington Asset Investment Corp is Downgraded by Compass Point to Neutral and the brokerage firm has set the Price Target at $13. Earlier the firm had a rating of Buy on the company shares. The Rating was issued on Feb 24, 2016.
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.