Arlington Asset Investment Corp. (AI): Eric F Billings , Executive Chairman of Arlington Asset Investment Corp. purchased 18,516 shares on Jun 3, 2016. The Insider buying transaction was reported by the company on Jun 6, 2016 to the Securities and Exchange Commission. The shares were purchased at $13.58 per share for a total value of $251,516.44 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, 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.
Shares of Arlington Asset Investment Corp (AI) ended Friday, Jun 3, 2016 session in red amid volatile trading. The shares closed down -0.11 points or -0.81% at $13.52 with 2,15,206 shares getting traded. Post opening the session at $13.54, the shares hit an intraday low of $13.37 and an intraday high of $13.56 and the price vacillated in this range throughout the day. The company has a market cap of $311 M and the number of outstanding shares has been calculated to be 2,29,77,035 shares. The 52-week high of Arlington Asset Investment Corp is $21.21 and the 52-week low is $9.42.
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.