Punch & Associates Investment Man recently announced the acquisition of new stake in Arlington Asset Investment Corp. (NYSE:AAIC). The institutional investor has increased its shareholding in the Real Estate company by 10.41% to 1.52 million shares with purchase of 0.14 million shares. This fresh investment now brings its stake to 5.35% valued currently at $4.45 million. In addition, Acadian Asset Management LLC raised its holdings by 20389.0 to 0.46 million shares. And RBF Capital LLC has lifted its position by 1.39% or 6080.0 shares – to 0.44 million shares.
With over 0.23 million Arlington Asset Investment Corp. (AAIC) shares trading Monday and a closing price of $3.06 on the day, the dollar volume was approximately $0.71 million. The shares have shown a negative half year performance of -5.38% and its price on 01/23/23 gained nearly 0.66%. Currently, there are 28.34M common shares owned by the public and among those 27.00M shares have been available to trade.
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An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 3 analysts who have offered their price forecasts for AAIC have a consensus price objective of $4.88. The analysts have set the share’s price value over the next 12 months at a high of $6.00 and a low of $3.75. The average price target is 37.3% above its recent price level and an upside to the estimated low will see the stock gain 18.4% over that period. But an upside of 49.0% will see the stock hit the forecast high price target while median target price for the stock is $4.88.
Insiders at the company have transacted a total of 12 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 9 of these insider trades were purchases, accounting for 162,000 shares. Insider sales of the common stock occurred on 3 occasions, with total insider shares sold totaling 11,479 shares.
The top 3 mutual fund holders in Arlington Asset Investment Corp. are Vanguard Total Stock Market Index, Vanguard Extended Market Index Fu, and Fidelity Extended Market Index Fu. Vanguard Total Stock Market Index owns 0.96 million shares of the company’s stock, all valued at over $2.83 million. Vanguard Extended Market Index Fu sold 10336.0 shares to see its total holdings shrink to 0.48 million shares valued at over $1.42 million and representing 1.71% of the shares outstanding. Fidelity Extended Market Index Fu now owns shares totaling to 0.48% of the shares outstanding.
Shares of Arlington Asset Investment Corp. (NYSE: AAIC) opened at $3.03, down -$0.01 from a prior closing price of $3.04. However, the script later moved the day high at 3.0800, up 0.66%. The company’s stock has a 5-day price change of 0.99% and 7.75% over the past three months. AAIC shares are trading 4.44% year to date (YTD), with the 12-month market performance down to -12.07% lower. It has a 12-month low price of $2.65 and touched a high of $3.69 over the same period. AAIC has an average intraday trading volume of 79.79K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 3.67%, 1.91%, and -2.40% respectively.
Institutional ownership of Arlington Asset Investment Corp. (NYSE: AAIC) shares accounts for 39.50% of the company’s 28.34M shares outstanding. Mutual fund holders own 5.44%, while other institutional holders and individual stakeholders account for 8.11% and 30.05% respectively.
It has a market capitalization of $85.96M and a beta (3y monthly) value of 1.49. The stock’s trailing 12-month PE ratio is 46.36, while the earnings-per-share (ttm) stands at $0.07. The company has a debt-to-equity ratio at 4.17. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.63% over the week and 1.65% over the month.
Analysts forecast that Arlington Asset Investment Corp. (AAIC) will achieve an EPS of $0.05 for the current quarter, $0.05 for the next quarter and $0.25 for 2023. The lowest estimate earnings-per-share for the quarter is $0.04 while analysts give the company a high EPS estimate of $0.06. Comparatively, EPS for the current quarter was $0.06 a year ago. Earnings per share for the fiscal year are expected to increase by 80.80%, and -7.31% over the next financial year. EPS should shrink at an annualized rate of -9.37% over the next five years, compared to 26.50% over the past 5-year period.
