Arlington Asset Investment Corp. (NYSE: AAIC) stock fell -0.37% on Thursday to $2.70 against a previous-day closing price of $2.71. With 0.59 million shares changed hands, the volume of the stock remained heavier than its average volume of 91410.0 shares. During the session, the REIT – Mortgage company that operates in wider Real Estate sector, reached to the highest price of $2.7500 whereas the lowest price it dropped to was $2.6600. The 52-week range on AAIC shows that it touched its highest point at $3.66 and its lowest point at $2.53 during that stretch. It currently has a 1-year price target of $4.62. Beta for the stock currently stands at 1.49.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of AAIC was up-trending over the past week, with a rise of 4.65%, but this was up by 3.85% over a month. Three-month performance dropped to -10.89% while six-month performance fell -10.30%. The stock lost -21.05% in the past year, while it has lost -7.85% so far this year. A look at the trailing 12-month EPS for AAIC yields 0.10 with Next year EPS estimates of 0.27. For the next quarter, that number is 0.06. This implies an EPS growth rate of 123.50% for this year and 31.71% for next year. EPS is expected to decline by -9.37% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -32.50%.
Float and Shares Shorts:
At present, 28.00 million AAIC shares are outstanding with a float of 27.26 million shares on hand for trading. On Apr 27, 2023, short shares totaled 22930.0, which was 0.08% higher than short shares on Mar 30, 2023. In addition to Mr. J. Rock Tonkel Jr., CPA as the firm’s Pres, CEO & Director, Mr. Richard E. Konzmann serves as its Exec. VP, Treasurer & CFO.
Institutional Ownership:
Through their ownership of 35.98% of AAIC’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 7.56% of AAIC, in contrast to 5.61% held by mutual funds. Shares owned by individuals account for 29.63%. As the largest shareholder in AAIC with 5.94% of the stake, The Vanguard Group, Inc. holds 1,684,784 shares worth 1,684,784. A second-largest stockholder of AAIC, Punch & Associates Investment Man, holds 1,350,000 shares, controlling over 4.76% of the firm’s shares. Barclays Bank Plc is the third largest shareholder in AAIC, holding 1,139,856 shares or 4.02% stake. With a 4.05% stake in AAIC, the Vanguard Total Stock Market ETF is the largest stakeholder. A total of 1,148,538 shares are owned by the mutual fund manager. The Vanguard Extended Market Index Fu, which owns about 1.66% of AAIC stock, is the second-largest Mutual Fund holder. It holds 470,453 shares valued at 1.23 million. Fidelity Extended Market Index Fu holds 0.48% of the stake in AAIC, owning 136,861 shares worth 0.36 million.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for AAIC since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With AAIC analysts setting a high price target of $5.50 and a low target of $5.50, the average target price over the next 12 months is $5.50. Based on these targets, AAIC could surge 103.7% to reach the target high and rise by 103.7% to reach the target low. Reaching the average price target will result in a growth of 103.7% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.
Summary of Insider Activity:
Insiders traded AAIC stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has increased to 9 while that of sell transactions has risen to 3 over the past year. The total number of shares bought during that period was 136,141 while 11,479 shares were sold.
