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.
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.
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.