|Over a month ago|
Arlington Asset Investment reports Q1 core EPS 3c vs. 12c a quarter ago » 15:1805/0605/06/21
Core operating income was…
Core operating income was $1.0M, or 3c per diluted common share for the first quarter of 2021, compared to $4.1M, or 12c per diluted common share for the fourth quarter of 2020. "During the first quarter, the company made substantial progress in its mortgage servicing rights investment channel, realizing strong double digit unlevered returns and scaling its MSR investments to 12% of investable capital. Through its strategic relationship with a licensed servicer, the company has continued to grow its MSR related investments to over 20% of investable capital today. Returns on MSR investments to date have materially exceeded expectations while providing an important duration hedge for the company's low coupon agency mortgage portfolio. At the same time, the significant rise in long-term interest rates and higher rate volatility during the quarter led to an underperformance of our agency mortgage portfolio that was partially offset by strong performance in our MSR and mortgage credit investments. The company is currently operating with low leverage and high liquidity while it continues to make solid progress in evaluating and deploying capital to high return investment opportunities that complement its agency mortgage investments and diversify risk with the goal of improving the level and reliability of returns to shareholders over time. The company's strong balance sheet provides substantial financial flexibility to accretively repurchase shares of its common stock through its repurchase program and to shift capital to take advantage of opportunities that may arise over time as economic conditions evolve. Finally, as in recent prior quarters, the Company continues to expect ongoing operating expense reductions to contribute to forward results," said J. Rock Tonkel, Jr., the company's President and CEO.
|Over a quarter ago|
JMP Securities to hold a virtual conference » 10:2611/1211/12/20
AAIC, CHMI, GNL, LAZ, PFLT, TRTX, TSLX, TWO, PJT, PIPR, GPMT, ABR, CMO, COWN, DHC, HCI, PRA, RJF, RC, SBRA, SF, OMF, IMXI, ARR, ENVA, EFC, GHL, THG
Financial Services &…
Financial Services & Real Estate Virtual Conference will be held on November 12.
Arlington Asset Investment reports Q3 12c, consensus 3c » 11:1511/0411/04/20
Reports 3c non-GAAP core…
Reports 3c non-GAAP core operating income. Reports $5.92 per common share of book value. On Tuesday, the company said: "The Company is pleased with the performance of its investment portfolio and resulting 5% economic return during the third quarter against the backdrop of steady market conditions and lower volatility amid ongoing Federal Reserve support. The Company repurchased stock accretively during the quarter while also making positive progress toward key objectives for growing its investment portfolio and future earnings, diversifying risk and establishing multiple sources of income. Overall, the Company continues to operate with low leverage and financial flexibility, which permits it to take ongoing advantage of attractive asset return opportunities available today across multiple mortgage related and other asset classes that can offer compelling long term risk adjusted returns and value creation to shareholders." As of September 30, 2020, the company's mortgage investment portfolio totaled $858M at fair value, which includes $124M of mortgage loans of a consolidated variable interest entity.
Two new option listings and three option delistings on October 26th » 08:3010/2610/26/20
AAIC, RIDE, AI, DPHC, IMMU
New option listings for…
New option listings for October 26th include Arlington Asset Investment Corp (Class A Stock) (AAIC) and Lordstown Motors Corporation (Class A Stock) (RIDE). Option delistings effective October 26th include Arlington Asset Investment Corp (Class A Stock) (AI), DiamondPeak Holdings Corporation (Class A Stock) (DPHC), and Immunomedics Inc (IMMU).