Insider Bets Paying Off At AI As New 52-Week High Reached

In trading on Monday, shares of Arlington Asset Investment Corp ( AI) touched a new 52-week high of $16.04/share. That's a 70.28% rise, or $6.62 per share from the 52-week low of $9.42 set back on 01/20/2016. That means at today's intraday high, any investor who purchased AI stock any time over the past 52 weeks has an unrealized gain, including company insiders.

Over the past six months, insiders have been scooping up shares, and those bets are now paying off handsomely. As summarized by the table below, AI has seen 2 different instances of insiders buying over the trailing six month period.

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Purchased Insider Title Shares Price/Share Value
05/20/2016 J. Rock Tonkel Jr. President and CEO 17,500 $12.37 $216,425.00
06/06/2016 Eric F. Billings Executive Chairman 18,516 $13.58 $251,516.42

The chart below shows where AI has traded over the past year, with the 50-day and 200-day moving averages included.

Arlington Asset Investment Corp Moving Averages Chart

In afternoon trading on Monday, AI shares are changing hands at $15.69/share, slightly below the new 52-week high.

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