Hide

FocusBar

Subscribe to Premium Member
Free 7-day Trial
All Articles and Columns »

NWQ Managers Buy Arlington Asset Investment Corporation (AI)

June 12, 2009 | About:
Trader Mark

guruek

79 followers
(GuruFocus, June 11, 2009) Investment Gurus at NWQ Managers have recently initiated a new position in mortgage REIT Arlington Asset Investment Corporation (AI), formerly Friedman, Billings, Ramsey Group Inc.(FBR). On May 29, 2009, NWQ bought 5.6 million shares of FBR at the average price of $0.38 per share.

Arlington Asset Investment Corporation (AI), formerly Friedman, Billings, Ramsey Group, Inc., invests on a leveraged basis in residential mortgage-backed securities (MBS), including collateralized mortgage obligations (CMOs), either issued by a United States Government agency, or guaranteed as to principal and interest by United States Government agencies or United States Government-sponsored entities. Arlington Asset Investment Corporation has a market cap of $70 million; its shares were traded at around $0.44 with and P/S ratio of 0.1.

On June 5, the company announced to assume the name of Arlington Asset Investment Corporation (AI), a change from the previous name of Friedman, Billings, Ramsey Group, Inc., in order to distinguish the company from FBR Capital Markets (FBCM). The change is effective on June 10, 2009.

GuruFocus provides Real Time Guru Picks and Insider Buys/Sells information for Premium Member. If you are not a premium member, click here to sign up or upgrade. 7-Day Free Trial is available. 

Tickers in the article:


Download guru portfolio report (PDF format):

NWQ ManagersDownload Guru portfolio report
NWQ Managers (Updated on 06/18/2013)

Track Gurus’ Stock Purchases Daily – Real Time Guru Picks

GuruFocus "Real Time Picks" reports the stock purchases and sales that Gurus have made within the prior 2 weeks. The report time lag can be as short as 3 days after the date of the transaction. This is just one of the features provided with GuruFocus Premium Membership.

Click Here to Try It Free!


Rating: 2.9/5 (14 votes)

Comments

Please leave your comment:


More Gurufocus Links

Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)
Free 7-day Trial
FEEDBACK

This article has been successfully added into your Bookmark.

Members Only. Please Sign Up or Log In first.

Bookmark of this article has been deleted.