Arlington Asset Investment Corp (NYSE:AI)’s President and Ceo Rock J Tonkel received 36,102 shares of Class A common stock, at a price of$27.7 per share. The stock was granted on June 11, 2014, pursuant to the Company’s 2011 Long-Term Incentive Plan. Following this transaction, Mr. Tonkel owns 273,984 shares at the company. “The vesting schedule provides that these Restricted Shares will vest and become nonforfeitable, subject to Mr. Tonkel’s continued employment, as follows: (a) with respect to one-half of the Restricted Shares, on June 11, 2017; and (b) with respect to the other one-half of the Restricted Shares, on June 11, 2018. The reporting person will be entitled to dividends and voting rights with respect to all of the shares of Restricted Stock in his Restricted Stock award including shares subject to forfeiture restrictions,” (SEC). This $543.28 million Market Cap Company hasn’t witnessed any insider purchase since 2011, when Director Daniel Berce acquired 5,000 shares, at a price of $ 27.82 per share, during Q1 2011.
Furthermore, some hedge funds have been feeling bullish about Arlington Asset Investment Corp (NYSE:AI). Cliff Asness’ Aqr Capital Management and Jim Simons’ Renaissance Technologies increased their stake at the company the last reported quarter, by 11% and 37% respectively. Following this increase, Aqr Capital Management currently owns 242,257 shares, worth above $6 million, which represents 0.01% of the fund’s Equity Portfolio, and Renaissance Technologies owns 206,317 shares, worth more than $5 million, accounting for 0.01% of its Equity Portfolio.