Angel Oak Mortgage REIT, Inc. (NYSE:AOMR) Short Interest Up 24.3% in October

Angel Oak Mortgage REIT, Inc. (NYSE:AOMR - Get Free Report) saw a large increase in short interest in the month of October. As of October 31st, there was short interest totalling 92,700 shares, an increase of 24.3% from the October 15th total of 74,600 shares. Approximately 0.5% of the company's stock are sold short. Based on an average daily trading volume, of 138,100 shares, the short-interest ratio is presently 0.7 days.

Insider Activity

In other news, Director Jonathan Morgan sold 4,377 shares of the business's stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $12.17, for a total transaction of $53,268.09. Following the completion of the sale, the director now directly owns 33,059 shares of the company's stock, valued at $402,328.03. The trade was a 11.69 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Brandon Filson sold 22,894 shares of the company's stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $11.02, for a total transaction of $252,291.88. Following the completion of the sale, the chief financial officer now owns 75,818 shares in the company, valued at $835,514.36. This represents a 23.19 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 29,948 shares of company stock worth $336,083 in the last three months. Company insiders own 2.50% of the company's stock.

Hedge Funds Weigh In On Angel Oak Mortgage REIT

Institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its stake in Angel Oak Mortgage REIT by 1.4% in the first quarter. Vanguard Group Inc. now owns 864,368 shares of the company's stock valued at $9,283,000 after purchasing an additional 12,208 shares during the last quarter. O Shaughnessy Asset Management LLC grew its stake in shares of Angel Oak Mortgage REIT by 332.3% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 57,573 shares of the company's stock worth $618,000 after acquiring an additional 44,256 shares during the period. Gladius Capital Management LP bought a new position in shares of Angel Oak Mortgage REIT during the 2nd quarter worth $35,000. Ritholtz Wealth Management increased its holdings in Angel Oak Mortgage REIT by 35.0% in the 2nd quarter. Ritholtz Wealth Management now owns 39,212 shares of the company's stock worth $514,000 after acquiring an additional 10,171 shares during the last quarter. Finally, Renaissance Technologies LLC raised its stake in Angel Oak Mortgage REIT by 21.2% in the 2nd quarter. Renaissance Technologies LLC now owns 25,200 shares of the company's stock valued at $330,000 after acquiring an additional 4,400 shares during the period. Institutional investors own 80.15% of the company's stock.

Wall Street Analyst Weigh In

AOMR has been the subject of several recent research reports. Wells Fargo & Company decreased their price target on Angel Oak Mortgage REIT from $13.00 to $12.00 and set an "overweight" rating for the company in a report on Thursday, November 7th. BTIG Research initiated coverage on shares of Angel Oak Mortgage REIT in a research note on Wednesday, July 31st. They issued a "buy" rating and a $13.50 target price for the company. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $12.00.

Angel Oak Mortgage REIT Stock Performance

Shares of AOMR traded down $0.06 on Friday, reaching $9.80. 94,397 shares of the company's stock traded hands, compared to its average volume of 119,079. The stock's 50 day simple moving average is $9.93 and its two-hundred day simple moving average is $11.27. The stock has a market cap of $230.40 million, a PE ratio of 3.33 and a beta of 1.43. Angel Oak Mortgage REIT has a 52-week low of $8.88 and a 52-week high of $13.31. The company has a current ratio of 5.76, a quick ratio of 5.76 and a debt-to-equity ratio of 5.29.

Angel Oak Mortgage REIT Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Tuesday, November 19th will be issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 13.06%. The ex-dividend date is Tuesday, November 19th. Angel Oak Mortgage REIT's dividend payout ratio (DPR) is currently 43.54%.

Angel Oak Mortgage REIT Company Profile

Angel Oak Mortgage REIT, Inc, a real estate finance company, focuses on acquiring and investing in first lien non- qualified mortgage loans and other mortgage-related assets in the United States mortgage market. It offers investment securities; residential mortgage loans; and commercial mortgage loans.