Jacobs Levy Equity Management Inc. Takes $1.52 Million Position in Angel Oak Mortgage REIT, Inc. (NYSE:AOMR)

Jacobs Levy Equity Management Inc. acquired a new stake in shares of Angel Oak Mortgage REIT, Inc. (NYSE:AOMR - Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 145,291 shares of the company's stock, valued at approximately $1,515,000. Jacobs Levy Equity Management Inc. owned 0.62% of Angel Oak Mortgage REIT as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Wolverine Asset Management LLC bought a new position in Angel Oak Mortgage REIT during the 3rd quarter valued at approximately $616,000. Allspring Global Investments Holdings LLC purchased a new position in shares of Angel Oak Mortgage REIT during the third quarter valued at approximately $40,000. Ritholtz Wealth Management raised its holdings in shares of Angel Oak Mortgage REIT by 32.3% during the third quarter. Ritholtz Wealth Management now owns 51,862 shares of the company's stock valued at $541,000 after acquiring an additional 12,650 shares in the last quarter. Renaissance Technologies LLC lifted its stake in Angel Oak Mortgage REIT by 21.2% in the second quarter. Renaissance Technologies LLC now owns 25,200 shares of the company's stock worth $330,000 after acquiring an additional 4,400 shares during the period. Finally, Gladius Capital Management LP purchased a new position in Angel Oak Mortgage REIT during the 2nd quarter valued at $35,000. Institutional investors own 80.15% of the company's stock.

Insider Activity at Angel Oak Mortgage REIT

In related news, Director W D. Minami acquired 5,000 shares of the stock in a transaction dated Friday, November 8th. The stock was acquired at an average cost of $9.73 per share, with a total value of $48,650.00. Following the purchase, the director now directly owns 45,259 shares of the company's stock, valued at approximately $440,370.07. This trade represents a 12.42 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 2.50% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Separately, Wells Fargo & Company cut their target price on shares of Angel Oak Mortgage REIT from $13.00 to $12.00 and set an "overweight" rating on the stock in a research note on Thursday, November 7th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $12.00.

Angel Oak Mortgage REIT Stock Up 0.4 %

Angel Oak Mortgage REIT stock traded up $0.04 during mid-day trading on Monday, hitting $9.39. The company had a trading volume of 35,942 shares, compared to its average volume of 87,603. 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, Inc. has a 12 month low of $8.88 and a 12 month high of $13.31. The company has a market capitalization of $220.76 million, a PE ratio of 3.18 and a beta of 1.46. The stock's 50 day moving average price is $9.67 and its two-hundred day moving average price is $11.03.

Angel Oak Mortgage REIT Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Tuesday, November 19th were issued a $0.32 dividend. The ex-dividend date was Tuesday, November 19th. This represents a $1.28 annualized dividend and a dividend yield of 13.63%. Angel Oak Mortgage REIT's dividend payout ratio (DPR) is 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.