Short Interest in Angel Oak Mortgage REIT, Inc. (NYSE:AOMR) Rises By 5.2%

Angel Oak Mortgage REIT, Inc. (NYSE:AOMR - Get Free Report) was the target of a large increase in short interest in September. As of September 15th, there was short interest totalling 116,600 shares, an increase of 5.2% from the August 31st total of 110,800 shares. Approximately 0.7% of the company's stock are short sold. Based on an average daily volume of 160,900 shares, the short-interest ratio is currently 0.7 days.

Angel Oak Mortgage REIT Stock Performance

Shares of AOMR stock traded down $0.07 on Tuesday, hitting $10.36. 85,964 shares of the stock traded hands, compared to its average volume of 84,715. The company's fifty day moving average is $11.34 and its 200 day moving average is $11.55. Angel Oak Mortgage REIT has a 1-year low of $7.60 and a 1-year high of $13.31. The company has a market capitalization of $258.99 million, a PE ratio of 5.63 and a beta of 1.42. The company has a debt-to-equity ratio of 5.36, a current ratio of 16.23 and a quick ratio of 16.23.

Angel Oak Mortgage REIT (NYSE:AOMR - Get Free Report) last issued its earnings results on Tuesday, August 6th. The company reported ($0.12) earnings per share for the quarter, missing analysts' consensus estimates of $0.11 by ($0.23). Angel Oak Mortgage REIT had a negative return on equity of 6.67% and a net margin of 49.69%. The business had revenue of $25.90 million for the quarter, compared to analyst estimates of $25.50 million. On average, equities research analysts predict that Angel Oak Mortgage REIT will post 0.4 earnings per share for the current fiscal year.

Angel Oak Mortgage REIT Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Thursday, August 22nd were paid a dividend of $0.32 per share. The ex-dividend date was Thursday, August 22nd. This represents a $1.28 annualized dividend and a yield of 12.36%. Angel Oak Mortgage REIT's dividend payout ratio (DPR) is 69.57%.

Insider Activity at Angel Oak Mortgage REIT

In other news, Director Jonathan Morgan sold 4,377 shares of Angel Oak Mortgage REIT stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $12.17, for a total transaction of $53,268.09. Following the sale, the director now directly owns 33,059 shares of the company's stock, valued at $402,328.03. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, CFO Brandon Filson sold 22,894 shares of Angel Oak Mortgage REIT stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $11.02, for a total value 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. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Jonathan Morgan sold 4,377 shares of the stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $12.17, for a total transaction of $53,268.09. Following the transaction, the director now owns 33,059 shares in the company, valued at $402,328.03. The disclosure for this sale can be found here. In the last three months, insiders sold 35,571 shares of company stock valued at $403,502. Corporate insiders own 2.50% of the company's stock.

Hedge Funds Weigh In On Angel Oak Mortgage REIT

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Masters Capital Management LLC boosted its holdings in shares of Angel Oak Mortgage REIT by 15.9% during the fourth quarter. Masters Capital Management LLC now owns 1,149,378 shares of the company's stock valued at $12,183,000 after acquiring an additional 157,378 shares during the period. O Shaughnessy Asset Management LLC boosted its stake in 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 valued at $618,000 after purchasing an additional 44,256 shares during the period. Vanguard Group Inc. grew its position in Angel Oak Mortgage REIT by 1.4% in the 1st quarter. Vanguard Group Inc. now owns 864,368 shares of the company's stock worth $9,283,000 after purchasing an additional 12,208 shares during the last quarter. Ritholtz Wealth Management increased its stake in shares of Angel Oak Mortgage REIT by 35.0% in the second quarter. Ritholtz Wealth Management now owns 39,212 shares of the company's stock valued at $514,000 after purchasing an additional 10,171 shares during the period. Finally, Renaissance Technologies LLC raised its holdings in shares of Angel Oak Mortgage REIT by 21.2% during the second quarter. Renaissance Technologies LLC now owns 25,200 shares of the company's stock valued at $330,000 after buying an additional 4,400 shares during the last quarter. 80.15% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, BTIG Research assumed 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 on the stock. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $11.50.

About Angel Oak Mortgage REIT

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.