Wolverine Asset Management LLC acquired a new position in shares of Angel Oak Mortgage REIT, Inc. (NYSE:AOMR - Free Report) during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 59,019 shares of the company's stock, valued at approximately $616,000. Wolverine Asset Management LLC owned approximately 0.25% of Angel Oak Mortgage REIT at the end of the most recent reporting period.
Other institutional investors have also bought and sold shares of the company. Gladius Capital Management LP bought a new position in Angel Oak Mortgage REIT in the 2nd quarter valued at $35,000. Allspring Global Investments Holdings LLC purchased a new stake in Angel Oak Mortgage REIT during the third quarter worth $40,000. Renaissance Technologies LLC lifted its stake in shares of Angel Oak Mortgage REIT by 21.2% during the 2nd quarter. Renaissance Technologies LLC now owns 25,200 shares of the company's stock worth $330,000 after purchasing an additional 4,400 shares during the last quarter. Ritholtz Wealth Management grew its holdings in Angel Oak Mortgage REIT by 35.0% in the second quarter. Ritholtz Wealth Management now owns 39,212 shares of the company's stock worth $514,000 after purchasing an additional 10,171 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC grew 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 worth $618,000 after buying an additional 44,256 shares during the last quarter. Institutional investors own 80.15% of the company's stock.
Wall Street Analyst Weigh In
AOMR has been the subject of a number of research analyst reports. Wells Fargo & Company reduced their target price on Angel Oak Mortgage REIT from $13.00 to $12.00 and set an "overweight" rating for the company in a research note on Thursday, November 7th. BTIG Research assumed coverage on Angel Oak Mortgage REIT in a report on Wednesday, July 31st. They issued a "buy" rating and a $13.50 price target for the company. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $12.00.
View Our Latest Report on Angel Oak Mortgage REIT
Insiders Place Their Bets
In other news, Director W D. Minami purchased 5,000 shares of the business's stock in a transaction dated Friday, November 8th. The stock was acquired at an average price 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 $440,370.07. This represents a 12.42 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Brandon Filson sold 22,894 shares of the company's stock in a transaction dated Thursday, September 5th. The shares were 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 directly owns 75,818 shares in the company, valued at $835,514.36. This trade represents a 23.19 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 29,948 shares of company stock worth $336,083 in the last quarter. 2.50% of the stock is owned by company insiders.
Angel Oak Mortgage REIT Trading Down 1.6 %
NYSE:AOMR traded down $0.16 on Thursday, reaching $9.86. The company's stock had a trading volume of 90,270 shares, compared to its average volume of 86,945. Angel Oak Mortgage REIT, Inc. has a 12-month low of $8.88 and a 12-month high of $13.31. The stock has a 50 day moving average price of $9.95 and a 200 day moving average price of $11.27. The firm has a market cap of $231.81 million, a price-to-earnings ratio of 3.35 and a beta of 1.43. The company has a quick ratio of 5.76, a current ratio of 5.76 and a debt-to-equity ratio of 5.29.
Angel Oak Mortgage REIT Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Tuesday, November 19th will be issued a dividend of $0.32 per share. The ex-dividend date of this dividend is Tuesday, November 19th. This represents a $1.28 dividend on an annualized basis and a yield of 12.98%. Angel Oak Mortgage REIT's dividend payout ratio (DPR) is presently 43.54%.
About Angel Oak Mortgage REIT
(
Free Report)
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.
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