Masters Capital Management LLC Decreases Position in Angel Oak Mortgage REIT, Inc. (NYSE:AOMR)

Masters Capital Management LLC trimmed its position in Angel Oak Mortgage REIT, Inc. (NYSE:AOMR) by 3.0% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,115,000 shares of the company’s stock after selling 35,000 shares during the period. Masters Capital Management LLC owned about 4.46% of Angel Oak Mortgage REIT worth $14,606,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Gladius Capital Management LP acquired a new stake in shares of Angel Oak Mortgage REIT in the second quarter valued at about $35,000. Renaissance Technologies LLC grew its stake in Angel Oak Mortgage REIT by 21.2% during 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 in the last quarter. Ritholtz Wealth Management raised 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 valued at $514,000 after acquiring an additional 10,171 shares during the last quarter. O Shaughnessy Asset Management LLC lifted its stake in Angel Oak Mortgage REIT by 332.3% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 57,573 shares of the company’s stock worth $618,000 after purchasing an additional 44,256 shares in the last quarter. Finally, Vanguard Group Inc. boosted its holdings in shares of Angel Oak Mortgage REIT by 1.4% during 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. 80.15% of the stock is currently owned by hedge funds and other institutional investors.

Angel Oak Mortgage REIT Stock Performance

NYSE:AOMR opened at $10.37 on Tuesday. The company’s 50-day moving average is $11.57 and its two-hundred day moving average is $11.55. Angel Oak Mortgage REIT, Inc. has a 1-year low of $7.60 and a 1-year high of $13.31. The company has a debt-to-equity ratio of 5.36, a current ratio of 16.23 and a quick ratio of 16.23. The firm has a market capitalization of $259.24 million, a price-to-earnings ratio of 5.64 and a beta of 1.42.

Angel Oak Mortgage REIT (NYSE:AOMR) last issued its quarterly earnings data on Tuesday, August 6th. The company reported ($0.12) earnings per share for the quarter, missing the consensus estimate 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 during the quarter, compared to analysts’ expectations of $25.50 million. Analysts forecast that Angel Oak Mortgage REIT, Inc. will post 0.4 EPS for the current year.

Angel Oak Mortgage REIT Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Thursday, August 22nd were issued a $0.32 dividend. The ex-dividend date of this dividend was Thursday, August 22nd. This represents a $1.28 annualized dividend and a yield of 12.34%. Angel Oak Mortgage REIT’s dividend payout ratio (DPR) is currently 69.57%.

Insider Buying and Selling at Angel Oak Mortgage REIT

In other Angel Oak Mortgage REIT news, Director Jonathan Morgan sold 4,377 shares of Angel Oak Mortgage REIT 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 in the company, valued at $402,328.03. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Angel Oak Mortgage REIT news, Director Jonathan Morgan sold 4,377 shares of the company’s stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $12.17, for a total transaction of $53,268.09. Following the transaction, the director now directly owns 33,059 shares in the company, valued at $402,328.03. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 directly owns 75,818 shares of the company’s stock, valued at $835,514.36. The disclosure for this sale can be found here. Insiders have sold 35,571 shares of company stock valued at $403,502 over the last 90 days. 2.50% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Separately, BTIG Research started 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 research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $11.50.

Angel Oak Mortgage REIT 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.