Charles Schwab Investment Management Inc. Has $384,000 Stock Position in Angel Oak Mortgage REIT, Inc. (NYSE:AOMR)

Charles Schwab Investment Management Inc. lowered its stake in shares of Angel Oak Mortgage REIT, Inc. (NYSE:AOMR) by 7.6% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 36,821 shares of the company’s stock after selling 3,019 shares during the period. Charles Schwab Investment Management Inc. owned 0.16% of Angel Oak Mortgage REIT worth $384,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. Wolverine Asset Management LLC bought a new stake in Angel Oak Mortgage REIT during the third quarter worth $616,000. Renaissance Technologies LLC increased 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 raised its holdings in shares of 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 purchasing an additional 10,171 shares during the period. Finally, Allspring Global Investments Holdings LLC acquired a new stake in Angel Oak Mortgage REIT in the 3rd quarter valued at about $40,000. Institutional investors and hedge funds own 80.15% of the company’s stock.

Angel Oak Mortgage REIT Trading Up 0.7 %

AOMR stock opened at $9.20 on Friday. The stock has a market cap of $216.30 million, a price-to-earnings ratio of 3.13 and a beta of 1.46. The company has a fifty day moving average price of $9.53 and a two-hundred day moving average price of $10.87. Angel Oak Mortgage REIT, Inc. has a one year low of $8.88 and a one year high of $13.31. The company has a debt-to-equity ratio of 5.29, a current ratio of 5.76 and a quick ratio of 5.76.

Angel Oak Mortgage REIT Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Tuesday, November 19th were issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 13.91%. The ex-dividend date of this dividend was Tuesday, November 19th. Angel Oak Mortgage REIT’s payout ratio is 43.54%.

Analyst Ratings Changes

Separately, Wells Fargo & Company lowered their price target on Angel Oak Mortgage REIT from $13.00 to $12.00 and set an “overweight” rating on the stock in a research report on Thursday, November 7th. 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 a consensus rating of “Hold” and a consensus price target of $12.00.

Insider Activity at Angel Oak Mortgage REIT

In other news, Director W D. Minami acquired 5,000 shares of the stock in a transaction on Friday, November 8th. The shares were purchased at an average price of $9.73 per share, for a total transaction of $48,650.00. Following the transaction, the director now directly owns 45,259 shares of the company’s stock, valued at approximately $440,370.07. This represents a 12.42 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 2.50% of the stock is owned by company insiders.

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.