Angel Oak Mortgage REIT, Inc. (NYSE:AOMR) Sees Significant Decline in Short Interest

Angel Oak Mortgage REIT, Inc. (NYSE:AOMR) was the target of a large decrease in short interest in August. As of August 31st, there was short interest totalling 110,800 shares, a decrease of 17.6% from the August 15th total of 134,400 shares. Based on an average trading volume of 133,900 shares, the days-to-cover ratio is presently 0.8 days. Currently, 0.6% of the company’s stock are short sold.

Insider Transactions at Angel Oak Mortgage REIT

In other Angel Oak Mortgage REIT news, Director Jonathan Morgan sold 4,377 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the director now directly owns 33,059 shares of the company’s stock, valued at approximately $402,328.03. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, CFO Brandon Filson sold 22,894 shares of the firm’s stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $11.02, for a total transaction of $252,291.88. Following the sale, the chief financial officer now owns 75,818 shares in the company, valued at $835,514.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jonathan Morgan sold 4,377 shares of Angel Oak Mortgage REIT stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $12.17, for a total value of $53,268.09. Following the completion of the transaction, the director now owns 33,059 shares in the company, valued at approximately $402,328.03. The disclosure for this sale can be found here. In the last ninety days, insiders sold 35,571 shares of company stock valued at $403,502. 2.50% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Angel Oak Mortgage REIT

Several institutional investors and hedge funds have recently added to or reduced their stakes in AOMR. Gladius Capital Management LP acquired a new stake in shares of Angel Oak Mortgage REIT during the second quarter worth $35,000. Newbridge Financial Services Group Inc. purchased a new stake in Angel Oak Mortgage REIT during the first quarter valued at about $50,000. Renaissance Technologies LLC boosted its holdings in Angel Oak Mortgage REIT by 21.2% in the 2nd quarter. Renaissance Technologies LLC now owns 25,200 shares of the company’s stock worth $330,000 after buying an additional 4,400 shares during the period. Ritholtz Wealth Management lifted its position in shares of Angel Oak Mortgage REIT by 35.0% during the second quarter. Ritholtz Wealth Management now owns 39,212 shares of the company’s stock worth $514,000 after acquiring an additional 10,171 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC lifted its position in shares of Angel Oak Mortgage REIT by 332.3% during the first quarter. O Shaughnessy Asset Management LLC now owns 57,573 shares of the company’s stock worth $618,000 after acquiring an additional 44,256 shares in the last quarter. Institutional investors own 80.15% of the company’s stock.

Wall Street Analyst Weigh In

Separately, BTIG Research began coverage on Angel Oak Mortgage REIT in a research report on Wednesday, July 31st. They set a “buy” rating and a $13.50 price objective for the company. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $11.50.

Angel Oak Mortgage REIT Trading Up 0.4 %

AOMR traded up $0.04 during mid-day trading on Wednesday, hitting $10.56. The stock had a trading volume of 31,902 shares, compared to its average volume of 80,104. The stock’s fifty day simple moving average is $11.68 and its 200-day simple moving average is $11.54. 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 $263.99 million, a price-to-earnings ratio of 5.72 and a beta of 1.42. Angel Oak Mortgage REIT has a 1-year low of $7.60 and a 1-year high of $13.31.

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

Angel Oak Mortgage REIT Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Thursday, August 22nd were given a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 12.12%. The ex-dividend date of this dividend was Thursday, August 22nd. Angel Oak Mortgage REIT’s payout ratio is presently 69.57%.

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.