Wolverine Asset Management LLC Sells 65,030 Shares of Angel Oak Mortgage REIT, Inc. (NYSE:AOMR)

Wolverine Asset Management LLC reduced its position in shares of Angel Oak Mortgage REIT, Inc. (NYSE:AOMR) by 58.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 45,602 shares of the company’s stock after selling 65,030 shares during the period. Wolverine Asset Management LLC owned 0.18% of Angel Oak Mortgage REIT worth $483,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the company. Rappaport Reiches Capital Management LLC bought a new position in shares of Angel Oak Mortgage REIT during the fourth quarter valued at about $190,000. Gladius Capital Management LP purchased a new stake in Angel Oak Mortgage REIT during the third quarter worth about $32,000. Finally, Nisa Investment Advisors LLC increased its holdings in Angel Oak Mortgage REIT by 19.2% during the third quarter. Nisa Investment Advisors LLC now owns 9,075 shares of the company’s stock worth $77,000 after buying an additional 1,460 shares during the last quarter. 80.15% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on AOMR shares. Wells Fargo & Company raised their price objective on shares of Angel Oak Mortgage REIT from $9.00 to $10.00 and gave the stock an “overweight” rating in a report on Thursday, March 7th. B. Riley restated a “neutral” rating and set a $12.00 price objective on shares of Angel Oak Mortgage REIT in a report on Tuesday, March 26th. Finally, Oppenheimer restated a “market perform” rating on shares of Angel Oak Mortgage REIT in a report on Wednesday, March 6th.

Angel Oak Mortgage REIT Price Performance

AOMR opened at $10.89 on Friday. The company has a market capitalization of $271.87 million, a price-to-earnings ratio of 8.07 and a beta of 1.40. The company has a quick ratio of 5.65, a current ratio of 5.65 and a debt-to-equity ratio of 4.57. The firm has a 50-day moving average price of $10.71 and a 200-day moving average price of $10.25. Angel Oak Mortgage REIT, Inc. has a twelve month low of $7.02 and a twelve month high of $11.92.

Angel Oak Mortgage REIT (NYSE:AOMR) last posted its earnings results on Tuesday, March 5th. The company reported ($0.28) earnings per share for the quarter, missing the consensus estimate of $0.16 by ($0.44). The business had revenue of $24.55 million during the quarter, compared to analysts’ expectations of $25.19 million. Angel Oak Mortgage REIT had a negative return on equity of 12.35% and a net margin of 35.14%. Equities analysts expect that Angel Oak Mortgage REIT, Inc. will post 0.91 EPS for the current year.

Angel Oak Mortgage REIT Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 29th. Stockholders of record on Thursday, February 22nd were paid a $0.32 dividend. The ex-dividend date was Wednesday, February 21st. This represents a $1.28 annualized dividend and a dividend yield of 11.75%. Angel Oak Mortgage REIT’s payout ratio is 94.81%.

Angel Oak Mortgage REIT Company 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.