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

Angel Oak Mortgage REIT, Inc. (NYSE:AOMR) was the recipient of a significant decrease in short interest during the month of 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. Currently, 0.6% of the company’s stock are sold short. Based on an average daily volume of 133,900 shares, the short-interest ratio is presently 0.8 days.

Insider Activity at Angel Oak Mortgage REIT

In other Angel Oak Mortgage REIT news, Director Jonathan Morgan sold 5,623 shares of the business’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $11.99, for a total transaction of $67,419.77. Following the transaction, the director now owns 37,436 shares of the company’s stock, valued at approximately $448,857.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CFO Brandon Filson sold 22,894 shares of the firm’s stock in a transaction dated 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 in the company, valued at approximately $835,514.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jonathan Morgan sold 5,623 shares of Angel Oak Mortgage REIT stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $11.99, for a total value of $67,419.77. Following the transaction, the director now owns 37,436 shares of the company’s stock, valued at approximately $448,857.64. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 35,571 shares of company stock valued at $403,502. Insiders own 2.50% of the company’s stock.

Institutional Investors Weigh In On Angel Oak Mortgage REIT

A number of hedge funds and other institutional investors have recently modified their holdings of AOMR. Gladius Capital Management LP bought a new position in Angel Oak Mortgage REIT during the second quarter worth about $35,000. Newbridge Financial Services Group Inc. bought a new position in shares of Angel Oak Mortgage REIT during the first quarter worth approximately $50,000. Renaissance Technologies LLC raised its position in shares of Angel Oak Mortgage REIT by 21.2% in the second quarter. Renaissance Technologies LLC now owns 25,200 shares of the company’s stock valued at $330,000 after buying an additional 4,400 shares in the last quarter. Ritholtz Wealth Management raised its position in shares of Angel Oak Mortgage REIT by 35.0% in the second quarter. Ritholtz Wealth Management now owns 39,212 shares of the company’s stock valued at $514,000 after buying an additional 10,171 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC grew its position in 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 buying an additional 44,256 shares in the last quarter. Institutional investors and hedge funds own 80.15% of the company’s stock.

Wall Street Analyst Weigh In

Separately, BTIG Research initiated coverage on Angel Oak Mortgage REIT in a research note on Wednesday, July 31st. They set a “buy” rating and a $13.50 target price for the company. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $11.50.

Angel Oak Mortgage REIT Stock Performance

Shares of AOMR stock opened at $10.53 on Wednesday. The company has a market capitalization of $263.24 million, a price-to-earnings ratio of 5.72 and a beta of 1.42. The company has a debt-to-equity ratio of 5.36, a quick ratio of 16.23 and a current ratio of 16.23. Angel Oak Mortgage REIT has a 52 week low of $7.60 and a 52 week high of $13.31. The company has a 50-day simple moving average of $11.68 and a 200 day simple moving average of $11.54.

Angel Oak Mortgage REIT (NYSE:AOMR) last issued its quarterly earnings data on Tuesday, August 6th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.23). The firm had revenue of $25.90 million for the quarter, compared to the consensus estimate of $25.50 million. Angel Oak Mortgage REIT had a negative return on equity of 6.67% and a net margin of 49.69%. On average, sell-side analysts predict that Angel Oak Mortgage REIT will post 0.4 earnings per share for the current year.

Angel Oak Mortgage REIT Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Thursday, August 22nd were given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 12.16%. The ex-dividend date was Thursday, August 22nd. Angel Oak Mortgage REIT’s payout ratio is 69.57%.

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.