Angel Oak Mortgage REIT, Inc. (NYSE:AOMR) Director Buys $48,650.00 in Stock

Angel Oak Mortgage REIT, Inc. (NYSE:AOMR) Director W D. Minami acquired 5,000 shares of the stock in a transaction that occurred on Friday, November 8th. The stock was purchased at an average cost of $9.73 per share, with a total value of $48,650.00. Following the completion of the acquisition, the director now owns 45,259 shares of the company’s stock, valued at $440,370.07. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Angel Oak Mortgage REIT Stock Up 1.1 %

Shares of AOMR opened at $10.02 on Thursday. 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 market capitalization of $235.57 million, a P/E ratio of 3.41 and a beta of 1.43. The company has a debt-to-equity ratio of 5.29, a current ratio of 5.76 and a quick ratio of 5.76. The business’s 50 day simple moving average is $9.97 and its 200-day simple moving average is $11.28.

Angel Oak Mortgage REIT Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Tuesday, November 19th will be paid a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 12.77%. The ex-dividend date of this dividend is Tuesday, November 19th. Angel Oak Mortgage REIT’s dividend payout ratio (DPR) is 43.54%.

Hedge Funds Weigh In On Angel Oak Mortgage REIT

Several hedge funds have recently added to or reduced their stakes in the stock. Wolverine Asset Management LLC bought a new stake in Angel Oak Mortgage REIT during the third quarter worth $616,000. O Shaughnessy Asset Management LLC lifted its holdings in Angel Oak Mortgage REIT by 332.3% during 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 during the last quarter. Ritholtz Wealth Management boosted its holdings in Angel Oak Mortgage REIT by 32.3% in the 3rd quarter. Ritholtz Wealth Management now owns 51,862 shares of the company’s stock valued at $541,000 after purchasing an additional 12,650 shares during the period. Vanguard Group Inc. lifted its position 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 valued at $9,283,000 after acquiring an additional 12,208 shares during the period. Finally, Renaissance Technologies LLC increased its stake in 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 acquiring an additional 4,400 shares during the last quarter. Institutional investors and hedge funds own 80.15% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on the stock. Wells Fargo & Company decreased their target price on shares of Angel Oak Mortgage REIT from $13.00 to $12.00 and set an “overweight” rating for the company in a research report on Thursday, November 7th. BTIG Research started coverage on shares of Angel Oak Mortgage REIT in a research report on Wednesday, July 31st. They issued a “buy” rating and a $13.50 target price for the company. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $12.00.

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.