Angel Oak Mortgage REIT, Inc. (NYSE:AOMR) CFO Sells $22,920.00 in Stock

Angel Oak Mortgage REIT, Inc. (NYSE:AOMR) CFO Brandon Filson sold 2,000 shares of the business’s stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $11.46, for a total value of $22,920.00. Following the completion of the sale, the chief financial officer now owns 103,818 shares in the company, valued at $1,189,754.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Brandon Filson also recently made the following trade(s):

• On Tuesday, September 3rd, Brandon Filson sold 677 shares of Angel Oak Mortgage REIT stock. The shares were sold at an average price of $11.23, for a total transaction of $7,602.71.

Angel Oak Mortgage REIT Price Performance

Shares of NYSE:AOMR opened at $11.09 on Friday. The company has a 50 day moving average of $11.96 and a 200 day moving average of $11.53. The company has a current ratio of 16.23, a quick ratio of 16.23 and a debt-to-equity ratio of 5.36. The stock has a market cap of $277.24 million, a P/E ratio of 6.03 and a beta of 1.44. Angel Oak Mortgage REIT, Inc. has a 12 month low of $7.60 and a 12 month high of $13.31.

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). Angel Oak Mortgage REIT had a negative return on equity of 6.67% and a net margin of 49.69%. The business had revenue of $25.90 million during the quarter, compared to analysts’ expectations of $25.50 million. As a group, sell-side analysts forecast that Angel Oak Mortgage REIT, Inc. 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. Investors of record on Thursday, August 22nd were paid a $0.32 dividend. The ex-dividend date was Thursday, August 22nd. This represents a $1.28 dividend on an annualized basis and a yield of 11.54%. Angel Oak Mortgage REIT’s dividend payout ratio is presently 69.57%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on AOMR shares. UBS Group raised their price objective on shares of Angel Oak Mortgage REIT from $10.00 to $10.50 and gave the stock a “neutral” rating in a report on Tuesday, May 14th. 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 target price on the stock. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $11.50.

Hedge Funds Weigh In On Angel Oak Mortgage REIT

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Gladius Capital Management LP bought a new stake in Angel Oak Mortgage REIT in the 2nd quarter worth approximately $35,000. Renaissance Technologies LLC grew its position in shares of 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 last quarter. Newbridge Financial Services Group Inc. purchased a new position in shares of Angel Oak Mortgage REIT during the first quarter valued at approximately $50,000. Ritholtz Wealth Management raised its holdings 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 valued at $514,000 after acquiring an additional 10,171 shares in the last quarter. Finally, Vanguard Group Inc. lifted its stake in Angel Oak Mortgage REIT by 1.4% in the first quarter. Vanguard Group Inc. now owns 864,368 shares of the company’s stock worth $9,283,000 after acquiring an additional 12,208 shares during the period. 80.15% of the stock is currently owned by hedge funds and other institutional investors.

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.