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 large drop in short interest during the month of August. As of August 31st, there was short interest totalling 110,800 shares, a drop of 17.6% from the August 15th total of 134,400 shares. Based on an average daily volume of 133,900 shares, the short-interest ratio is currently 0.8 days. Currently, 0.6% of the shares of the stock are sold short.

Angel Oak Mortgage REIT Trading Up 1.2 %

NYSE:AOMR opened at $10.53 on Wednesday. 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 business’s 50-day simple moving average is $11.68 and its 200-day simple moving average is $11.54. Angel Oak Mortgage REIT has a fifty-two week low of $7.60 and a fifty-two week high of $13.31. The stock has a market capitalization of $263.24 million, a PE ratio of 5.72 and a beta of 1.42.

Angel Oak Mortgage REIT (NYSE:AOMR) last released its quarterly earnings results on Tuesday, August 6th. The company reported ($0.12) earnings per share 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 company had revenue of $25.90 million during the quarter, compared to analyst estimates of $25.50 million. Sell-side analysts expect that Angel Oak Mortgage REIT will post 0.4 earnings per share for the current fiscal year.

Angel Oak Mortgage REIT Announces Dividend

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

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 price objective for the company. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $11.50.

Insider Activity at Angel Oak Mortgage REIT

In other Angel Oak Mortgage REIT news, Director Jonathan Morgan sold 5,623 shares of the company’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $11.99, for a total transaction of $67,419.77. Following the sale, the director now directly owns 37,436 shares of the company’s stock, valued at $448,857.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other Angel Oak Mortgage REIT news, Director Jonathan Morgan sold 5,623 shares of the stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $11.99, for a total transaction of $67,419.77. Following the sale, the director now owns 37,436 shares of the company’s stock, valued at approximately $448,857.64. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Brandon Filson sold 22,894 shares of the firm’s stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $11.02, for a total transaction of $252,291.88. Following the completion of the sale, the chief financial officer now directly owns 75,818 shares of the company’s stock, valued at approximately $835,514.36. The disclosure for this sale can be found here. Insiders sold 35,571 shares of company stock valued at $403,502 in the last ninety days. Insiders own 2.50% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of AOMR. Gladius Capital Management LP acquired a new stake in Angel Oak Mortgage REIT in the 2nd quarter valued at approximately $35,000. Newbridge Financial Services Group Inc. bought a new stake in shares of Angel Oak Mortgage REIT in the first quarter worth $50,000. Renaissance Technologies LLC boosted its holdings in Angel Oak Mortgage REIT by 21.2% during the second quarter. Renaissance Technologies LLC now owns 25,200 shares of the company’s stock worth $330,000 after purchasing an additional 4,400 shares during the last quarter. Ritholtz Wealth Management boosted its holdings in 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 purchasing an additional 10,171 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC increased its stake in Angel Oak Mortgage REIT by 332.3% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 57,573 shares of the company’s stock valued at $618,000 after buying an additional 44,256 shares during the last quarter. 80.15% of the stock is owned by institutional investors and hedge funds.

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.