Brandon Filson Sells 22,894 Shares of Angel Oak Mortgage REIT, Inc. (NYSE:AOMR) Stock

Angel Oak Mortgage REIT, Inc. (NYSE:AOMR) CFO Brandon Filson sold 22,894 shares of the business’s stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $11.02, for a total value of $252,291.88. Following the completion of the transaction, the chief financial officer now directly owns 75,818 shares in the company, valued at approximately $835,514.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

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 stock was sold at an average price of $11.23, for a total value of $7,602.71.
• On Thursday, August 29th, Brandon Filson sold 2,000 shares of Angel Oak Mortgage REIT stock. The shares were sold at an average price of $11.46, for a total value of $22,920.00.

Angel Oak Mortgage REIT Stock Down 1.4 %

Shares of NYSE:AOMR traded down $0.16 during mid-day trading on Friday, reaching $10.93. 54,137 shares of the stock were exchanged, compared to its average volume of 75,811. The company has a quick ratio of 16.23, a current ratio of 16.23 and a debt-to-equity ratio of 5.36. The company has a market cap of $273.24 million, a P/E ratio of 5.97 and a beta of 1.42. Angel Oak Mortgage REIT, Inc. has a one year low of $7.60 and a one year high of $13.31. The stock’s 50 day simple moving average is $11.96 and its 200-day simple moving average is $11.53.

Angel Oak Mortgage REIT (NYSE:AOMR) last posted 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 firm had revenue of $25.90 million for the quarter, compared to the consensus estimate of $25.50 million. As a group, equities research analysts predict that Angel Oak Mortgage REIT, Inc. will post 0.4 EPS for the current year.

Angel Oak Mortgage REIT Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Thursday, August 22nd were given a dividend of $0.32 per share. The ex-dividend date of this dividend was Thursday, August 22nd. This represents a $1.28 annualized dividend and a yield of 11.71%. Angel Oak Mortgage REIT’s dividend payout ratio (DPR) is presently 69.57%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on AOMR shares. BTIG Research started coverage on Angel Oak Mortgage REIT in a report on Wednesday, July 31st. They issued a “buy” rating and a $13.50 price objective for the company. UBS Group increased their price target on Angel Oak Mortgage REIT from $10.00 to $10.50 and gave the stock a “neutral” rating in a report on Tuesday, May 14th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $11.50.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of AOMR. Masters Capital Management LLC boosted its position in Angel Oak Mortgage REIT by 15.9% during the fourth quarter. Masters Capital Management LLC now owns 1,149,378 shares of the company’s stock valued at $12,183,000 after purchasing an additional 157,378 shares during the last quarter. Newbridge Financial Services Group Inc. acquired a new stake in shares of Angel Oak Mortgage REIT in the first quarter valued at approximately $50,000. Vanguard Group Inc. lifted its position in shares of Angel Oak Mortgage REIT by 1.4% in the first quarter. Vanguard Group Inc. now owns 864,368 shares of the company’s stock valued at $9,283,000 after buying an additional 12,208 shares during the last quarter. O Shaughnessy Asset Management LLC lifted its position in shares of Angel Oak Mortgage REIT by 332.3% in the first 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. Finally, Gladius Capital Management LP acquired a new stake in Angel Oak Mortgage REIT during the 2nd quarter worth approximately $35,000. 80.15% of the stock is owned by institutional investors and hedge funds.

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.