W D. Minami Buys 5,000 Shares of Angel Oak Mortgage REIT, Inc. (NYSE:AOMR) Stock

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

Angel Oak Mortgage REIT Stock Up 1.1 %

AOMR stock opened at $10.02 on Thursday. The company has a debt-to-equity ratio of 5.29, a quick ratio of 5.76 and a current ratio of 5.76. Angel Oak Mortgage REIT, Inc. has a one year low of $8.88 and a one year high of $13.31. The firm’s fifty day moving average is $9.97 and its 200 day moving average is $11.28. The firm has a market cap of $235.57 million, a PE ratio of 3.41 and a beta of 1.43.

Angel Oak Mortgage REIT Dividend Announcement

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

Wall Street Analyst Weigh In

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in AOMR. Wolverine Asset Management LLC purchased a new stake in shares of Angel Oak Mortgage REIT during the third quarter worth approximately $616,000. Allspring Global Investments Holdings LLC acquired a new position in shares of Angel Oak Mortgage REIT during the 3rd quarter worth approximately $40,000. Ritholtz Wealth Management lifted its position in shares of Angel Oak Mortgage REIT by 32.3% in the third quarter. Ritholtz Wealth Management now owns 51,862 shares of the company’s stock valued at $541,000 after acquiring an additional 12,650 shares in the last quarter. Renaissance Technologies LLC boosted its stake in shares of Angel Oak Mortgage REIT by 21.2% during the 2nd 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. Finally, Gladius Capital Management LP purchased a new stake in Angel Oak Mortgage REIT in the 2nd quarter worth approximately $35,000. Hedge funds and other institutional investors own 80.15% of the company’s stock.

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.