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

Angel Oak Mortgage REIT, Inc. (NYSE:AOMR) CFO Brandon Filson sold 22,894 shares of Angel Oak Mortgage REIT stock in a transaction 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 owns 75,818 shares in the company, valued at $835,514.36. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

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 stock was sold at an average price of $11.46, for a total transaction of $22,920.00.

Angel Oak Mortgage REIT Stock Performance

AOMR opened at $10.93 on Friday. Angel Oak Mortgage REIT, Inc. has a 1-year low of $7.60 and a 1-year high of $13.31. The company has a market cap of $273.24 million, a price-to-earnings ratio of 5.94 and a beta of 1.42. 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 company’s fifty day moving average price is $11.91 and its two-hundred day moving average price is $11.53.

Angel Oak Mortgage REIT (NYSE:AOMR) last released its earnings results on Tuesday, August 6th. The company reported ($0.12) earnings per share (EPS) 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 business had revenue of $25.90 million during the quarter, compared to the consensus estimate of $25.50 million. On average, analysts expect that Angel Oak Mortgage REIT, Inc. will post 0.4 EPS for the current fiscal year.

Angel Oak Mortgage REIT Dividend Announcement

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

Hedge Funds Weigh In On Angel Oak Mortgage REIT

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Gladius Capital Management LP bought a new stake in Angel Oak Mortgage REIT in the 2nd quarter worth approximately $35,000. Newbridge Financial Services Group Inc. bought a new stake in Angel Oak Mortgage REIT in the 1st quarter worth $50,000. Renaissance Technologies LLC increased its holdings in Angel Oak Mortgage REIT by 21.2% during the 2nd quarter. Renaissance Technologies LLC now owns 25,200 shares of the company’s stock valued at $330,000 after purchasing an additional 4,400 shares during the period. Ritholtz Wealth Management raised its stake in Angel Oak Mortgage REIT by 35.0% in the second quarter. Ritholtz Wealth Management now owns 39,212 shares of the company’s stock worth $514,000 after buying an additional 10,171 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC boosted its position in shares of Angel Oak Mortgage REIT by 332.3% during the first quarter. O Shaughnessy Asset Management LLC now owns 57,573 shares of the company’s stock valued at $618,000 after purchasing an additional 44,256 shares in the last quarter. 80.15% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

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.