Short Interest in Angel Oak Mortgage REIT, Inc. (NYSE:AOMR) Increases By 24.3%

Angel Oak Mortgage REIT, Inc. (NYSE:AOMR) was the recipient of a large increase in short interest in October. As of October 31st, there was short interest totalling 92,700 shares, an increase of 24.3% from the October 15th total of 74,600 shares. Currently, 0.5% of the company’s stock are short sold. Based on an average trading volume of 138,100 shares, the short-interest ratio is presently 0.7 days.

Insider Transactions at Angel Oak Mortgage REIT

In other news, Director W D. Minami purchased 5,000 shares of the stock in a transaction that occurred on Friday, November 8th. The shares were purchased at an average cost of $9.73 per share, with a total value of $48,650.00. Following the completion of the acquisition, the director now owns 45,259 shares of the company’s stock, valued at approximately $440,370.07. This represents a 12.42 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Jonathan Morgan sold 4,377 shares of the stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $12.17, for a total value of $53,268.09. Following the transaction, the director now owns 33,059 shares in the company, valued at $402,328.03. This trade represents a 11.69 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 29,948 shares of company stock valued at $336,083. Corporate insiders own 2.50% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the business. Jacobs Levy Equity Management Inc. bought a new position in Angel Oak Mortgage REIT during the third quarter worth about $1,515,000. Jacobs Asset Management LLC acquired a new stake in Angel Oak Mortgage REIT in the third quarter valued at approximately $975,000. Wolverine Asset Management LLC bought a new position in shares of Angel Oak Mortgage REIT in the 3rd quarter valued at $616,000. O Shaughnessy Asset Management LLC raised its position in 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 purchasing an additional 44,256 shares during the last quarter. Finally, Jane Street Group LLC boosted its position in Angel Oak Mortgage REIT by 256.2% during the 3rd quarter. Jane Street Group LLC now owns 46,293 shares of the company’s stock worth $483,000 after buying an additional 33,297 shares during the period. Institutional investors and hedge funds own 80.15% of the company’s stock.

Angel Oak Mortgage REIT Price Performance

NYSE AOMR traded down $0.06 during trading on Friday, reaching $9.80. 94,397 shares of the company traded hands, compared to its average volume of 119,079. Angel Oak Mortgage REIT has a 1-year low of $8.88 and a 1-year high of $13.31. The company has a debt-to-equity ratio of 5.29, a quick ratio of 5.76 and a current ratio of 5.76. The stock’s 50 day moving average price is $9.93 and its two-hundred day moving average price is $11.27. The company has a market cap of $230.40 million, a price-to-earnings ratio of 3.33 and a beta of 1.43.

Angel Oak Mortgage REIT Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Tuesday, November 19th will be issued a $0.32 dividend. The ex-dividend date is Tuesday, November 19th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 13.06%. Angel Oak Mortgage REIT’s dividend payout ratio (DPR) is 43.54%.

Wall Street Analyst Weigh In

Several brokerages have commented on AOMR. BTIG Research began coverage on shares of Angel Oak Mortgage REIT in a research note on Wednesday, July 31st. They issued a “buy” rating and a $13.50 price target on the stock. Wells Fargo & Company cut their price target on Angel Oak Mortgage REIT from $13.00 to $12.00 and set an “overweight” rating for the company in a research note on Thursday, November 7th. Three investment 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, Angel Oak Mortgage REIT currently has a consensus rating of “Hold” and an average price target of $12.00.

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.