Wolverine Asset Management LLC Increases Holdings in Angel Oak Mortgage REIT, Inc. (NYSE:AOMR)

Wolverine Asset Management LLC grew its holdings in Angel Oak Mortgage REIT, Inc. (NYSE:AOMR) by 8.3% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 63,914 shares of the company’s stock after acquiring an additional 4,895 shares during the quarter. Wolverine Asset Management LLC owned about 0.27% of Angel Oak Mortgage REIT worth $593,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in AOMR. National Bank of Canada FI acquired a new position in Angel Oak Mortgage REIT in the third quarter valued at approximately $26,000. Allspring Global Investments Holdings LLC acquired a new position in shares of Angel Oak Mortgage REIT in the 3rd quarter valued at $40,000. Public Employees Retirement System of Ohio purchased a new position in shares of Angel Oak Mortgage REIT in the 3rd quarter valued at $43,000. Barclays PLC raised its stake in Angel Oak Mortgage REIT by 294.4% during the 3rd quarter. Barclays PLC now owns 15,813 shares of the company’s stock worth $165,000 after acquiring an additional 11,804 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in shares of Angel Oak Mortgage REIT by 285.3% during the third quarter. JPMorgan Chase & Co. now owns 27,201 shares of the company’s stock worth $284,000 after purchasing an additional 20,142 shares during the last quarter. Institutional investors and hedge funds own 80.15% of the company’s stock.

Angel Oak Mortgage REIT Price Performance

Angel Oak Mortgage REIT stock opened at $9.74 on Monday. 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 company has a market cap of $228.87 million, a P/E ratio of 3.31 and a beta of 1.48. The business has a fifty day moving average of $9.90 and a two-hundred day moving average of $10.11.

Angel Oak Mortgage REIT Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 21st will be issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 13.15%. The ex-dividend date is Friday, February 21st. Angel Oak Mortgage REIT’s dividend payout ratio is currently 43.54%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Wells Fargo & Company dropped their price target on Angel Oak Mortgage REIT from $13.00 to $12.00 and set an “overweight” rating on the stock in a research note on Thursday, November 7th. Janney Montgomery Scott began coverage on shares of Angel Oak Mortgage REIT in a report on Thursday, January 2nd. They issued a “buy” rating and a $13.00 target price on the stock. Finally, B. Riley upgraded shares of Angel Oak Mortgage REIT to a “hold” rating in a research report on Tuesday, January 7th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, Angel Oak Mortgage REIT currently has an average rating of “Moderate Buy” and a consensus price target of $12.20.

Angel Oak Mortgage REIT 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.