Insider Buying: Angel Oak Mortgage REIT, Inc. (NYSE:AOMR) Director Purchases $48,650.00 in Stock

Angel Oak Mortgage REIT, Inc. (NYSE:AOMR) Director W D. Minami purchased 5,000 shares of Angel Oak Mortgage REIT stock in a transaction that occurred on Friday, November 8th. The stock was acquired at an average cost of $9.73 per share, with a total value of $48,650.00. Following the transaction, the director now owns 45,259 shares in the company, valued at $440,370.07. This trade represents a 12.42 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Angel Oak Mortgage REIT Price Performance

AOMR opened at $9.86 on Friday. Angel Oak Mortgage REIT, Inc. 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 current ratio of 5.76 and a quick ratio of 5.76. The company has a market capitalization of $231.81 million, a price-to-earnings ratio of 3.35 and a beta of 1.43. The firm’s fifty day moving average price is $9.95 and its two-hundred day moving average price is $11.27.

Angel Oak Mortgage REIT Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Tuesday, November 19th will be given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 12.98%. The ex-dividend date of this dividend is Tuesday, November 19th. Angel Oak Mortgage REIT’s dividend payout ratio is presently 43.54%.

Wall Street Analysts Forecast Growth

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

Hedge Funds Weigh In On Angel Oak Mortgage REIT

Institutional investors have recently added to or reduced their stakes in the stock. Gladius Capital Management LP bought a new position in Angel Oak Mortgage REIT during the second quarter worth about $35,000. Allspring Global Investments Holdings LLC purchased a new stake in shares of Angel Oak Mortgage REIT during the 3rd quarter valued at approximately $40,000. Renaissance Technologies LLC boosted its holdings in Angel Oak Mortgage REIT by 21.2% in the 2nd quarter. Renaissance Technologies LLC now owns 25,200 shares of the company’s stock worth $330,000 after buying an additional 4,400 shares during the period. Ritholtz Wealth Management grew its stake in Angel Oak Mortgage REIT by 35.0% in the 2nd quarter. Ritholtz Wealth Management now owns 39,212 shares of the company’s stock valued at $514,000 after buying an additional 10,171 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC raised its holdings in Angel Oak Mortgage REIT by 332.3% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 57,573 shares of the company’s stock valued at $618,000 after acquiring an additional 44,256 shares during the period. Institutional investors own 80.15% of the company’s stock.

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.