Angel Oak Mortgage REIT Inc. $AOMR Shares Sold by Ritholtz Wealth Management

Ritholtz Wealth Management lessened its position in shares of Angel Oak Mortgage REIT Inc. (NYSE:AOMR) by 11.2% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 82,212 shares of the company’s stock after selling 10,349 shares during the quarter. Ritholtz Wealth Management owned approximately 0.35% of Angel Oak Mortgage REIT worth $774,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in AOMR. Strs Ohio acquired a new stake in Angel Oak Mortgage REIT during the first quarter valued at $25,000. M&T Bank Corp acquired a new stake in Angel Oak Mortgage REIT during the first quarter valued at $110,000. State of Wyoming acquired a new stake in Angel Oak Mortgage REIT during the first quarter valued at $116,000. Algert Global LLC grew its position in shares of Angel Oak Mortgage REIT by 46.1% in the first quarter. Algert Global LLC now owns 16,190 shares of the company’s stock valued at $154,000 after purchasing an additional 5,106 shares during the period. Finally, Invesco Ltd. acquired a new stake in shares of Angel Oak Mortgage REIT in the first quarter valued at about $167,000. Institutional investors and hedge funds own 80.15% of the company’s stock.

Angel Oak Mortgage REIT Stock Performance

AOMR opened at $9.12 on Friday. The firm has a market capitalization of $216.60 million, a PE ratio of 5.92 and a beta of 1.36. Angel Oak Mortgage REIT Inc. has a twelve month low of $7.36 and a twelve month high of $10.88. The firm’s 50-day moving average price is $9.58 and its 200 day moving average price is $9.30. The company has a current ratio of 17.69, a quick ratio of 17.69 and a debt-to-equity ratio of 7.53.

Angel Oak Mortgage REIT Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Friday, August 22nd were given a dividend of $0.32 per share. The ex-dividend date was Friday, August 22nd. This represents a $1.28 dividend on an annualized basis and a yield of 14.0%. Angel Oak Mortgage REIT’s payout ratio is presently 83.12%.

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. Wall Street Zen upgraded shares of Angel Oak Mortgage REIT from a “sell” rating to a “hold” rating in a research report on Saturday, August 9th. UBS Group set a $10.50 target price on shares of Angel Oak Mortgage REIT and gave the company a “neutral” rating in a research report on Thursday, July 10th. Jones Trading reiterated a “buy” rating and issued a $10.50 target price on shares of Angel Oak Mortgage REIT in a research report on Tuesday, August 5th. Zacks Research lowered shares of Angel Oak Mortgage REIT from a “hold” rating to a “strong sell” rating in a research report on Monday, October 6th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Angel Oak Mortgage REIT in a research report on Wednesday, October 8th. Four investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Angel Oak Mortgage REIT has an average rating of “Hold” and an average price target of $11.60.

Insider Transactions at Angel Oak Mortgage REIT

In related news, major shareholder Davidson Kempner Capital Manag sold 595,000 shares of the business’s stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $9.75, for a total transaction of $5,801,250.00. Following the transaction, the insider directly owned 4,134,210 shares in the company, valued at approximately $40,308,547.50. The trade was a 12.58% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Brandon Filson sold 50,000 shares of Angel Oak Mortgage REIT stock in a transaction dated Wednesday, September 17th. The stock was sold at an average price of $9.78, for a total transaction of $489,000.00. Following the transaction, the chief financial officer directly owned 70,488 shares in the company, valued at $689,372.64. This trade represents a 41.50% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 2.90% of the company’s stock.

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.