Insider Selling: Angel Oak Mortgage REIT (NYSE:AOMR) CFO Sells $515,450.00 in Stock

Angel Oak Mortgage REIT Inc. (NYSE:AOMR) CFO Brandon Filson sold 65,000 shares of the company’s stock in a transaction dated Tuesday, September 22nd. The stock was sold at an average price of $7.93, for a total transaction of $515,450.00. Following the sale, the chief financial officer directly owned 107,815 shares of the company’s stock, valued at $854,972.95. This represents a 37.61% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Angel Oak Mortgage REIT Price Performance

AOMR stock opened at $7.56 on Friday. The company has a quick ratio of 7.16, a current ratio of 7.16 and a debt-to-equity ratio of 8.76. Angel Oak Mortgage REIT Inc. has a 12 month low of $7.37 and a 12 month high of $9.60. The firm has a market cap of $175.54 million, a P/E ratio of 10.08 and a beta of 1.26. The company’s 50-day moving average price is $8.50 and its two-hundred day moving average price is $8.56.

Angel Oak Mortgage REIT Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Friday, August 21st were given a dividend of $0.32 per share. The ex-dividend date was Friday, August 21st. This represents a $1.28 annualized dividend and a dividend yield of 16.9%. Angel Oak Mortgage REIT’s dividend payout ratio (DPR) is currently 170.67%.

Institutional Trading of Angel Oak Mortgage REIT

Institutional investors and hedge funds have recently bought and sold shares of the stock. BlackRock Inc. acquired a new position in Angel Oak Mortgage REIT during the 2nd quarter worth about $12,210,000. Jacobs Asset Management LLC grew its position in shares of Angel Oak Mortgage REIT by 43.8% in the 4th quarter. Jacobs Asset Management LLC now owns 287,500 shares of the company’s stock valued at $2,475,000 after buying an additional 87,500 shares during the last quarter. North Ground Capital acquired a new stake in shares of Angel Oak Mortgage REIT in the second quarter valued at about $1,492,471. Royal Bank of Canada increased its stake in shares of Angel Oak Mortgage REIT by 94.0% in the first quarter. Royal Bank of Canada now owns 4,062 shares of the company’s stock valued at $33,000 after buying an additional 1,968 shares during the period. Finally, Deutsche Bank AG bought a new position in shares of Angel Oak Mortgage REIT during the second quarter worth about $141,000. 80.15% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

AOMR has been the subject of several research analyst reports. Weiss Ratings upgraded shares of Angel Oak Mortgage REIT from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, August 4th. Wells Fargo & Company cut their target price on Angel Oak Mortgage REIT from $11.00 to $10.00 and set an “overweight” rating for the company in a research note on Wednesday, August 5th. BTIG Research reduced their target price on Angel Oak Mortgage REIT from $13.50 to $10.00 and set a “buy” rating on the stock in a report on Wednesday, June 17th. JonesTrading reiterated a “buy” rating and issued a $10.50 price target on shares of Angel Oak Mortgage REIT in a research note on Tuesday, August 4th. Finally, Wall Street Zen raised Angel Oak Mortgage REIT from a “sell” rating to a “hold” rating in a report on Saturday, August 8th. Three analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $10.06.

About Angel Oak Mortgage REIT

Angel Oak Mortgage REIT, Inc (NYSE: AOMR) is a real estate investment trust focused on investing in residential mortgage loans and other mortgage-related assets. The company primarily targets non-qualified mortgage (non-QM) loans, which are residential loans made to borrowers whose financial profiles may not fit traditional agency underwriting standards.

Its portfolio may include first-lien residential mortgage loans secured by properties in the United States, as well as residential mortgage-backed securities and other assets related to the housing finance market.