Insider Buying: Angel Oak Mortgage REIT, Inc. (NYSE:AOMR) Director Purchases 5,000 Shares of Stock

Angel Oak Mortgage REIT, Inc. (NYSE:AOMR) Director W D. Minami acquired 5,000 shares of the firm’s stock in a transaction that occurred on Friday, November 8th. The stock was bought at an average price of $9.73 per share, for a total transaction of $48,650.00. Following the completion of the transaction, the director now owns 45,259 shares of the company’s stock, valued at $440,370.07. The trade was a 12.42 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link.

Angel Oak Mortgage REIT Price Performance

Shares of AOMR opened at $9.86 on Friday. The firm’s 50-day simple moving average is $9.95 and its two-hundred day simple moving average is $11.27. Angel Oak Mortgage REIT, Inc. has a fifty-two week low of $8.88 and a fifty-two week high of $13.31. The stock has a market cap of $231.81 million, a PE ratio of 3.35 and a beta of 1.43. 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 Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Tuesday, November 19th will be issued a $0.32 dividend. The ex-dividend date of this dividend is Tuesday, November 19th. This represents a $1.28 dividend on an annualized basis and a yield of 12.98%. Angel Oak Mortgage REIT’s payout ratio is currently 43.54%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. BTIG Research assumed coverage on shares of Angel Oak Mortgage REIT in a report on Wednesday, July 31st. They issued a “buy” rating and a $13.50 price objective for the company. Wells Fargo & Company decreased their target price on shares of Angel Oak Mortgage REIT from $13.00 to $12.00 and set an “overweight” rating on the stock in a research report on Thursday, November 7th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, Angel Oak Mortgage REIT has an average rating of “Hold” and an average price target of $12.00.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Vanguard Group Inc. increased its position in Angel Oak Mortgage REIT by 1.4% during the first quarter. Vanguard Group Inc. now owns 864,368 shares of the company’s stock valued at $9,283,000 after acquiring an additional 12,208 shares during the last quarter. O Shaughnessy Asset Management LLC grew its stake in shares of 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 purchasing an additional 44,256 shares during the period. Gladius Capital Management LP purchased a new stake in shares of Angel Oak Mortgage REIT during the 2nd quarter valued at about $35,000. Ritholtz Wealth Management lifted its stake in shares of Angel Oak Mortgage REIT by 35.0% in the 2nd quarter. Ritholtz Wealth Management now owns 39,212 shares of the company’s stock worth $514,000 after purchasing an additional 10,171 shares during the period. Finally, Renaissance Technologies LLC boosted its holdings in shares of Angel Oak Mortgage REIT by 21.2% in the second 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 last quarter. 80.15% of the stock is owned by institutional investors.

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.