Ritholtz Wealth Management Trims Holdings in Angel Oak Mortgage REIT Inc. $AOMR

Ritholtz Wealth Management trimmed its stake in Angel Oak Mortgage REIT Inc. (NYSE:AOMR) by 11.2% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 82,212 shares of the company’s stock after selling 10,349 shares during the period. Ritholtz Wealth Management’s holdings in Angel Oak Mortgage REIT were worth $774,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Strs Ohio purchased a new stake in Angel Oak Mortgage REIT during the 1st quarter worth approximately $25,000. M&T Bank Corp purchased a new stake in Angel Oak Mortgage REIT during the 1st quarter worth approximately $110,000. State of Wyoming purchased a new stake in Angel Oak Mortgage REIT during the 1st quarter worth approximately $116,000. Algert Global LLC increased its stake in Angel Oak Mortgage REIT by 46.1% during the 1st quarter. Algert Global LLC now owns 16,190 shares of the company’s stock worth $154,000 after buying an additional 5,106 shares during the period. Finally, Invesco Ltd. purchased a new stake in Angel Oak Mortgage REIT during the 1st quarter worth approximately $167,000. 80.15% of the stock is owned by hedge funds and other institutional investors.

Angel Oak Mortgage REIT Trading Down 1.6%

Shares of NYSE:AOMR opened at $9.12 on Friday. Angel Oak Mortgage REIT Inc. has a 52 week low of $7.36 and a 52 week high of $10.88. The company’s 50 day moving average is $9.58 and its two-hundred day moving average 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. The company has a market cap of $216.60 million, a PE ratio of 5.92 and a beta of 1.36.

Angel Oak Mortgage REIT Dividend Announcement

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

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on AOMR shares. Wall Street Zen raised shares of Angel Oak Mortgage REIT from a “sell” rating to a “hold” rating in a research note on Saturday, August 9th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Angel Oak Mortgage REIT in a research note on Wednesday, October 8th. Zacks Research downgraded shares of Angel Oak Mortgage REIT from a “hold” rating to a “strong sell” rating in a research note on Monday, October 6th. Jones Trading reaffirmed a “buy” rating and set a $10.50 target price on shares of Angel Oak Mortgage REIT in a research note on Tuesday, August 5th. Finally, UBS Group set a $10.50 price objective on shares of Angel Oak Mortgage REIT and gave the company a “neutral” rating in a research report on Thursday, July 10th. Four equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $11.60.

Insiders Place Their Bets

In related news, CFO Brandon Filson sold 50,000 shares of the stock in a transaction on Wednesday, September 17th. The shares were sold at an average price of $9.78, for a total value of $489,000.00. Following the transaction, the chief financial officer directly owned 70,488 shares of the company’s stock, valued at $689,372.64. This trade represents a 41.50% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, major shareholder Davidson Kempner Capital Manag sold 595,000 shares of the stock in a transaction on 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 completion of the transaction, the insider directly owned 4,134,210 shares in the company, valued at $40,308,547.50. This trade represents a 12.58% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 2.90% 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.