UBS Group AG purchased a new position in shares of Adamas Trust, Inc. (NASDAQ:ADAM – Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 320,283 shares of the company’s stock, valued at approximately $2,338,000. UBS Group AG owned about 0.35% of Adamas Trust as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors have also modified their holdings of the stock. State of Alaska Department of Revenue bought a new position in shares of Adamas Trust during the fourth quarter worth about $307,000. Arizona State Retirement System bought a new position in shares of Adamas Trust during the fourth quarter worth about $174,000. Yousif Capital Management LLC bought a new position in shares of Adamas Trust during the fourth quarter worth about $166,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in shares of Adamas Trust during the fourth quarter worth about $127,000. Finally, CWM LLC bought a new position in shares of Adamas Trust during the fourth quarter worth about $73,000. Institutional investors own 54.89% of the company’s stock.
Adamas Trust Trading Up 0.4%
Shares of NASDAQ:ADAM opened at $9.17 on Thursday. The company has a 50 day moving average price of $8.08. Adamas Trust, Inc. has a 52 week low of $6.16 and a 52 week high of $9.32. The firm has a market capitalization of $824.02 million, a price-to-earnings ratio of 7.84 and a beta of 1.18. The company has a quick ratio of 17.70, a current ratio of 17.69 and a debt-to-equity ratio of 11.91.
Adamas Trust Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 28th. Investors of record on Monday, March 30th were paid a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 10.0%. The ex-dividend date was Monday, March 30th. Adamas Trust’s dividend payout ratio (DPR) is currently 78.63%.
Wall Street Analysts Forecast Growth
ADAM has been the topic of several research analyst reports. B. Riley Financial cut shares of Adamas Trust from a “buy” rating to a “neutral” rating and set a $9.50 price target on the stock. in a research report on Thursday, April 30th. Keefe, Bruyette & Woods increased their price objective on shares of Adamas Trust from $8.25 to $9.00 and gave the stock a “market perform” rating in a research note on Friday, February 20th. JonesTrading increased their price objective on shares of Adamas Trust from $7.50 to $9.50 and gave the stock a “buy” rating in a research note on Friday, February 20th. Finally, Weiss Ratings upgraded shares of Adamas Trust from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, April 24th. One equities research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $9.33.
View Our Latest Analysis on ADAM
Adamas Trust Company Profile
New York Mortgage Trust, Inc acquires, invests in, finances, and manages mortgage-related single-family and multi-family residential assets in the United States. Its targeted investments include residential loans, second mortgages, and business purpose loans; structured multi-family property investments, such as preferred equity in, and mezzanine loans to owners of multi-family properties, as well as joint venture equity investments in multi-family properties; non-agency residential mortgage-backed securities (RMBS); agency RMBS; commercial mortgage-backed securities (CMBS); and other mortgage, residential housing, and credit-related assets.
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