Angel Oak Mortgage REIT Inc. (NYSE:AOMR – Get Free Report) Director Michael Fierman bought 38,726 shares of the stock in a transaction on Friday, September 25th. The shares were acquired at an average cost of $7.50 per share, with a total value of $290,445.00. Following the purchase, the director owned 105,247 shares of the company’s stock, valued at approximately $789,352.50. This represents a 58.22% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Angel Oak Mortgage REIT Price Performance
NYSE:AOMR traded down $0.17 on Monday, hitting $7.38. The company had a trading volume of 131,683 shares, compared to its average volume of 117,895. Angel Oak Mortgage REIT Inc. has a 52 week low of $7.34 and a 52 week high of $9.60. The company has a current ratio of 7.16, a quick ratio of 7.16 and a debt-to-equity ratio of 8.76. The stock has a market capitalization of $171.29 million, a price-to-earnings ratio of 9.84 and a beta of 1.26. The firm has a 50 day moving average of $8.50 and a two-hundred day moving average of $8.56.
Angel Oak Mortgage REIT Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Friday, August 21st were issued a dividend of $0.32 per share. The ex-dividend date was Friday, August 21st. This represents a $1.28 annualized dividend and a yield of 17.4%. Angel Oak Mortgage REIT’s dividend payout ratio (DPR) is presently 170.67%.
Analyst Upgrades and Downgrades
Get Our Latest Analysis on AOMR
Institutional Inflows and Outflows
Hedge funds have recently made changes to their positions in the business. BlackRock Inc. bought a new stake in shares of Angel Oak Mortgage REIT during the second quarter worth about $12,210,000. Jacobs Asset Management LLC lifted its position in Angel Oak Mortgage REIT by 30.4% in the 1st quarter. Jacobs Asset Management LLC now owns 375,000 shares of the company’s stock valued at $3,082,000 after acquiring an additional 87,500 shares in the last quarter. Riverbridge Partners LLC boosted its stake in Angel Oak Mortgage REIT by 8.0% during the 1st quarter. Riverbridge Partners LLC now owns 197,392 shares of the company’s stock valued at $1,623,000 after purchasing an additional 14,622 shares during the last quarter. North Ground Capital bought a new stake in Angel Oak Mortgage REIT during the 2nd quarter worth approximately $1,492,471. Finally, Bank of New York Mellon Corp bought a new stake in Angel Oak Mortgage REIT during the 2nd quarter worth approximately $485,000. 80.15% of the stock is currently owned by institutional investors and hedge funds.
Angel Oak Mortgage REIT Company Profile
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.
Recommended Stories
- Five stocks we like better than Angel Oak Mortgage REIT
- Six Flags Launches FlexPay—Is There Any FUN Left in the Stock?
- Brewing Trouble? Starbucks Spills the Beans on 250 Store Closures
- Stitch Fix Stock Plunges as Guidance Puts the Turnaround on Pause
- Harley-Davidson Insiders Are Buying: Is HOG Finally Turning Around?
Receive News & Ratings for Angel Oak Mortgage REIT Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Angel Oak Mortgage REIT and related companies with MarketBeat.com's FREE daily email newsletter.
