Angel Oak Mortgage REIT (NYSE:AOMR) Director Michael Fierman Purchases 38,726 Shares of Stock

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

A number of equities research analysts have commented on AOMR shares. Weiss Ratings upgraded shares of Angel Oak Mortgage REIT from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, August 4th. BTIG Research decreased their target price on Angel Oak Mortgage REIT from $13.50 to $10.00 and set a “buy” rating for the company in a research report on Wednesday, June 17th. JonesTrading reaffirmed a “buy” rating and set a $10.50 price target on shares of Angel Oak Mortgage REIT in a research note on Tuesday, August 4th. Wells Fargo & Company cut their price target on Angel Oak Mortgage REIT from $11.00 to $10.00 and set an “overweight” rating on the stock in a report on Wednesday, August 5th. Finally, Wall Street Zen raised Angel Oak Mortgage REIT from a “sell” rating to a “hold” rating in a research note on Saturday, August 8th. Three investment analysts have 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 presently has a consensus rating of “Moderate Buy” and an average target price of $10.06.

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

(Get Free Report)

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.

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