Jacobs Asset Management LLC Makes New Investment in Angel Oak Mortgage REIT, Inc. (NYSE:AOMR)

Jacobs Asset Management LLC acquired a new position in Angel Oak Mortgage REIT, Inc. (NYSE:AOMR) during the third quarter, Holdings Channel reports. The firm acquired 93,460 shares of the company’s stock, valued at approximately $975,000. Angel Oak Mortgage REIT makes up approximately 0.6% of Jacobs Asset Management LLC’s holdings, making the stock its 29th biggest holding.

A number of other institutional investors and hedge funds also recently modified their holdings of AOMR. Jacobs Levy Equity Management Inc. acquired a new position in Angel Oak Mortgage REIT in the 3rd quarter valued at approximately $1,515,000. Wolverine Asset Management LLC bought a new stake in shares of Angel Oak Mortgage REIT during the third quarter worth approximately $616,000. Allspring Global Investments Holdings LLC acquired a new stake in shares of Angel Oak Mortgage REIT in the third quarter valued at approximately $40,000. Ritholtz Wealth Management lifted its stake in shares of Angel Oak Mortgage REIT by 32.3% in the 3rd quarter. Ritholtz Wealth Management now owns 51,862 shares of the company’s stock valued at $541,000 after acquiring an additional 12,650 shares during the last quarter. Finally, Renaissance Technologies LLC grew its holdings in Angel Oak Mortgage REIT by 21.2% during the 2nd quarter. Renaissance Technologies LLC now owns 25,200 shares of the company’s stock worth $330,000 after acquiring an additional 4,400 shares during the period. 80.15% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Angel Oak Mortgage REIT

In other Angel Oak Mortgage REIT news, Director W D. Minami acquired 5,000 shares of Angel Oak Mortgage REIT stock in a transaction on Friday, November 8th. The shares were bought at an average price of $9.73 per share, with a total value of $48,650.00. Following the completion of the purchase, the director now owns 45,259 shares in the company, valued at $440,370.07. This trade represents a 12.42 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Brandon Filson sold 22,894 shares of the stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $11.02, for a total value of $252,291.88. Following the completion of the sale, the chief financial officer now owns 75,818 shares of the company’s stock, valued at $835,514.36. This trade represents a 23.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 2.50% of the company’s stock.

Angel Oak Mortgage REIT Trading Down 0.5 %

Shares of AOMR stock opened at $9.76 on Tuesday. The company has a 50-day moving average of $9.75 and a two-hundred day moving average of $11.13. The firm has a market cap of $229.46 million, a PE ratio of 3.32 and a beta of 1.46. Angel Oak Mortgage REIT, Inc. has a 1-year low of $8.88 and a 1-year high of $13.31. The company has a debt-to-equity ratio of 5.29, a current ratio of 5.76 and a quick ratio of 5.76.

Angel Oak Mortgage REIT Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Tuesday, November 19th were issued a $0.32 dividend. The ex-dividend date was Tuesday, November 19th. This represents a $1.28 dividend on an annualized basis and a yield of 13.11%. Angel Oak Mortgage REIT’s dividend payout ratio (DPR) is 43.54%.

Wall Street Analysts Forecast Growth

Separately, Wells Fargo & Company reduced their price objective on shares of Angel Oak Mortgage REIT from $13.00 to $12.00 and set an “overweight” rating for the company in a research note on Thursday, November 7th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, Angel Oak Mortgage REIT presently has an average rating of “Hold” and an average target price of $12.00.

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.