Wolverine Asset Management LLC Increases Position in Angel Oak Mortgage REIT, Inc. (NYSE:AOMR)

Wolverine Asset Management LLC boosted its position in Angel Oak Mortgage REIT, Inc. (NYSE:AOMR) by 8.3% in the 4th quarter, Holdings Channel reports. The fund owned 63,914 shares of the company’s stock after purchasing an additional 4,895 shares during the period. Wolverine Asset Management LLC’s holdings in Angel Oak Mortgage REIT were worth $593,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. National Bank of Canada FI purchased a new stake in shares of Angel Oak Mortgage REIT in the third quarter valued at $26,000. Allspring Global Investments Holdings LLC acquired a new stake in Angel Oak Mortgage REIT in the 3rd quarter worth about $40,000. Public Employees Retirement System of Ohio purchased a new stake in Angel Oak Mortgage REIT in the 3rd quarter valued at about $43,000. State Street Corp increased its stake in shares of Angel Oak Mortgage REIT by 3.4% during the 3rd quarter. State Street Corp now owns 333,989 shares of the company’s stock valued at $3,484,000 after acquiring an additional 10,909 shares during the last quarter. Finally, Barclays PLC lifted its holdings in shares of Angel Oak Mortgage REIT by 294.4% during the 3rd quarter. Barclays PLC now owns 15,813 shares of the company’s stock worth $165,000 after acquiring an additional 11,804 shares during the period. 80.15% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

AOMR has been the subject of several research analyst reports. Janney Montgomery Scott assumed coverage on shares of Angel Oak Mortgage REIT in a research report on Thursday, January 2nd. They set a “buy” rating and a $13.00 price target for the company. Wells Fargo & Company dropped their price objective on Angel Oak Mortgage REIT from $13.00 to $12.00 and set an “overweight” rating for the company in a report on Thursday, November 7th. Finally, B. Riley raised Angel Oak Mortgage REIT to a “hold” rating in a research report on Tuesday, January 7th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, Angel Oak Mortgage REIT currently has a consensus rating of “Moderate Buy” and an average target price of $12.20.

Angel Oak Mortgage REIT Trading Down 3.9 %

Shares of AOMR stock opened at $9.74 on Monday. The company has a quick ratio of 5.76, a current ratio of 5.76 and a debt-to-equity ratio of 5.29. Angel Oak Mortgage REIT, Inc. has a fifty-two week low of $8.88 and a fifty-two week high of $13.31. The firm’s 50 day moving average price is $9.90 and its two-hundred day moving average price is $10.11. The stock has a market cap of $228.87 million, a price-to-earnings ratio of 3.31 and a beta of 1.48.

Angel Oak Mortgage REIT Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 21st will be issued a dividend of $0.32 per share. The ex-dividend date is Friday, February 21st. This represents a $1.28 annualized dividend and a dividend yield of 13.15%. Angel Oak Mortgage REIT’s payout ratio is 43.54%.

About Angel Oak Mortgage REIT

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.