Insider Selling: Angel Oak Mortgage REIT, Inc. (NYSE:AOMR) CFO Sells 2,000 Shares of Stock

Angel Oak Mortgage REIT, Inc. (NYSE:AOMR) CFO Brandon Filson sold 2,000 shares of the stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $11.46, for a total transaction of $22,920.00. Following the completion of the transaction, the chief financial officer now owns 103,818 shares in the company, valued at $1,189,754.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Brandon Filson also recently made the following trade(s):

• On Tuesday, September 3rd, Brandon Filson sold 677 shares of Angel Oak Mortgage REIT stock. The stock was sold at an average price of $11.23, for a total transaction of $7,602.71.

Angel Oak Mortgage REIT Stock Down 1.8 %

Shares of AOMR stock opened at $10.99 on Thursday. The company has a market capitalization of $274.74 million, a price-to-earnings ratio of 5.97 and a beta of 1.44. Angel Oak Mortgage REIT, Inc. has a one year low of $7.60 and a one year high of $13.31. The company’s fifty day moving average price is $11.98 and its 200-day moving average price is $11.53. The company has a debt-to-equity ratio of 5.36, a current ratio of 16.23 and a quick ratio of 16.23.

Angel Oak Mortgage REIT (NYSE:AOMR) last announced its quarterly earnings data on Tuesday, August 6th. The company reported ($0.12) EPS for the quarter, missing the consensus estimate of $0.11 by ($0.23). The firm had revenue of $25.90 million for the quarter, compared to the consensus estimate of $25.50 million. Angel Oak Mortgage REIT had a net margin of 49.69% and a negative return on equity of 6.67%. Sell-side analysts expect that Angel Oak Mortgage REIT, Inc. will post 0.4 EPS for the current fiscal year.

Angel Oak Mortgage REIT Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Thursday, August 22nd were paid a dividend of $0.32 per share. The ex-dividend date of this dividend was Thursday, August 22nd. This represents a $1.28 annualized dividend and a yield of 11.65%. Angel Oak Mortgage REIT’s payout ratio is 69.57%.

Hedge Funds Weigh In On Angel Oak Mortgage REIT

Institutional investors have recently bought and sold shares of the stock. O Shaughnessy Asset Management LLC grew its stake in Angel Oak Mortgage REIT by 332.3% during the first quarter. O Shaughnessy Asset Management LLC now owns 57,573 shares of the company’s stock valued at $618,000 after acquiring an additional 44,256 shares in the last quarter. Masters Capital Management LLC grew its stake in Angel Oak Mortgage REIT by 15.9% during the fourth quarter. Masters Capital Management LLC now owns 1,149,378 shares of the company’s stock valued at $12,183,000 after acquiring an additional 157,378 shares in the last quarter. Vanguard Group Inc. grew its stake in Angel Oak Mortgage REIT by 1.4% during the first quarter. Vanguard Group Inc. now owns 864,368 shares of the company’s stock valued at $9,283,000 after acquiring an additional 12,208 shares in the last quarter. Newbridge Financial Services Group Inc. purchased a new position in Angel Oak Mortgage REIT during the first quarter valued at $50,000. Finally, Gladius Capital Management LP purchased a new position in shares of Angel Oak Mortgage REIT in the 2nd quarter worth $35,000. 80.15% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on AOMR shares. UBS Group increased their price target on shares of Angel Oak Mortgage REIT from $10.00 to $10.50 and gave the stock a “neutral” rating in a research report on Tuesday, May 14th. BTIG Research initiated coverage on shares of Angel Oak Mortgage REIT in a research report on Wednesday, July 31st. They set a “buy” rating and a $13.50 price objective on the stock. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $11.50.

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.