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

Wolverine Asset Management LLC purchased a new position in shares of Angel Oak Mortgage REIT, Inc. (NYSE:AOMR) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 59,019 shares of the company’s stock, valued at approximately $616,000.

Other hedge funds have also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC purchased a new position in Angel Oak Mortgage REIT in the 3rd quarter worth $40,000. Ritholtz Wealth Management increased its holdings in shares of Angel Oak Mortgage REIT by 32.3% in the third quarter. Ritholtz Wealth Management now owns 51,862 shares of the company’s stock worth $541,000 after buying an additional 12,650 shares during the period. Renaissance Technologies LLC increased its holdings in shares of Angel Oak Mortgage REIT by 21.2% in the second quarter. Renaissance Technologies LLC now owns 25,200 shares of the company’s stock worth $330,000 after buying an additional 4,400 shares during the period. Gladius Capital Management LP purchased a new stake in Angel Oak Mortgage REIT during the 2nd quarter valued at about $35,000. Finally, O Shaughnessy Asset Management LLC grew its position in Angel Oak Mortgage REIT by 332.3% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 57,573 shares of the company’s stock worth $618,000 after acquiring an additional 44,256 shares during the last quarter. 80.15% of the stock is currently owned by institutional investors.

Insider Activity at Angel Oak Mortgage REIT

In related news, Director W D. Minami purchased 5,000 shares of the firm’s stock in a transaction that occurred on Friday, November 8th. The stock was bought at an average cost of $9.73 per share, with a total value of $48,650.00. Following the completion of the purchase, the director now directly owns 45,259 shares in the company, valued at approximately $440,370.07. This represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, Director W D. Minami purchased 5,000 shares of the company’s stock in a transaction that occurred on Friday, November 8th. The shares were bought at an average cost of $9.73 per share, for a total transaction of $48,650.00. Following the completion of the transaction, the director now directly owns 45,259 shares of the company’s stock, valued at $440,370.07. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Brandon Filson sold 22,894 shares of the stock in a transaction on 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 transaction, the chief financial officer now owns 75,818 shares of the company’s stock, valued at approximately $835,514.36. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 29,948 shares of company stock worth $336,083 over the last quarter. Corporate insiders own 2.50% of the company’s stock.

Wall Street Analyst Weigh In

AOMR has been the subject of several recent research reports. BTIG Research began coverage on Angel Oak Mortgage REIT in a research report on Wednesday, July 31st. They issued a “buy” rating and a $13.50 price objective for the company. Wells Fargo & Company lowered their price target on shares of 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. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $12.00.

Angel Oak Mortgage REIT Trading Up 1.1 %

NYSE AOMR opened at $10.02 on Thursday. The stock has a market cap of $235.57 million, a P/E ratio of 3.41 and a beta of 1.43. Angel Oak Mortgage REIT, Inc. has a fifty-two week low of $8.88 and a fifty-two week high of $13.31. The stock has a 50 day simple moving average of $9.97 and a two-hundred day simple moving average of $11.28. The company has a debt-to-equity ratio of 5.29, a quick ratio of 5.76 and a current ratio of 5.76.

Angel Oak Mortgage REIT Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Tuesday, November 19th will be paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 12.77%. The ex-dividend date of this dividend is Tuesday, November 19th. Angel Oak Mortgage REIT’s payout ratio is 43.54%.

Angel Oak Mortgage REIT 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.