National Bank of Canada FI Invests $26,000 in Angel Oak Mortgage REIT, Inc. (NYSE:AOMR)

National Bank of Canada FI acquired a new stake in shares of Angel Oak Mortgage REIT, Inc. (NYSE:AOMR) during the 3rd quarter, HoldingsChannel.com reports. The fund acquired 2,500 shares of the company’s stock, valued at approximately $26,000.

A number of other hedge funds have also recently modified their holdings of the business. Wolverine Asset Management LLC purchased a new position in shares of Angel Oak Mortgage REIT in the 3rd quarter worth about $616,000. Renaissance Technologies LLC boosted its stake 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 valued at $330,000 after purchasing an additional 4,400 shares during the last quarter. Ritholtz Wealth Management increased its holdings in shares of Angel Oak Mortgage REIT by 35.0% in the 2nd quarter. Ritholtz Wealth Management now owns 39,212 shares of the company’s stock worth $514,000 after purchasing an additional 10,171 shares in the last quarter. Jacobs Levy Equity Management Inc. purchased a new stake in shares of Angel Oak Mortgage REIT during the third quarter valued at $1,515,000. Finally, Allspring Global Investments Holdings LLC bought a new stake in Angel Oak Mortgage REIT in the 3rd quarter worth about $40,000. Institutional investors own 80.15% of the company’s stock.

Analyst Ratings Changes

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

Angel Oak Mortgage REIT Trading Down 1.5 %

Shares of NYSE:AOMR opened at $9.14 on Thursday. Angel Oak Mortgage REIT, Inc. has a 52-week low of $8.88 and a 52-week high of $13.31. The stock has a market capitalization of $214.89 million, a price-to-earnings ratio of 3.11 and a beta of 1.46. The company has a debt-to-equity ratio of 5.29, a quick ratio of 5.76 and a current ratio of 5.76. The stock’s 50-day simple moving average is $9.54 and its two-hundred day simple moving average is $10.88.

Angel Oak Mortgage REIT Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Tuesday, November 19th were given a dividend of $0.32 per share. The ex-dividend date was Tuesday, November 19th. This represents a $1.28 annualized dividend and a yield of 14.00%. Angel Oak Mortgage REIT’s dividend payout ratio (DPR) is 43.54%.

Insider Buying and Selling at Angel Oak Mortgage REIT

In related news, Director W D. Minami purchased 5,000 shares of the business’s stock in a transaction on Friday, November 8th. The stock was acquired at an average price of $9.73 per share, with a total value of $48,650.00. Following the completion of the acquisition, the director now owns 45,259 shares of the company’s stock, valued at approximately $440,370.07. This trade represents a 12.42 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 2.50% of the stock is owned by corporate insiders.

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.