Angel Oak Mortgage REIT, Inc. (NYSE:AOMR) Short Interest Up 5.2% in September

Angel Oak Mortgage REIT, Inc. (NYSE:AOMR) saw a large growth in short interest in the month of September. As of September 15th, there was short interest totalling 116,600 shares, a growth of 5.2% from the August 31st total of 110,800 shares. Based on an average daily trading volume, of 160,900 shares, the short-interest ratio is presently 0.7 days. Currently, 0.7% of the shares of the stock are short sold.

Insider Buying and Selling

In related news, CFO Brandon Filson sold 22,894 shares of the company’s stock in a transaction on Thursday, September 5th. The shares were 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. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Angel Oak Mortgage REIT news, Director Jonathan Morgan sold 4,377 shares of the business’s stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $12.17, for a total value of $53,268.09. Following the sale, the director now owns 33,059 shares in the company, valued at approximately $402,328.03. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Brandon Filson sold 22,894 shares of the business’s stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $11.02, for a total transaction of $252,291.88. Following the completion of the sale, the chief financial officer now owns 75,818 shares in the company, valued at approximately $835,514.36. The disclosure for this sale can be found here. In the last quarter, insiders sold 35,571 shares of company stock valued at $403,502. Company insiders own 2.50% of the company’s stock.

Hedge Funds Weigh In On Angel Oak Mortgage REIT

A number of hedge funds have recently added to or reduced their stakes in the stock. Masters Capital Management LLC boosted its stake in shares of 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 purchasing an additional 157,378 shares in the last quarter. O Shaughnessy Asset Management LLC boosted its stake in shares of 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 purchasing an additional 44,256 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of 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 purchasing an additional 12,208 shares in the last quarter. Ritholtz Wealth Management boosted its stake in Angel Oak Mortgage REIT by 35.0% in the second quarter. Ritholtz Wealth Management now owns 39,212 shares of the company’s stock valued at $514,000 after acquiring an additional 10,171 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its stake in Angel Oak Mortgage REIT by 21.2% in the second quarter. Renaissance Technologies LLC now owns 25,200 shares of the company’s stock valued at $330,000 after acquiring an additional 4,400 shares in the last quarter. 80.15% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, BTIG Research began 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 target price on the stock. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, Angel Oak Mortgage REIT currently has a consensus rating of “Hold” and a consensus target price of $11.50.

Angel Oak Mortgage REIT Trading Down 1.0 %

Angel Oak Mortgage REIT stock traded down $0.10 during midday trading on Tuesday, reaching $10.33. The stock had a trading volume of 55,299 shares, compared to its average volume of 84,552. The company has a quick ratio of 16.23, a current ratio of 16.23 and a debt-to-equity ratio of 5.36. Angel Oak Mortgage REIT has a 52-week low of $7.60 and a 52-week high of $13.31. The firm has a market cap of $258.24 million, a price-to-earnings ratio of 5.67 and a beta of 1.42. The company has a fifty day moving average of $11.37 and a 200 day moving average of $11.55.

Angel Oak Mortgage REIT (NYSE:AOMR) last issued its earnings results on Tuesday, August 6th. The company reported ($0.12) EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.23). The company had revenue of $25.90 million during the quarter, compared to the consensus estimate of $25.50 million. Angel Oak Mortgage REIT had a negative return on equity of 6.67% and a net margin of 49.69%. On average, analysts anticipate that Angel Oak Mortgage REIT will post 0.4 earnings per share 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. Shareholders of record on Thursday, August 22nd were paid a $0.32 dividend. The ex-dividend date of this dividend was Thursday, August 22nd. This represents a $1.28 dividend on an annualized basis and a yield of 12.39%. Angel Oak Mortgage REIT’s dividend payout ratio is currently 69.57%.

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.