Renaissance Technologies LLC Purchases 4,400 Shares of Angel Oak Mortgage REIT, Inc. (NYSE:AOMR)

Renaissance Technologies LLC lifted its position in shares of Angel Oak Mortgage REIT, Inc. (NYSE:AOMR) by 21.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 25,200 shares of the company’s stock after acquiring an additional 4,400 shares during the period. Renaissance Technologies LLC owned approximately 0.10% of Angel Oak Mortgage REIT worth $330,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Ritholtz Wealth Management increased its position in shares of Angel Oak Mortgage REIT by 35.0% during 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. Gladius Capital Management LP purchased a new stake in Angel Oak Mortgage REIT in the second quarter worth approximately $35,000. O Shaughnessy Asset Management LLC boosted its holdings in Angel Oak Mortgage REIT by 332.3% in the first quarter. O Shaughnessy Asset Management LLC now owns 57,573 shares of the company’s stock worth $618,000 after purchasing an additional 44,256 shares during the last quarter. Finally, Vanguard Group Inc. boosted its holdings in Angel Oak Mortgage REIT by 1.4% in the first quarter. Vanguard Group Inc. now owns 864,368 shares of the company’s stock worth $9,283,000 after purchasing an additional 12,208 shares during the last quarter. Institutional investors own 80.15% of the company’s stock.

Insider Activity at Angel Oak Mortgage REIT

In other Angel Oak Mortgage REIT news, Director Jonathan Morgan sold 4,377 shares of Angel Oak Mortgage REIT 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 directly owns 33,059 shares in the company, valued at approximately $402,328.03. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other Angel Oak Mortgage REIT news, Director Jonathan Morgan sold 4,377 shares of Angel Oak Mortgage REIT 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 directly owns 33,059 shares in the company, valued at approximately $402,328.03. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Brandon Filson sold 22,894 shares of the business’s stock in a transaction dated 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. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 35,571 shares of company stock worth $403,502. 2.50% of the stock is owned by corporate insiders.

Angel Oak Mortgage REIT Trading Up 0.2 %

Shares of Angel Oak Mortgage REIT stock opened at $9.90 on Friday. The company’s fifty day simple moving average is $10.97 and its 200-day simple moving average is $11.50. The stock has a market capitalization of $230.87 million, a PE ratio of 5.00 and a beta of 1.41. Angel Oak Mortgage REIT, Inc. has a 1-year low of $7.60 and a 1-year high of $13.31. 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 issued its quarterly earnings results on Tuesday, August 6th. The company reported ($0.12) earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.23). The business had revenue of $25.90 million for the quarter, compared to analysts’ expectations of $25.50 million. Angel Oak Mortgage REIT had a negative return on equity of 6.67% and a net margin of 49.69%. As a group, equities analysts anticipate that Angel Oak Mortgage REIT, Inc. will post 0.4 earnings per share for the current year.

Angel Oak Mortgage REIT Dividend Announcement

The company 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. This represents a $1.28 dividend on an annualized basis and a dividend yield of 12.93%. The ex-dividend date was Thursday, August 22nd. Angel Oak Mortgage REIT’s dividend payout ratio (DPR) is 64.65%.

Wall Street Analyst Weigh In

Separately, BTIG Research assumed coverage on shares of Angel Oak Mortgage REIT in a report on Wednesday, July 31st. They issued a “buy” rating and a $13.50 target price on the stock. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, Angel Oak Mortgage REIT currently has a consensus rating of “Hold” and a consensus 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.