Nisa Investment Advisors LLC Sells 2,296 Shares of Angel Oak Mortgage REIT, Inc. (NYSE:AOMR)

Nisa Investment Advisors LLC reduced its stake in Angel Oak Mortgage REIT, Inc. (NYSE:AOMR) by 25.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,779 shares of the company’s stock after selling 2,296 shares during the period. Nisa Investment Advisors LLC’s holdings in Angel Oak Mortgage REIT were worth $71,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Gladius Capital Management LP bought a new position in shares of Angel Oak Mortgage REIT in the second quarter worth $35,000. Allspring Global Investments Holdings LLC bought a new stake in Angel Oak Mortgage REIT during the third quarter valued at $40,000. Renaissance Technologies LLC boosted its stake in Angel Oak Mortgage REIT by 21.2% during the second quarter. Renaissance Technologies LLC now owns 25,200 shares of the company’s stock valued at $330,000 after buying an additional 4,400 shares during the period. Ritholtz Wealth Management boosted its stake in 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 buying an additional 10,171 shares during the period. Finally, Vanguard Group Inc. boosted 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 buying an additional 12,208 shares during the period. 80.15% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Wells Fargo & Company dropped their price objective on Angel Oak Mortgage REIT from $13.00 to $12.00 and set an “overweight” rating for the company in a research note on Thursday. BTIG Research assumed coverage on Angel Oak Mortgage REIT in a research note on Wednesday, July 31st. They set a “buy” rating and a $13.50 price objective for the company. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, Angel Oak Mortgage REIT has a consensus rating of “Hold” and an average price target of $12.00.

Angel Oak Mortgage REIT Trading Down 0.1 %

NYSE AOMR opened at $9.54 on Friday. The stock’s 50-day simple moving average is $10.11 and its two-hundred day simple moving average is $11.31. Angel Oak Mortgage REIT, Inc. has a twelve month low of $8.88 and a twelve month high of $13.31. The company has a quick ratio of 16.23, a current ratio of 16.23 and a debt-to-equity ratio of 5.36. The company has a market capitalization of $222.47 million, a price-to-earnings ratio of 4.82 and a beta of 1.43.

Angel Oak Mortgage REIT (NYSE:AOMR) last released its quarterly earnings results on Tuesday, August 6th. The company reported ($0.12) earnings per share for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.23). Angel Oak Mortgage REIT had a net margin of 49.69% and a negative return on equity of 6.67%. The firm had revenue of $25.90 million for the quarter, compared to analysts’ expectations of $25.50 million. Research analysts forecast that Angel Oak Mortgage REIT, Inc. will post 0.4 EPS for the current fiscal year.

Angel Oak Mortgage REIT Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Tuesday, November 19th will be given a dividend of $0.32 per share. The ex-dividend date of this dividend is Tuesday, November 19th. This represents a $1.28 dividend on an annualized basis and a yield of 13.42%. Angel Oak Mortgage REIT’s payout ratio is 64.65%.

Insider Buying and Selling at Angel Oak Mortgage REIT

In other Angel Oak Mortgage REIT news, Director Jonathan Morgan sold 4,377 shares of the firm’s stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $12.17, for a total transaction of $53,268.09. Following the sale, the director now owns 33,059 shares in the company, valued at $402,328.03. This trade represents a 0.00 % decrease 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 Jonathan Morgan sold 4,377 shares of Angel Oak Mortgage REIT stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $12.17, for a total value of $53,268.09. Following the transaction, the director now owns 33,059 shares in the company, valued at approximately $402,328.03. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Brandon Filson sold 22,894 shares of Angel Oak Mortgage REIT stock in a transaction dated 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 in the company, valued at approximately $835,514.36. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 35,571 shares of company stock worth $403,502 over the last 90 days. Corporate insiders own 2.50% of the company’s stock.

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.