Charles Schwab Investment Management Inc. Sells 3,019 Shares of Angel Oak Mortgage REIT, Inc. (NYSE:AOMR)

Charles Schwab Investment Management Inc. trimmed its position in Angel Oak Mortgage REIT, Inc. (NYSE:AOMR) by 7.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 36,821 shares of the company’s stock after selling 3,019 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Angel Oak Mortgage REIT were worth $384,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC acquired a new position in Angel Oak Mortgage REIT during the 3rd quarter worth approximately $40,000. Renaissance Technologies LLC increased its holdings in shares of Angel Oak Mortgage REIT by 21.2% during 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 in the last quarter. Ritholtz Wealth Management lifted its stake 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 valued at $514,000 after acquiring an additional 10,171 shares during the last quarter. Finally, Wolverine Asset Management LLC bought a new position in shares of Angel Oak Mortgage REIT in the 3rd quarter valued at $616,000. 80.15% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Wells Fargo & Company reduced their price objective on 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 equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $12.00.

Insider Buying and Selling

In other news, Director W D. Minami bought 5,000 shares of the firm’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 transaction, the director now owns 45,259 shares of the company’s stock, valued at $440,370.07. This trade represents a 12.42 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 2.50% of the stock is currently owned by insiders.

Angel Oak Mortgage REIT Trading Up 0.7 %

AOMR opened at $9.20 on Friday. The company has a debt-to-equity ratio of 5.29, a current ratio of 5.76 and a quick ratio of 5.76. Angel Oak Mortgage REIT, Inc. has a fifty-two week low of $8.88 and a fifty-two week high of $13.31. The company’s 50 day moving average price is $9.53 and its two-hundred day moving average price is $10.87. The firm has a market capitalization of $216.30 million, a price-to-earnings ratio of 3.13 and a beta of 1.46.

Angel Oak Mortgage REIT Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Tuesday, November 19th were issued a dividend of $0.32 per share. The ex-dividend date was Tuesday, November 19th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 13.91%. Angel Oak Mortgage REIT’s dividend payout ratio (DPR) is presently 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.