Insider Buying: Angel Oak Mortgage REIT (NYSE:AOMR) Director Buys $290,445.00 in Stock

Angel Oak Mortgage REIT Inc. (NYSE:AOMR) Director Michael Fierman purchased 38,726 shares of the company’s stock in a transaction dated Friday, September 25th. The shares were acquired at an average price of $7.50 per share, with a total value of $290,445.00. Following the transaction, the director owned 105,247 shares in the company, valued at approximately $789,352.50. The trade was a 58.22% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Angel Oak Mortgage REIT Stock Down 3.1%

Shares of NYSE AOMR opened at $7.30 on Thursday. The company has a current ratio of 7.16, a quick ratio of 7.16 and a debt-to-equity ratio of 8.76. The business has a 50-day moving average of $8.41 and a 200-day moving average of $8.54. The firm has a market capitalization of $169.51 million, a price-to-earnings ratio of 9.73 and a beta of 1.26. Angel Oak Mortgage REIT Inc. has a 12 month low of $7.26 and a 12 month high of $9.60.

Angel Oak Mortgage REIT Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Friday, August 21st were given a dividend of $0.32 per share. The ex-dividend date was Friday, August 21st. This represents a $1.28 annualized dividend and a dividend yield of 17.5%. Angel Oak Mortgage REIT’s dividend payout ratio (DPR) is 170.67%.

Wall Street Analysts Forecast Growth

AOMR has been the topic of a number of research reports. Wells Fargo & Company lowered their price target on Angel Oak Mortgage REIT from $11.00 to $10.00 and set an “overweight” rating on the stock in a research report on Wednesday, August 5th. BTIG Research cut their price objective on Angel Oak Mortgage REIT from $13.50 to $10.00 and set a “buy” rating for the company in a report on Wednesday, June 17th. JonesTrading reissued a “buy” rating and set a $10.50 price objective on shares of Angel Oak Mortgage REIT in a report on Tuesday, August 4th. Wall Street Zen upgraded Angel Oak Mortgage REIT from a “sell” rating to a “hold” rating in a research report on Saturday, August 8th. Finally, Weiss Ratings raised Angel Oak Mortgage REIT from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, August 4th. Three equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $10.06.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. BlackRock Inc. purchased a new stake in Angel Oak Mortgage REIT during the 2nd quarter valued at about $12,210,000. Jacobs Asset Management LLC increased its stake in Angel Oak Mortgage REIT by 43.8% in the 4th quarter. Jacobs Asset Management LLC now owns 287,500 shares of the company’s stock worth $2,475,000 after purchasing an additional 87,500 shares during the period. North Ground Capital purchased a new position in Angel Oak Mortgage REIT in the 2nd quarter worth approximately $1,492,471. Royal Bank of Canada lifted its position in Angel Oak Mortgage REIT by 94.0% in the first quarter. Royal Bank of Canada now owns 4,062 shares of the company’s stock valued at $33,000 after purchasing an additional 1,968 shares during the last quarter. Finally, Public Employees Retirement System of Ohio purchased a new stake in shares of Angel Oak Mortgage REIT during the second quarter valued at approximately $58,000. Hedge funds and other institutional investors own 80.15% of the company’s stock.

Angel Oak Mortgage REIT Company Profile

Angel Oak Mortgage REIT, Inc (NYSE: AOMR) is a real estate investment trust focused on investing in residential mortgage loans and other mortgage-related assets. The company primarily targets non-qualified mortgage (non-QM) loans, which are residential loans made to borrowers whose financial profiles may not fit traditional agency underwriting standards.

Its portfolio may include first-lien residential mortgage loans secured by properties in the United States, as well as residential mortgage-backed securities and other assets related to the housing finance market.