Angel Oak Mortgage REIT Inc. $AOMR Shares Purchased by North Ground Capital

North Ground Capital raised its position in shares of Angel Oak Mortgage REIT Inc. (NYSE:AOMR) by 94.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 388,836 shares of the company’s stock after acquiring an additional 188,836 shares during the period. Angel Oak Mortgage REIT makes up 2.3% of North Ground Capital’s portfolio, making the stock its 18th biggest position. North Ground Capital owned about 1.64% of Angel Oak Mortgage REIT worth $3,643,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Riverbridge Partners LLC lifted its stake in shares of Angel Oak Mortgage REIT by 2.2% in the 3rd quarter. Riverbridge Partners LLC now owns 82,959 shares of the company’s stock valued at $777,000 after purchasing an additional 1,788 shares in the last quarter. BNP Paribas Financial Markets raised its holdings in Angel Oak Mortgage REIT by 343.0% in the second quarter. BNP Paribas Financial Markets now owns 3,929 shares of the company’s stock valued at $37,000 after buying an additional 3,042 shares during the period. Bank of America Corp DE lifted its position in Angel Oak Mortgage REIT by 253.0% during the second quarter. Bank of America Corp DE now owns 24,516 shares of the company’s stock valued at $231,000 after buying an additional 17,571 shares in the last quarter. Vivaldi Capital Management LP grew its stake in Angel Oak Mortgage REIT by 5.7% during the second quarter. Vivaldi Capital Management LP now owns 116,379 shares of the company’s stock worth $1,096,000 after buying an additional 6,274 shares during the period. Finally, Marshall Wace LLP grew its stake in Angel Oak Mortgage REIT by 9.8% during the second quarter. Marshall Wace LLP now owns 196,082 shares of the company’s stock worth $1,847,000 after buying an additional 17,579 shares during the period. 80.15% of the stock is currently owned by hedge funds and other institutional investors.

Angel Oak Mortgage REIT Stock Performance

Angel Oak Mortgage REIT stock opened at $9.24 on Monday. Angel Oak Mortgage REIT Inc. has a 12-month low of $7.36 and a 12-month high of $10.88. The company has a debt-to-equity ratio of 6.87, a current ratio of 6.83 and a quick ratio of 6.83. The company has a market capitalization of $230.14 million, a price-to-earnings ratio of 13.01 and a beta of 1.36. The firm’s fifty day moving average price is $8.74 and its 200 day moving average price is $9.22.

Angel Oak Mortgage REIT (NYSE:AOMR) last announced its earnings results on Thursday, November 6th. The company reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.28 by ($0.26). Angel Oak Mortgage REIT had a net margin of 12.93% and a return on equity of 6.42%. The business had revenue of $28.02 million for the quarter, compared to analyst estimates of $10.68 million. On average, research analysts forecast that Angel Oak Mortgage REIT Inc. will post 0.03 EPS for the current fiscal year.

Angel Oak Mortgage REIT Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 26th. Shareholders of record on Tuesday, November 18th were given a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 13.9%. The ex-dividend date of this dividend was Tuesday, November 18th. Angel Oak Mortgage REIT’s dividend payout ratio is presently 180.28%.

Analyst Ratings Changes

A number of equities analysts have recently commented on AOMR shares. Wall Street Zen downgraded shares of Angel Oak Mortgage REIT from a “hold” rating to a “sell” rating in a research note on Saturday, November 15th. Zacks Research upgraded Angel Oak Mortgage REIT from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 4th. Weiss Ratings reissued a “hold (c-)” rating on shares of Angel Oak Mortgage REIT in a research report on Monday, December 29th. Finally, UBS Group decreased their target price on Angel Oak Mortgage REIT from $10.00 to $9.75 and set a “neutral” rating for the company in a research report on Tuesday, November 18th. Three research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, Angel Oak Mortgage REIT has an average rating of “Moderate Buy” and a consensus price target of $11.06.

Angel Oak Mortgage REIT Profile

Angel Oak Mortgage REIT, Inc (NYSE: AOMR) is a real estate investment trust that specializes in a diversified portfolio of residential mortgage assets. The company primarily invests in non-agency residential mortgage-backed securities (RMBS), residential whole loans and credit risk transfer securities issued by government-sponsored enterprises. By focusing on these structured credit instruments, Angel Oak Mortgage REIT seeks to generate attractive risk-adjusted returns through a combination of net interest income and potential capital appreciation.

The firm employs leverage through repurchase financing facilities and actively manages duration and credit exposure to adapt to changing market conditions.