Wolverine Asset Management LLC Makes New Investment in Angel Oak Mortgage REIT, Inc. (NYSE:AOMR)

Wolverine Asset Management LLC bought a new stake in Angel Oak Mortgage REIT, Inc. (NYSE:AOMR) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 59,019 shares of the company’s stock, valued at approximately $616,000. Wolverine Asset Management LLC owned approximately 0.25% of Angel Oak Mortgage REIT as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. O Shaughnessy Asset Management LLC grew its stake in Angel Oak Mortgage REIT by 332.3% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 57,573 shares of the company’s stock valued at $618,000 after purchasing an additional 44,256 shares during the period. Vanguard Group Inc. increased its holdings 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 worth $9,283,000 after buying an additional 12,208 shares during the last quarter. Renaissance Technologies LLC raised its position in Angel Oak Mortgage REIT by 21.2% in the second quarter. Renaissance Technologies LLC now owns 25,200 shares of the company’s stock worth $330,000 after acquiring an additional 4,400 shares during the period. Ritholtz Wealth Management raised its position in Angel Oak Mortgage REIT by 35.0% in the second quarter. Ritholtz Wealth Management now owns 39,212 shares of the company’s stock worth $514,000 after acquiring an additional 10,171 shares during the period. Finally, Gladius Capital Management LP purchased a new position in Angel Oak Mortgage REIT in the second quarter valued at about $35,000. 80.15% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Angel Oak Mortgage REIT

In related news, Director W D. Minami bought 5,000 shares of Angel Oak Mortgage REIT 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 acquisition, the director now directly owns 45,259 shares of the company’s stock, valued at $440,370.07. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director W D. Minami purchased 5,000 shares of the business’s stock in a transaction on Friday, November 8th. The stock was purchased at an average cost of $9.73 per share, with a total value of $48,650.00. Following the acquisition, the director now directly owns 45,259 shares in the company, valued at approximately $440,370.07. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Brandon Filson sold 22,894 shares of the company’s stock in a transaction on 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 transaction, the chief financial officer now directly owns 75,818 shares in the company, valued at approximately $835,514.36. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 29,948 shares of company stock valued at $336,083 over the last three months. Company insiders own 2.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on AOMR. Wells Fargo & Company decreased their price target on shares of Angel Oak Mortgage REIT from $13.00 to $12.00 and set an “overweight” rating for the company in a research note on Thursday, November 7th. BTIG Research started coverage on Angel Oak Mortgage REIT in a research note 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 issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $12.00.

Angel Oak Mortgage REIT Stock Performance

NYSE AOMR opened at $10.02 on Thursday. The firm has a market cap of $235.57 million, a P/E ratio of 3.41 and a beta of 1.43. The company has a quick ratio of 5.76, a current ratio of 5.76 and a debt-to-equity ratio of 5.29. The company’s 50 day moving average is $9.97 and its 200-day moving average is $11.28. Angel Oak Mortgage REIT, Inc. has a 12-month low of $8.88 and a 12-month high of $13.31.

Angel Oak Mortgage REIT Announces Dividend

The business also recently announced 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 annualized dividend and a dividend yield of 12.77%. Angel Oak Mortgage REIT’s dividend payout ratio is currently 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.