Angel Oak Mortgage REIT, Inc. (NYSE:AOMR) short interest rose 5.2% in September

Angel Oak Mortgage REIT, Inc. (NYSE:AOMR – Get Free Report ) saw a large increase in short interest during the month of September. As of September 15th, there was short interest totaling 116,600 shares, an increase of 5.2% from August 31st’s total of 110,800 shares. Based on an average daily trading volume of 160,900 shares, the short interest rate is currently 0.7 days. Currently, 0.7% of the stock’s shares are short sold.

Insider buying and selling

In related news, CFO Brandon Filson sold 22,894 shares of the company’s stock in a transaction dated Thursday, September 5th. The shares were 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 of the company’s stock, valued at approximately $835,514.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Angel Oak Mortgage REIT news, Director Jonathan Morgan sold 4,377 shares of the business’s stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $12.17, for a total value of $53,268.09. Following the sale, the director now owns 33,059 shares in the company, valued at approximately $402,328.03. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC’s website. Also, CFO Brandon Filson sold 22,894 shares of the business’s stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $11.02, for a total transaction of $252,291.88. Following the completion of the sale, the chief financial officer now owns 75,818 shares in the company, valued at approximately $835,514.36. The disclosure for this sale can be found here. In the last quarter, insiders sold 35,571 shares of company stock worth $403,502. Company insiders own 2.50% of the company’s shares.

Hedge funds weigh Angel Oak Mortgage REIT

A number of hedge funds have recently added to or reduced their stakes in the stock. Masters Capital Management LLC grew its stake in Angel Oak Mortgage REIT by 15.9% in the fourth quarter. Masters Capital Management LLC now owns 1,149,378 shares of the company’s stock valued at $12,183,000 after buying an additional 157,378 shares during the last quarter. O Shaughnessy Asset Management LLC raised its stake in shares of Angel Oak Mortgage REIT by 332.3% in the first quarter. O Shaughnessy Asset Management LLC now owns 57,573 shares of the company’s stock valued at $618,000 after buying an additional 44,256 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Angel Oak Mortgage REIT by 1.4% in 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 in the last quarter. Ritholtz Wealth Management raised its stake 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 valued at $514,000 after purchasing an additional 10,171 shares in the last quarter. Finally, Renaissance Technologies LLC raised its stake 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 valued at $330,000 after acquiring an additional 4,400 shares in the last quarter. 80.15% of shares are currently owned by institutional investors.

Analysts on Wall Street are forecasting an increase

Separately, BTIG Research began coverage on shares of Angel Oak Mortgage REIT in a research report on Wednesday, July 31st. They set a “buy” rating and a $13.50 price target on the stock. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Angel Oak Mortgage REIT currently has a consensus rating of “Hold” and a consensus price target of $11.50, according to MarketBeat.

Read our latest research report on Angel Oak Mortgage REIT

Angel Oak Mortgage REIT Down 1.0%

Shares of Angel Oak Mortgage REIT stock traded down $0.10 during midday trading on Tuesday, hitting $10.33. The stock had a trading volume of 55,299 shares compared to its average volume of 84,552. The company has a quick ratio of 16.23, a current ratio of 16.23, and a debt-to-equity ratio of 5.36. Angel Oak Mortgage REIT has a 52 week low of $7.60 and a 52 week high of $13.31. The firm has a market cap of $258.24 million, a price-to-earnings ratio of 5.67 and a beta of 1.42. The company has a fifty day moving average of $11.37 and a 200 day moving average of $11.55.

Angel Oak Mortgage REIT (NYSE:AOMR – Get Your Free Report ) last posted its earnings results on Tuesday, August 6th. The company reported ($0.12) EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.23). The company had revenue of $25.90 million during the quarter, compared to the consensus estimate of $25.50 million. Angel Oak Mortgage REIT had a negative return on equity of 6.67% and a net margin of 49.69%. On average, analysts anticipate that Angel Oak Mortgage REIT will post 0.4 earnings per share for the current fiscal year.

Angel Oak Mortgage REIT Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Thursday, August 22nd were paid a $0.32 dividend. The ex-dividend date of this dividend was Thursday, August 22. This represents a dividend of $1.28 on an annualized basis and a yield of 12.39%. Angel Oak Mortgage REIT’s dividend payout ratio is currently 69.57%.

About Angel Oak Mortgage REIT

(Get a free report)

Angel Oak Mortgage REIT, Inc, a real estate finance company, focuses on acquiring and investing in subprime mortgage loans and other mortgage-related assets in the United States mortgage market. Offers investment securities; residential mortgage loans; and commercial mortgage loans.

Further reading

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