Angel Oak Mortgage REIT Inc. $AOMR Stake Increased by Jacobs Asset Management LLC

Jacobs Asset Management LLC boosted its stake in Angel Oak Mortgage REIT Inc. (NYSE:AOMR) by 30.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 375,000 shares of the company’s stock after acquiring an additional 87,500 shares during the period. Angel Oak Mortgage REIT accounts for 1.8% of Jacobs Asset Management LLC’s portfolio, making the stock its 20th largest position. Jacobs Asset Management LLC owned approximately 1.51% of Angel Oak Mortgage REIT worth $3,082,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently added to or reduced their stakes in the company. Renaissance Technologies LLC grew its holdings in Angel Oak Mortgage REIT by 6.6% during the 1st quarter. Renaissance Technologies LLC now owns 31,223 shares of the company’s stock worth $257,000 after acquiring an additional 1,923 shares in the last quarter. Riverbridge Partners LLC increased its position in shares of Angel Oak Mortgage REIT by 8.0% in the 1st quarter. Riverbridge Partners LLC now owns 197,392 shares of the company’s stock worth $1,623,000 after purchasing an additional 14,622 shares during the last quarter. Invesco Ltd. raised its stake in shares of Angel Oak Mortgage REIT by 20.1% in the 4th quarter. Invesco Ltd. now owns 35,816 shares of the company’s stock valued at $308,000 after purchasing an additional 5,994 shares in the last quarter. EP Wealth Advisors LLC acquired a new stake in shares of Angel Oak Mortgage REIT in the 4th quarter valued at about $154,000. Finally, State of Wisconsin Investment Board lifted its position in shares of Angel Oak Mortgage REIT by 22.3% during the fourth quarter. State of Wisconsin Investment Board now owns 87,884 shares of the company’s stock worth $757,000 after purchasing an additional 16,000 shares during the last quarter. 80.15% of the stock is currently owned by institutional investors.

Angel Oak Mortgage REIT Stock Performance

Angel Oak Mortgage REIT stock opened at $8.79 on Friday. The company has a market cap of $219.07 million, a PE ratio of 13.74 and a beta of 1.25. The company has a fifty day moving average price of $8.62 and a two-hundred day moving average price of $8.69. The company has a debt-to-equity ratio of 8.44, a current ratio of 13.09 and a quick ratio of 13.09. Angel Oak Mortgage REIT Inc. has a 12 month low of $7.95 and a 12 month high of $10.14.

Angel Oak Mortgage REIT (NYSE:AOMR) last released its earnings results on Tuesday, May 5th. The company reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.30 by ($0.12). Angel Oak Mortgage REIT had a net margin of 10.64% and a return on equity of 5.25%. The business had revenue of ($2.20) million for the quarter, compared to the consensus estimate of $11.14 million. Research analysts expect that Angel Oak Mortgage REIT Inc. will post 1.17 earnings per share for the current year.

Angel Oak Mortgage REIT Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Friday, May 22nd were given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 14.6%. The ex-dividend date of this dividend was Friday, May 22nd. Angel Oak Mortgage REIT’s dividend payout ratio is currently 200.00%.

Analyst Ratings Changes

A number of equities analysts recently commented on AOMR shares. BTIG Research decreased their price target on Angel Oak Mortgage REIT from $13.50 to $10.00 and set a “buy” rating for the company in a research note on Wednesday, June 17th. Weiss Ratings cut Angel Oak Mortgage REIT from a “hold (c)” rating to a “sell (d+)” rating in a research note on Friday, May 15th. Two equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $10.08.

Angel Oak Mortgage REIT Company 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.