Angel Oak Mortgage REIT Inc. (NYSE:AOMR) Short Interest Up 24.2% in March

Angel Oak Mortgage REIT Inc. (NYSE:AOMR) saw a significant increase in short interest during the month of March. As of March 13th, there was short interest totaling 364,670 shares, an increase of 24.2% from the February 26th total of 293,587 shares. Approximately 1.5% of the company’s stock are sold short. Based on an average daily volume of 78,256 shares, the short-interest ratio is currently 4.7 days.

Angel Oak Mortgage REIT Stock Performance

AOMR stock traded up $0.04 during midday trading on Tuesday, hitting $8.21. The company’s stock had a trading volume of 33,522 shares, compared to its average volume of 101,424. The stock has a market cap of $204.64 million, a price-to-earnings ratio of 4.54 and a beta of 1.36. The company has a quick ratio of 10.95, a current ratio of 10.95 and a debt-to-equity ratio of 7.49. The stock’s 50-day moving average price is $8.67 and its 200 day moving average price is $8.89. Angel Oak Mortgage REIT has a 1 year low of $7.36 and a 1 year high of $10.34.

Angel Oak Mortgage REIT (NYSE:AOMR) last announced its earnings results on Wednesday, February 25th. The company reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.01. The firm had revenue of $16.70 million during the quarter, compared to analyst estimates of $11.33 million. Angel Oak Mortgage REIT had a return on equity of 5.15% and a net margin of 30.65%. On average, equities analysts forecast that Angel Oak Mortgage REIT will post 0.03 EPS for the current year.

Angel Oak Mortgage REIT Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 27th. Shareholders of record on Friday, February 20th were given a $0.32 dividend. The ex-dividend date of this dividend was Friday, February 20th. This represents a $1.28 annualized dividend and a yield of 15.6%. Angel Oak Mortgage REIT’s payout ratio is currently 70.72%.

Analyst Ratings Changes

Several research firms recently weighed in on AOMR. Weiss Ratings restated a “hold (c-)” rating on shares of Angel Oak Mortgage REIT in a report on Monday, December 29th. JonesTrading reiterated a “buy” rating and issued a $10.50 price objective on shares of Angel Oak Mortgage REIT in a research note on Thursday, February 26th. Two equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $11.08.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of AOMR. Victory Capital Management Inc. increased its stake in shares of Angel Oak Mortgage REIT by 256.5% in the third quarter. Victory Capital Management Inc. now owns 1,508,687 shares of the company’s stock worth $14,136,000 after purchasing an additional 1,085,507 shares in the last quarter. Alpine Global Management LLC purchased a new stake in shares of Angel Oak Mortgage REIT during the 3rd quarter valued at approximately $1,940,000. North Ground Capital boosted its holdings in Angel Oak Mortgage REIT by 94.4% in the 3rd quarter. North Ground Capital now owns 388,836 shares of the company’s stock worth $3,643,000 after buying an additional 188,836 shares during the period. JPMorgan Chase & Co. grew its stake in Angel Oak Mortgage REIT by 427.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 145,565 shares of the company’s stock valued at $1,364,000 after buying an additional 117,956 shares in the last quarter. Finally, Riverbridge Partners LLC grew its stake in Angel Oak Mortgage REIT by 120.3% in the 4th quarter. Riverbridge Partners LLC now owns 182,770 shares of the company’s stock valued at $1,574,000 after buying an additional 99,811 shares in the last quarter. 80.15% of the stock is owned by institutional investors.

About Angel Oak Mortgage REIT

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.