Insider Buying: Angel Oak Mortgage REIT (NYSE:AOMR) Director Buys $55,080.00 in Stock

Angel Oak Mortgage REIT Inc. (NYSE:AOMR) Director W Minami bought 6,800 shares of the firm’s stock in a transaction that occurred on Thursday, September 10th. The stock was purchased at an average cost of $8.10 per share, with a total value of $55,080.00. Following the completion of the transaction, the director owned 87,118 shares in the company, valued at approximately $705,655.80. This trade represents a 8.47% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Angel Oak Mortgage REIT Price Performance

Shares of NYSE AOMR opened at $8.10 on Friday. The stock has a market cap of $188.15 million, a P/E ratio of 10.80 and a beta of 1.26. Angel Oak Mortgage REIT Inc. has a twelve month low of $7.95 and a twelve month high of $9.88. The stock has a 50 day moving average of $8.73 and a two-hundred day moving average of $8.61. The company has a current ratio of 7.16, a quick ratio of 7.16 and a debt-to-equity ratio of 8.76.

Angel Oak Mortgage REIT Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Friday, August 21st were given a $0.32 dividend. The ex-dividend date was Friday, August 21st. This represents a $1.28 annualized dividend and a yield of 15.8%. Angel Oak Mortgage REIT’s dividend payout ratio is 170.67%.

Wall Street Analysts Forecast Growth

AOMR has been the subject of a number of research reports. Wall Street Zen raised shares of Angel Oak Mortgage REIT from a “sell” rating to a “hold” rating in a report on Saturday, August 8th. Wells Fargo & Company dropped their price target on Angel Oak Mortgage REIT from $11.00 to $10.00 and set an “overweight” rating on the stock in a research report on Wednesday, August 5th. JonesTrading reaffirmed a “buy” rating and set a $10.50 price objective on shares of Angel Oak Mortgage REIT in a research note on Tuesday, August 4th. Weiss Ratings raised Angel Oak Mortgage REIT from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, August 4th. Finally, BTIG Research lowered their target price on Angel Oak Mortgage REIT from $13.50 to $10.00 and set a “buy” rating on the stock in a research note on Wednesday, June 17th. Three equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $10.06.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new stake in shares of Angel Oak Mortgage REIT in the second quarter valued at approximately $12,210,000. North Ground Capital acquired a new position in Angel Oak Mortgage REIT during the second quarter worth $1,492,471. JPMorgan Chase & Co. raised its position in Angel Oak Mortgage REIT by 427.2% in the third quarter. JPMorgan Chase & Co. now owns 145,565 shares of the company’s stock worth $1,364,000 after acquiring an additional 117,956 shares in the last quarter. Jacobs Levy Equity Management Inc. raised its position in Angel Oak Mortgage REIT by 584.4% in the third quarter. Jacobs Levy Equity Management Inc. now owns 103,757 shares of the company’s stock worth $972,000 after acquiring an additional 88,596 shares in the last quarter. Finally, Jacobs Asset Management LLC lifted its holdings in Angel Oak Mortgage REIT by 30.4% in the first quarter. Jacobs Asset Management LLC now owns 375,000 shares of the company’s stock valued at $3,082,000 after acquiring an additional 87,500 shares during the period. 80.15% of the stock is owned by hedge funds and other 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.