Jacobs Asset Management LLC Has $2.48 Million Position in Angel Oak Mortgage REIT Inc. $AOMR

Jacobs Asset Management LLC boosted its holdings in Angel Oak Mortgage REIT Inc. (NYSE:AOMR) by 43.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 287,500 shares of the company’s stock after buying an additional 87,500 shares during the period. Angel Oak Mortgage REIT makes up about 1.4% of Jacobs Asset Management LLC’s investment portfolio, making the stock its 25th biggest position. Jacobs Asset Management LLC’s holdings in Angel Oak Mortgage REIT were worth $2,475,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of AOMR. Strs Ohio acquired a new position in Angel Oak Mortgage REIT in the first quarter valued at approximately $25,000. BNP Paribas Financial Markets lifted its holdings in Angel Oak Mortgage REIT by 343.0% in the second quarter. BNP Paribas Financial Markets now owns 3,929 shares of the company’s stock valued at $37,000 after buying an additional 3,042 shares during the period. Marshall Wace LLP acquired a new position in Angel Oak Mortgage REIT in the fourth quarter valued at approximately $87,000. Public Employees Retirement System of Ohio acquired a new position in Angel Oak Mortgage REIT in the third quarter valued at approximately $88,000. Finally, Russell Investments Group Ltd. lifted its holdings in Angel Oak Mortgage REIT by 249.2% in the second quarter. Russell Investments Group Ltd. now owns 14,005 shares of the company’s stock valued at $132,000 after buying an additional 9,994 shares during the period. 80.15% of the stock is currently owned by institutional investors and hedge funds.

Angel Oak Mortgage REIT Price Performance

Shares of AOMR opened at $8.45 on Friday. The company has a current ratio of 13.09, a quick ratio of 13.09 and a debt-to-equity ratio of 8.44. Angel Oak Mortgage REIT Inc. has a 1 year low of $7.95 and a 1 year high of $10.14. The stock has a market cap of $210.45 million, a P/E ratio of 13.20 and a beta of 1.28. The stock’s 50-day moving average price is $8.56 and its two-hundred day moving average price is $8.66.

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

Angel Oak Mortgage REIT Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Friday, May 22nd were issued a dividend of $0.32 per share. The ex-dividend date was Friday, May 22nd. This represents a $1.28 dividend on an annualized basis and a yield of 15.2%. Angel Oak Mortgage REIT’s dividend payout ratio (DPR) is 200.00%.

Wall Street Analyst Weigh In

AOMR has been the topic of a number of recent analyst reports. Weiss Ratings cut Angel Oak Mortgage REIT from a “hold (c)” rating to a “sell (d+)” rating in a report on Friday, May 15th. JonesTrading restated a “buy” rating and set a $10.50 target price on shares of Angel Oak Mortgage REIT in a report on Thursday, February 26th. One investment analyst has rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Angel Oak Mortgage REIT has a consensus rating of “Hold” and an average price target of $10.13.

Angel Oak Mortgage REIT 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.