Vivaldi Capital Management LP Has $3.46 Million Stock Position in Angel Oak Mortgage REIT, Inc. (NYSE:AOMR)

Vivaldi Capital Management LP decreased its position in Angel Oak Mortgage REIT, Inc. (NYSE:AOMR) by 2.9% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 338,474 shares of the company’s stock after selling 10,000 shares during the period. Angel Oak Mortgage REIT comprises approximately 1.0% of Vivaldi Capital Management LP’s portfolio, making the stock its 26th largest position. Vivaldi Capital Management LP’s holdings in Angel Oak Mortgage REIT were worth $3,459,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Tower Research Capital LLC TRC boosted its stake in Angel Oak Mortgage REIT by 54.7% in the 4th quarter. Tower Research Capital LLC TRC now owns 3,259 shares of the company’s stock worth $35,000 after purchasing an additional 1,152 shares during the period. Gladius Capital Management LP bought a new stake in Angel Oak Mortgage REIT during the 3rd quarter worth about $32,000. Finally, Rappaport Reiches Capital Management LLC bought a new stake in Angel Oak Mortgage REIT during the 4th quarter worth about $190,000. Institutional investors and hedge funds own 80.15% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on AOMR shares. Oppenheimer reissued a “market perform” rating on shares of Angel Oak Mortgage REIT in a research report on Wednesday, March 6th. UBS Group upped their target price on shares of Angel Oak Mortgage REIT from $10.00 to $10.50 and gave the company a “neutral” rating in a report on Tuesday, May 14th. Wells Fargo & Company upped their target price on shares of Angel Oak Mortgage REIT from $9.00 to $10.00 and gave the company an “overweight” rating in a report on Thursday, March 7th. Finally, B. Riley reaffirmed a “neutral” rating and issued a $12.00 target price on shares of Angel Oak Mortgage REIT in a report on Tuesday, March 26th.

Angel Oak Mortgage REIT Stock Performance

Angel Oak Mortgage REIT stock traded up $0.03 during trading hours on Tuesday, hitting $12.06. The company had a trading volume of 29,747 shares, compared to its average volume of 43,009. The firm has a market cap of $301.14 million, a PE ratio of 6.55 and a beta of 1.44. The company has a debt-to-equity ratio of 4.35, a current ratio of 5.69 and a quick ratio of 5.69. Angel Oak Mortgage REIT, Inc. has a one year low of $7.35 and a one year high of $12.86. The firm has a 50-day moving average of $11.54 and a 200 day moving average of $10.93.

Angel Oak Mortgage REIT (NYSE:AOMR) last released its quarterly earnings results on Tuesday, May 7th. The company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.16 by ($0.08). Angel Oak Mortgage REIT had a net margin of 47.28% and a negative return on equity of 7.29%. The company had revenue of $25.21 million during the quarter, compared to the consensus estimate of $26.60 million. On average, sell-side analysts expect that Angel Oak Mortgage REIT, Inc. will post 0.86 earnings per share for the current year.

Angel Oak Mortgage REIT Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 31st. Investors of record on Wednesday, May 22nd were given a dividend of $0.32 per share. The ex-dividend date was Tuesday, May 21st. This represents a $1.28 annualized dividend and a dividend yield of 10.61%. Angel Oak Mortgage REIT’s dividend payout ratio is 69.57%.

About Angel Oak Mortgage REIT

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