Angel Oak Mortgage REIT, Inc. (NYSE:AOMR) Sees Significant Growth in Short Interest

Angel Oak Mortgage REIT, Inc. (NYSE:AOMR) saw a significant increase in short interest in September. As of September 15th, there was short interest totalling 116,600 shares, an increase of 5.2% from the August 31st total of 110,800 shares. Approximately 0.7% of the shares of the company are short sold. Based on an average trading volume of 160,900 shares, the days-to-cover ratio is currently 0.7 days.

Insider Activity at Angel Oak Mortgage REIT

In other Angel Oak Mortgage REIT news, Director Jonathan Morgan sold 5,623 shares of the company’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $11.99, for a total value of $67,419.77. Following the sale, the director now owns 37,436 shares in the company, valued at approximately $448,857.64. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Angel Oak Mortgage REIT news, Director Jonathan Morgan sold 5,623 shares of Angel Oak Mortgage REIT stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $11.99, for a total value of $67,419.77. Following the completion of the transaction, the director now owns 37,436 shares of the company’s stock, valued at $448,857.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Brandon Filson sold 22,894 shares of the stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $11.02, for a total transaction of $252,291.88. Following the sale, the chief financial officer now directly owns 75,818 shares in the company, valued at $835,514.36. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 35,571 shares of company stock worth $403,502. 2.50% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of AOMR. Masters Capital Management LLC lifted its holdings in Angel Oak Mortgage REIT by 15.9% in the fourth quarter. Masters Capital Management LLC now owns 1,149,378 shares of the company’s stock valued at $12,183,000 after acquiring an additional 157,378 shares during the last quarter. O Shaughnessy Asset Management LLC raised its position in Angel Oak Mortgage REIT by 332.3% in the first quarter. O Shaughnessy Asset Management LLC now owns 57,573 shares of the company’s stock valued at $618,000 after purchasing an additional 44,256 shares during the period. Vanguard Group Inc. lifted its stake in shares of Angel Oak Mortgage REIT by 1.4% in the 1st quarter. Vanguard Group Inc. now owns 864,368 shares of the company’s stock valued at $9,283,000 after purchasing an additional 12,208 shares during the last quarter. Ritholtz Wealth Management grew its holdings in shares of Angel Oak Mortgage REIT by 35.0% during the 2nd quarter. Ritholtz Wealth Management now owns 39,212 shares of the company’s stock worth $514,000 after purchasing an additional 10,171 shares during the period. Finally, Renaissance Technologies LLC increased its position in shares of Angel Oak Mortgage REIT by 21.2% during the 2nd quarter. Renaissance Technologies LLC now owns 25,200 shares of the company’s stock worth $330,000 after purchasing an additional 4,400 shares during the last quarter. Hedge funds and other institutional investors own 80.15% of the company’s stock.

Analyst Ratings Changes

Separately, BTIG Research assumed coverage on shares of Angel Oak Mortgage REIT in a research note on Wednesday, July 31st. They set a “buy” rating and a $13.50 target price for the company. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $11.50.

Angel Oak Mortgage REIT Stock Performance

AOMR opened at $10.36 on Wednesday. Angel Oak Mortgage REIT has a twelve month low of $7.60 and a twelve month high of $13.31. The firm has a market capitalization of $258.99 million, a PE ratio of 5.63 and a beta of 1.42. The company has a current ratio of 16.23, a quick ratio of 16.23 and a debt-to-equity ratio of 5.36. The firm’s 50-day moving average price is $11.34 and its 200 day moving average price is $11.55.

Angel Oak Mortgage REIT (NYSE:AOMR) last issued its earnings results on Tuesday, August 6th. The company reported ($0.12) earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.23). Angel Oak Mortgage REIT had a negative return on equity of 6.67% and a net margin of 49.69%. The company had revenue of $25.90 million for the quarter, compared to analyst estimates of $25.50 million. As a group, sell-side analysts expect that Angel Oak Mortgage REIT will post 0.4 EPS for the current fiscal year.

Angel Oak Mortgage REIT Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Thursday, August 22nd were paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 12.36%. The ex-dividend date of this dividend was Thursday, August 22nd. Angel Oak Mortgage REIT’s dividend payout ratio (DPR) is presently 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.