Intech Investment Management LLC Buys Shares of 210,948 Adamas Trust, Inc. $ADAM

Intech Investment Management LLC bought a new stake in shares of Adamas Trust, Inc. (NASDAQ:ADAM) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 210,948 shares of the company’s stock, valued at approximately $1,540,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of ADAM. Geode Capital Management LLC acquired a new position in Adamas Trust during the 4th quarter valued at about $15,702,000. Wolverine Asset Management LLC acquired a new position in Adamas Trust during the 4th quarter valued at about $2,905,000. UBS Group AG acquired a new position in Adamas Trust during the 4th quarter valued at about $2,338,000. New York State Teachers Retirement System acquired a new position in Adamas Trust during the 4th quarter valued at about $940,000. Finally, State of Alaska Department of Revenue acquired a new position in Adamas Trust during the 4th quarter valued at about $307,000. 54.89% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. JonesTrading boosted their target price on shares of Adamas Trust from $7.50 to $9.50 and gave the company a “buy” rating in a research note on Friday, February 20th. Weiss Ratings raised shares of Adamas Trust from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, April 24th. B. Riley Financial lowered shares of Adamas Trust from a “buy” rating to a “neutral” rating and set a $9.50 target price for the company. in a research note on Thursday, April 30th. Finally, Keefe, Bruyette & Woods upped their price target on shares of Adamas Trust from $8.25 to $9.00 and gave the stock a “market perform” rating in a research note on Friday, February 20th. One investment analyst has rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $9.33.

Adamas Trust Trading Down 1.3%

Shares of NASDAQ:ADAM opened at $8.98 on Friday. The stock has a 50 day moving average of $8.28. The firm has a market cap of $806.94 million, a price-to-earnings ratio of 7.68 and a beta of 1.17. Adamas Trust, Inc. has a twelve month low of $6.16 and a twelve month high of $9.32. The company has a current ratio of 17.69, a quick ratio of 17.70 and a debt-to-equity ratio of 11.91.

Adamas Trust (NASDAQ:ADAM) last issued its quarterly earnings results on Wednesday, April 29th. The company reported $0.29 earnings per share for the quarter, topping analysts’ consensus estimates of $0.24 by $0.05. The company had revenue of $45.81 million during the quarter, compared to analyst estimates of $40.00 million. Adamas Trust had a net margin of 24.14% and a return on equity of 14.29%. Equities research analysts forecast that Adamas Trust, Inc. will post 1.05 EPS for the current year.

Adamas Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 28th. Stockholders of record on Monday, March 30th were paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 10.2%. The ex-dividend date of this dividend was Monday, March 30th. Adamas Trust’s dividend payout ratio is currently 78.63%.

Adamas Trust Company Profile

New York Mortgage Trust, Inc acquires, invests in, finances, and manages mortgage-related single-family and multi-family residential assets in the United States. Its targeted investments include residential loans, second mortgages, and business purpose loans; structured multi-family property investments, such as preferred equity in, and mezzanine loans to owners of multi-family properties, as well as joint venture equity investments in multi-family properties; non-agency residential mortgage-backed securities (RMBS); agency RMBS; commercial mortgage-backed securities (CMBS); and other mortgage, residential housing, and credit-related assets.