Five Oaks Investment Corp. (NYSE:OAKS) was the target of a large decrease in short interest in June. As of June 30th, there was short interest totalling 372,449 shares, a decrease of 66.7% from the June 15th total of 1,118,895 shares. Approximately 1.7% of the shares of the stock are sold short. Based on an average daily volume of 596,686 shares, the days-to-cover ratio is presently 0.6 days.

In related news, CEO David C. Carroll acquired 10,000 shares of the stock in a transaction that occurred on Friday, June 16th. The stock was acquired at an average cost of $4.67 per share, for a total transaction of $46,700.00. Following the transaction, the chief executive officer now directly owns 65,384 shares in the company, valued at $305,343.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.92% of the stock is owned by corporate insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Two Sigma Investments LP acquired a new position in Five Oaks Investment Corp. during the fourth quarter valued at approximately $302,000. Mackenzie Financial Corp increased its position in Five Oaks Investment Corp. by 86.2% in the first quarter. Mackenzie Financial Corp now owns 73,853 shares of the real estate investment trust’s stock valued at $379,000 after buying an additional 34,194 shares during the period. Renaissance Technologies LLC increased its position in Five Oaks Investment Corp. by 15.5% in the first quarter. Renaissance Technologies LLC now owns 350,782 shares of the real estate investment trust’s stock valued at $1,800,000 after buying an additional 47,173 shares during the period. Finally, FMR LLC increased its position in Five Oaks Investment Corp. by 15.3% in the first quarter. FMR LLC now owns 574,053 shares of the real estate investment trust’s stock valued at $2,945,000 after buying an additional 76,353 shares during the period. 30.83% of the stock is currently owned by hedge funds and other institutional investors.

Separately, JMP Securities cut shares of Five Oaks Investment Corp. from a “mkt outperform” rating to a “market perform” rating in a research report on Thursday, March 30th.

Five Oaks Investment Corp. (NYSE OAKS) opened at 4.92 on Thursday. The firm has a market capitalization of $86.29 million, a PE ratio of 9.69 and a beta of 1.29. The company’s 50-day moving average is $5.06 and its 200-day moving average is $5.18. Five Oaks Investment Corp. has a 52-week low of $4.52 and a 52-week high of $6.15.

Five Oaks Investment Corp. (NYSE:OAKS) last announced its earnings results on Wednesday, May 10th. The real estate investment trust reported $0.15 earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by $0.05. The company had revenue of $5.78 million during the quarter. Five Oaks Investment Corp. had a net margin of 11.47% and a return on equity of 11.34%. Analysts forecast that Five Oaks Investment Corp. will post $0.73 EPS for the current fiscal year.

The business also recently announced a monthly dividend, which will be paid on Wednesday, August 30th. Investors of record on Tuesday, August 15th will be paid a $0.05 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 12.20%. The ex-dividend date of this dividend is Friday, August 11th. Five Oaks Investment Corp.’s dividend payout ratio is currently 120.00%.

ILLEGAL ACTIVITY WARNING: This article was reported by American Banking News and is the property of of American Banking News. If you are viewing this article on another publication, it was stolen and republished in violation of US and international copyright legislation. The legal version of this article can be viewed at https://www.americanbankingnews.com/2017/07/20/five-oaks-investment-corp-oaks-short-interest-down-66-7-in-june.html.

Five Oaks Investment Corp. Company Profile

Five Oaks Investment Corp. is a real estate investment trust. The Company is focused on investing on a leveraged basis in mortgage and other real estate-related assets, particularly residential mortgage loans and mortgage-backed securities (MBS). The Company invests in various assets, such as Agency residential MBS (RMBS); securitizations backed by multi-family mortgage loans, or Multi-Family MBS; residential mortgage loans and other mortgage-related investments, including mortgage servicing rights (MSRs), and Non-Agency RMBS.

Receive News & Ratings for Five Oaks Investment Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Five Oaks Investment Corp. and related companies with MarketBeat.com's FREE daily email newsletter.