Five Oaks Investment Corp. (OAKS) Short Interest Down 66.7% in June
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%.
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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.
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