Five Oaks Investment (NYSE:OAKS) was upgraded by stock analysts at Ladenburg Thalmann Financial Services from a “neutral” rating to a “buy” rating in a note issued to investors on Friday, Marketbeat Ratings reports.
Separately, Zacks Investment Research cut shares of Five Oaks Investment from a “hold” rating to a “sell” rating in a research note on Saturday, October 14th.
Five Oaks Investment (OAKS) traded down $0.25 during midday trading on Friday, reaching $3.61. 676,187 shares of the company were exchanged, compared to its average volume of 358,339. The company has a market capitalization of $79.92, a PE ratio of 9.03 and a beta of 1.48. Five Oaks Investment has a twelve month low of $3.02 and a twelve month high of $5.61. The company has a debt-to-equity ratio of 21.93, a quick ratio of 216.96 and a current ratio of 216.96.
In other Five Oaks Investment news, major shareholder Bermuda Ltd Xl sold 710,495 shares of the company’s stock in a transaction dated Thursday, January 18th. The shares were sold at an average price of $4.77, for a total transaction of $3,389,061.15. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.92% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently modified their holdings of OAKS. Virtu KCG Holdings LLC acquired a new position in shares of Five Oaks Investment during the second quarter worth approximately $108,000. PVG Asset Management Corp acquired a new position in shares of Five Oaks Investment during the second quarter worth approximately $657,000. Mackenzie Financial Corp lifted its position in shares of Five Oaks Investment by 68.6% during the third quarter. Mackenzie Financial Corp now owns 167,225 shares of the real estate investment trust’s stock worth $746,000 after purchasing an additional 68,050 shares in the last quarter. Finally, Vanguard Group Inc. lifted its position in shares of Five Oaks Investment by 2.0% during the second quarter. Vanguard Group Inc. now owns 805,729 shares of the real estate investment trust’s stock worth $3,932,000 after purchasing an additional 16,005 shares in the last quarter. 33.12% of the stock is currently owned by hedge funds and other institutional investors.
About Five Oaks Investment
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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