Adamas Trust Target of Unusually High Options Trading (NASDAQ:ADAM)

Adamas Trust, Inc. (NASDAQ:ADAM) saw some unusual options trading on Wednesday. Stock traders bought 24,801 call options on the stock. This is an increase of 22,243% compared to the typical daily volume of 111 call options.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings started coverage on shares of Adamas Trust in a research report on Wednesday, January 14th. They issued a “hold (c-)” rating for the company. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, Adamas Trust has a consensus rating of “Hold”.

Adamas Trust Stock Down 0.2%

Shares of NASDAQ:ADAM opened at $8.42 on Friday. The company has a current ratio of 12.44, a quick ratio of 12.43 and a debt-to-equity ratio of 12.30. Adamas Trust has a 1-year low of $5.01 and a 1-year high of $8.76. The company has a market cap of $760.41 million, a price-to-earnings ratio of 38.36 and a beta of 1.11.

Hedge Funds Weigh In On Adamas Trust

Several institutional investors have recently bought and sold shares of ADAM. Atwood & Palmer Inc. purchased a new stake in shares of Adamas Trust during the 4th quarter worth approximately $29,000. Nisa Investment Advisors LLC purchased a new position in shares of Adamas Trust in the fourth quarter valued at $65,000. CWM LLC bought a new stake in Adamas Trust in the fourth quarter worth $73,000. Pictet Asset Management Holding SA purchased a new stake in Adamas Trust during the fourth quarter valued at $76,000. Finally, Kestra Private Wealth Services LLC bought a new position in Adamas Trust during the fourth quarter valued at $90,000. 54.89% of the stock is owned by hedge funds and other institutional investors.

About Adamas Trust

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.