Alpine Global Management LLC Sells 81,441 Shares of Angel Oak Mortgage REIT Inc. $AOMR

Alpine Global Management LLC decreased its position in shares of Angel Oak Mortgage REIT Inc. (NYSE:AOMR) by 39.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 125,606 shares of the company’s stock after selling 81,441 shares during the quarter. Alpine Global Management LLC’s holdings in Angel Oak Mortgage REIT were worth $1,081,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in AOMR. Victory Capital Management Inc. raised its stake in shares of Angel Oak Mortgage REIT by 256.5% during the 3rd quarter. Victory Capital Management Inc. now owns 1,508,687 shares of the company’s stock worth $14,136,000 after acquiring an additional 1,085,507 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in Angel Oak Mortgage REIT by 427.2% in the third quarter. JPMorgan Chase & Co. now owns 145,565 shares of the company’s stock valued at $1,364,000 after acquiring an additional 117,956 shares in the last quarter. Riverbridge Partners LLC grew its holdings in Angel Oak Mortgage REIT by 120.3% in the fourth quarter. Riverbridge Partners LLC now owns 182,770 shares of the company’s stock worth $1,574,000 after purchasing an additional 99,811 shares during the last quarter. Jacobs Asset Management LLC grew its holdings in Angel Oak Mortgage REIT by 43.8% in the fourth quarter. Jacobs Asset Management LLC now owns 287,500 shares of the company’s stock worth $2,475,000 after purchasing an additional 87,500 shares during the last quarter. Finally, Wolverine Asset Management LLC increased its position in shares of Angel Oak Mortgage REIT by 40.5% during the fourth quarter. Wolverine Asset Management LLC now owns 289,090 shares of the company’s stock worth $2,489,000 after purchasing an additional 83,381 shares in the last quarter. Hedge funds and other institutional investors own 80.15% of the company’s stock.

Angel Oak Mortgage REIT Stock Performance

Shares of NYSE AOMR opened at $8.44 on Friday. The company has a 50 day simple moving average of $8.58 and a two-hundred day simple moving average of $8.66. The stock has a market cap of $210.35 million, a price-to-earnings ratio of 13.19 and a beta of 1.28. The company has a current ratio of 13.09, a quick ratio of 13.09 and a debt-to-equity ratio of 8.44. Angel Oak Mortgage REIT Inc. has a 12 month low of $7.95 and a 12 month high of $10.14.

Angel Oak Mortgage REIT (NYSE:AOMR) last posted its quarterly earnings results on Tuesday, May 5th. The company reported $0.18 EPS for the quarter, missing the consensus estimate of $0.30 by ($0.12). The business had revenue of ($2.20) million during the quarter, compared to analysts’ expectations of $11.14 million. Angel Oak Mortgage REIT had a net margin of 10.64% and a return on equity of 5.25%. As a group, analysts predict that Angel Oak Mortgage REIT Inc. will post 1.17 earnings per share for the current year.

Angel Oak Mortgage REIT Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Friday, May 22nd were paid a $0.32 dividend. The ex-dividend date was Friday, May 22nd. This represents a $1.28 dividend on an annualized basis and a dividend yield of 15.2%. Angel Oak Mortgage REIT’s dividend payout ratio is presently 200.00%.

Wall Street Analysts Forecast Growth

AOMR has been the subject of several analyst reports. BTIG Research decreased their price objective on Angel Oak Mortgage REIT from $13.50 to $10.00 and set a “buy” rating for the company in a report on Wednesday. JonesTrading restated a “buy” rating and set a $10.50 target price on shares of Angel Oak Mortgage REIT in a research note on Thursday, February 26th. Finally, Weiss Ratings lowered Angel Oak Mortgage REIT from a “hold (c)” rating to a “sell (d+)” rating in a research report on Friday, May 15th. Two equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $10.08.

Angel Oak Mortgage REIT Profile

Angel Oak Mortgage REIT, Inc (NYSE: AOMR) is a real estate investment trust that specializes in a diversified portfolio of residential mortgage assets. The company primarily invests in non-agency residential mortgage-backed securities (RMBS), residential whole loans and credit risk transfer securities issued by government-sponsored enterprises. By focusing on these structured credit instruments, Angel Oak Mortgage REIT seeks to generate attractive risk-adjusted returns through a combination of net interest income and potential capital appreciation.

The firm employs leverage through repurchase financing facilities and actively manages duration and credit exposure to adapt to changing market conditions.