Short Interest in Angel Oak Mortgage REIT, Inc. (NYSE:AOMR) Declines By 69.1%

Angel Oak Mortgage REIT, Inc. (NYSE:AOMR) was the recipient of a large decline in short interest in the month of July. As of July 31st, there was short interest totalling 304,500 shares, a decline of 69.1% from the July 15th total of 986,400 shares. Approximately 1.7% of the company’s shares are sold short. Based on an average daily trading volume, of 95,100 shares, the short-interest ratio is presently 3.2 days.

Hedge Funds Weigh In On Angel Oak Mortgage REIT

Hedge funds have recently added to or reduced their stakes in the company. O Shaughnessy Asset Management LLC increased its holdings in Angel Oak Mortgage REIT by 332.3% in the first quarter. O Shaughnessy Asset Management LLC now owns 57,573 shares of the company’s stock worth $618,000 after buying an additional 44,256 shares during the last quarter. Masters Capital Management LLC boosted its position in Angel Oak Mortgage REIT by 15.9% during the fourth quarter. Masters Capital Management LLC now owns 1,149,378 shares of the company’s stock worth $12,183,000 after purchasing an additional 157,378 shares during the period. Newbridge Financial Services Group Inc. bought a new stake in Angel Oak Mortgage REIT during the first quarter worth approximately $50,000. Renaissance Technologies LLC boosted its position in Angel Oak Mortgage REIT by 21.2% during the second quarter. Renaissance Technologies LLC now owns 25,200 shares of the company’s stock worth $330,000 after purchasing an additional 4,400 shares during the period. Finally, Ritholtz Wealth Management boosted its position in Angel Oak Mortgage REIT by 35.0% during the second quarter. Ritholtz Wealth Management now owns 39,212 shares of the company’s stock worth $514,000 after purchasing an additional 10,171 shares during the period. Institutional investors and hedge funds own 80.15% of the company’s stock.

Angel Oak Mortgage REIT Stock Up 0.6 %

NYSE:AOMR traded up $0.07 during mid-day trading on Thursday, reaching $11.93. The stock had a trading volume of 69,635 shares, compared to its average volume of 65,492. The business’s 50 day moving average is $12.20 and its 200 day moving average is $11.45. Angel Oak Mortgage REIT has a fifty-two week low of $7.60 and a fifty-two week high of $13.31. The stock has a market cap of $298.24 million, a P/E ratio of 6.48 and a beta of 1.44. The company has a debt-to-equity ratio of 4.35, a current ratio of 5.69 and a quick ratio of 5.69.

Angel Oak Mortgage REIT Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 30th. Investors of record on Thursday, August 22nd will be issued a $0.32 dividend. The ex-dividend date is Thursday, August 22nd. This represents a $1.28 dividend on an annualized basis and a yield of 10.73%. Angel Oak Mortgage REIT’s dividend payout ratio is currently 69.57%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on AOMR shares. BTIG Research started coverage on Angel Oak Mortgage REIT in a report on Wednesday, July 31st. They issued a “buy” rating and a $13.50 target price on the stock. UBS Group upped their target price on Angel Oak Mortgage REIT from $10.00 to $10.50 and gave the company a “neutral” rating in a report on Tuesday, May 14th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $11.50.

Angel Oak Mortgage REIT Company Profile

Angel Oak Mortgage REIT, Inc, a real estate finance company, focuses on acquiring and investing in first lien non- qualified mortgage loans and other mortgage-related assets in the United States mortgage market. It offers investment securities; residential mortgage loans; and commercial mortgage loans.