Angel Oak Mortgage, Inc. (NYSE:AOMR – Get Rating) Director Jonathan Morgan bought 4,000 shares of the stock in a transaction dated Wednesday, November 30th. The stock was acquired at an average price of $7.34 per share, with a total value of $29,360.00. Following the completion of the purchase, the director now owns 22,226 shares of the company’s stock, valued at approximately $163,138.84. The acquisition was disclosed in a filing with the SEC, which is available through this link.
Angel Oak Mortgage Trading Up 1.2 %
Shares of Angel Oak Mortgage stock traded up $0.09 during trading on Wednesday, hitting $7.30. 211,862 shares of the company were exchanged, compared to its average volume of 65,449. The firm has a market capitalization of $182.04 million, a P/E ratio of -0.93, a price-to-earnings-growth ratio of 0.28 and a beta of 0.52. Angel Oak Mortgage, Inc. has a 1-year low of $6.63 and a 1-year high of $17.93. The firm’s fifty day moving average price is $10.17 and its 200 day moving average price is $12.69. The company has a debt-to-equity ratio of 3.96, a current ratio of 2.43 and a quick ratio of 2.43.
Angel Oak Mortgage Cuts Dividend
The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 30th. Stockholders of record on Tuesday, November 22nd will be given a dividend of $0.32 per share. The ex-dividend date is Monday, November 21st. This represents a $1.28 annualized dividend and a dividend yield of 17.53%. Angel Oak Mortgage’s payout ratio is currently -17.83%.
Wall Street Analyst Weigh In
AOMR has been the subject of a number of research reports. B. Riley lowered Angel Oak Mortgage from a “buy” rating to a “neutral” rating and lifted their price objective for the stock from $10.00 to $15.00 in a research report on Monday, November 21st. Wells Fargo & Company decreased their target price on Angel Oak Mortgage from $15.00 to $10.00 and set an “overweight” rating for the company in a research report on Wednesday, November 9th.
Hedge Funds Weigh In On Angel Oak Mortgage
Several institutional investors have recently modified their holdings of AOMR. New York State Common Retirement Fund lifted its holdings in shares of Angel Oak Mortgage by 142.4% during the 1st quarter. New York State Common Retirement Fund now owns 8,968 shares of the company’s stock valued at $147,000 after purchasing an additional 5,268 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in Angel Oak Mortgage by 48.6% in the 1st quarter. JPMorgan Chase & Co. now owns 101,327 shares of the company’s stock valued at $1,663,000 after acquiring an additional 33,129 shares in the last quarter. Raymond James & Associates lifted its stake in Angel Oak Mortgage by 9.3% in the 1st quarter. Raymond James & Associates now owns 12,460 shares of the company’s stock valued at $204,000 after acquiring an additional 1,060 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in Angel Oak Mortgage by 38.4% in the 1st quarter. Bank of New York Mellon Corp now owns 27,492 shares of the company’s stock valued at $451,000 after acquiring an additional 7,626 shares in the last quarter. Finally, BlackRock Inc. lifted its stake in Angel Oak Mortgage by 2.6% in the 1st quarter. BlackRock Inc. now owns 627,356 shares of the company’s stock valued at $10,294,000 after acquiring an additional 15,938 shares in the last quarter. Institutional investors own 84.30% of the company’s stock.
Angel Oak Mortgage Company Profile
Angel Oak Mortgage, 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. The company qualifies as a real estate investment trust for federal income tax purposes. It generally would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders.
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