Wolverine Asset Management LLC Reduces Holdings in Angel Oak Mortgage REIT, Inc. (NYSE:AOMR)

Wolverine Asset Management LLC decreased its holdings in Angel Oak Mortgage REIT, Inc. (NYSE:AOMR) by 58.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 45,602 shares of the company’s stock after selling 65,030 shares during the quarter. Wolverine Asset Management LLC’s holdings in Angel Oak Mortgage REIT were worth $483,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in AOMR. Gladius Capital Management LP bought a new stake in Angel Oak Mortgage REIT during the 3rd quarter worth approximately $32,000. Nisa Investment Advisors LLC raised its stake in Angel Oak Mortgage REIT by 19.2% during the 3rd quarter. Nisa Investment Advisors LLC now owns 9,075 shares of the company’s stock worth $77,000 after acquiring an additional 1,460 shares during the period. Finally, Rappaport Reiches Capital Management LLC bought a new stake in Angel Oak Mortgage REIT during the 4th quarter worth approximately $190,000. Hedge funds and other institutional investors own 80.15% of the company’s stock.

Analyst Ratings Changes

AOMR has been the topic of a number of recent analyst reports. Wells Fargo & Company raised their target price on shares of Angel Oak Mortgage REIT from $9.00 to $10.00 and gave the stock an “overweight” rating in a research note on Thursday, March 7th. Oppenheimer restated a “market perform” rating on shares of Angel Oak Mortgage REIT in a research note on Wednesday, March 6th. Finally, B. Riley restated a “neutral” rating and set a $12.00 target price on shares of Angel Oak Mortgage REIT in a research note on Tuesday, March 26th.

Angel Oak Mortgage REIT Trading Up 2.1 %

Angel Oak Mortgage REIT stock opened at $10.89 on Friday. The stock has a market cap of $271.87 million, a P/E ratio of 8.07 and a beta of 1.40. The company has a debt-to-equity ratio of 4.57, a current ratio of 5.65 and a quick ratio of 5.65. Angel Oak Mortgage REIT, Inc. has a 1 year low of $7.02 and a 1 year high of $11.92. The firm’s 50 day moving average price is $10.71 and its 200-day moving average price is $10.25.

Angel Oak Mortgage REIT (NYSE:AOMR) last released its quarterly earnings data on Tuesday, March 5th. The company reported ($0.28) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.44). The company had revenue of $24.55 million for the quarter, compared to the consensus estimate of $25.19 million. Angel Oak Mortgage REIT had a net margin of 35.14% and a negative return on equity of 12.35%. On average, equities analysts predict that Angel Oak Mortgage REIT, Inc. will post 0.91 earnings per share for the current fiscal year.

Angel Oak Mortgage REIT Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 29th. Stockholders of record on Thursday, February 22nd were given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 11.75%. The ex-dividend date of this dividend was Wednesday, February 21st. Angel Oak Mortgage REIT’s payout ratio is currently 94.81%.

Angel Oak Mortgage REIT 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.