Jacobs Levy Equity Management Inc. Has $1.62 Million Position in Angel Oak Mortgage REIT, Inc. (NYSE:AOMR)

Jacobs Levy Equity Management Inc. raised its position in Angel Oak Mortgage REIT, Inc. (NYSE:AOMR - Free Report) by 20.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 174,986 shares of the company's stock after buying an additional 29,695 shares during the quarter. Jacobs Levy Equity Management Inc. owned 0.74% of Angel Oak Mortgage REIT worth $1,624,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. D. E. Shaw & Co. Inc. grew its holdings in Angel Oak Mortgage REIT by 35.6% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 59,630 shares of the company's stock valued at $553,000 after buying an additional 15,661 shares in the last quarter. CF Capital LLC acquired a new position in Angel Oak Mortgage REIT in the 4th quarter valued at $1,095,000. BNP Paribas Financial Markets acquired a new position in Angel Oak Mortgage REIT in the 4th quarter valued at $76,000. Ameriprise Financial Inc. grew its holdings in Angel Oak Mortgage REIT by 161.2% in the 4th quarter. Ameriprise Financial Inc. now owns 82,223 shares of the company's stock valued at $763,000 after buying an additional 50,739 shares in the last quarter. Finally, Northern Trust Corp lifted its position in shares of Angel Oak Mortgage REIT by 19.7% during the 4th quarter. Northern Trust Corp now owns 134,391 shares of the company's stock valued at $1,247,000 after acquiring an additional 22,141 shares during the period. 80.15% of the stock is owned by institutional investors and hedge funds.

Angel Oak Mortgage REIT Price Performance

Shares of AOMR stock traded down $0.18 on Thursday, hitting $9.21. 87,558 shares of the company's stock were exchanged, compared to its average volume of 124,157. The company has a debt-to-equity ratio of 5.29, a current ratio of 5.76 and a quick ratio of 5.76. Angel Oak Mortgage REIT, Inc. has a 12 month low of $7.36 and a 12 month high of $13.32. The stock has a market cap of $216.44 million, a P/E ratio of 3.13 and a beta of 1.44. The company has a 50 day moving average of $9.11 and a 200 day moving average of $9.54.

Angel Oak Mortgage REIT Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Thursday, May 22nd will be given a dividend of $0.32 per share. The ex-dividend date is Thursday, May 22nd. This represents a $1.28 annualized dividend and a dividend yield of 13.90%. Angel Oak Mortgage REIT's dividend payout ratio is currently 85.33%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. Wells Fargo & Company cut their target price on Angel Oak Mortgage REIT from $12.00 to $11.00 and set an "overweight" rating for the company in a research report on Wednesday, March 5th. UBS Group set a $10.00 target price on Angel Oak Mortgage REIT and gave the company a "neutral" rating in a research report on Wednesday, May 14th. B. Riley reiterated a "buy" rating and set a $13.00 target price (up from $12.00) on shares of Angel Oak Mortgage REIT in a research report on Friday, May 16th. Finally, Jones Trading reiterated a "buy" rating and set a $10.50 target price on shares of Angel Oak Mortgage REIT in a research report on Tuesday, May 6th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $11.83.

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.