Angel Oak Mortgage REIT's (AOMR) Hold (C-) Rating Reiterated at Weiss Ratings

Key Points

• Angel Oak Mortgage REIT's stock is holding a "hold (C-)" rating as reiterated by Weiss Ratings, while other analysts have varied opinions including a buy rating with a $10.50 target from Jones Trading.
• Insider trading activity includes CFO Brandon Filson selling 50,000 shares and major shareholder Davidson Kempner Capital Management selling 595,000 shares, indicating significant movements in ownership percentages.
• Institutional investors control 80.15% of Angel Oak Mortgage REIT's shares, with notable increases in holdings by firms like Goldman Sachs and Wolverine Asset Management.

Angel Oak Mortgage REIT (NYSE:AOMR - Get Free Report)'s stock had its "hold (c-)" rating restated by investment analysts at Weiss Ratings in a report released on Wednesday,Weiss Ratings reports.

Other equities research analysts have also issued research reports about the stock. Jones Trading reaffirmed a "buy" rating and set a $10.50 target price on shares of Angel Oak Mortgage REIT in a research note on Tuesday, August 5th. Zacks Research cut Angel Oak Mortgage REIT from a "hold" rating to a "strong sell" rating in a research note on Monday. UBS Group set a $10.50 price objective on Angel Oak Mortgage REIT and gave the stock a "neutral" rating in a report on Thursday, July 10th. Finally, Wall Street Zen upgraded shares of Angel Oak Mortgage REIT from a "sell" rating to a "hold" rating in a research note on Saturday, August 9th. Four equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $11.60.

Angel Oak Mortgage REIT Trading Up 0.6%

Shares of AOMR stock traded up $0.06 during trading hours on Wednesday, reaching $9.38. The company's stock had a trading volume of 51,925 shares, compared to its average volume of 133,592. The company has a current ratio of 17.69, a quick ratio of 17.69 and a debt-to-equity ratio of 7.53. The stock has a market capitalization of $222.87 million, a P/E ratio of 6.09 and a beta of 1.36. The firm's fifty day simple moving average is $9.57 and its 200 day simple moving average is $9.32. Angel Oak Mortgage REIT has a one year low of $7.36 and a one year high of $10.88.

Insider Buying and Selling at Angel Oak Mortgage REIT

In related news, CFO Brandon Filson sold 50,000 shares of the firm's stock in a transaction that occurred on Wednesday, September 17th. The shares were sold at an average price of $9.78, for a total value of $489,000.00. Following the transaction, the chief financial officer owned 70,488 shares of the company's stock, valued at approximately $689,372.64. This trade represents a 41.50% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, major shareholder Davidson Kempner Capital Manag sold 595,000 shares of the business's stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $9.75, for a total transaction of $5,801,250.00. Following the sale, the insider owned 4,134,210 shares of the company's stock, valued at $40,308,547.50. This trade represents a 12.58% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 2.50% of the company's stock.

Institutional Investors Weigh In On Angel Oak Mortgage REIT

A number of hedge funds have recently modified their holdings of the business. Wolverine Asset Management LLC raised its holdings in Angel Oak Mortgage REIT by 160.3% in the 2nd quarter. Wolverine Asset Management LLC now owns 224,226 shares of the company's stock worth $2,112,000 after purchasing an additional 138,090 shares during the period. Riverbridge Partners LLC bought a new position in shares of Angel Oak Mortgage REIT during the 2nd quarter valued at approximately $765,000. Goldman Sachs Group Inc. increased its holdings in Angel Oak Mortgage REIT by 83.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 159,374 shares of the company's stock worth $1,519,000 after acquiring an additional 72,555 shares in the last quarter. Ritholtz Wealth Management raised its stake in Angel Oak Mortgage REIT by 162.4% during the 1st quarter. Ritholtz Wealth Management now owns 92,561 shares of the company's stock worth $882,000 after acquiring an additional 57,283 shares during the period. Finally, Bank of New York Mellon Corp raised its stake in Angel Oak Mortgage REIT by 29.4% during the 1st quarter. Bank of New York Mellon Corp now owns 235,002 shares of the company's stock worth $2,240,000 after acquiring an additional 53,463 shares during the period. Institutional investors own 80.15% of the company's stock.

About Angel Oak Mortgage REIT

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.

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