Alpine Global Management LLC Takes Position in Angel Oak Mortgage REIT, Inc. (NYSE:AOMR)

Alpine Global Management LLC purchased a new stake in Angel Oak Mortgage REIT, Inc. (NYSE:AOMR - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 102,971 shares of the company's stock, valued at approximately $956,000. Alpine Global Management LLC owned 0.44% of Angel Oak Mortgage REIT as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also made changes to their positions in AOMR. Wells Fargo & Company MN raised its stake in Angel Oak Mortgage REIT by 62.3% in the fourth quarter. Wells Fargo & Company MN now owns 184,965 shares of the company's stock valued at $1,716,000 after buying an additional 70,990 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Angel Oak Mortgage REIT by 9.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 40,398 shares of the company's stock valued at $375,000 after purchasing an additional 3,577 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in Angel Oak Mortgage REIT by 285.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 27,201 shares of the company's stock worth $284,000 after purchasing an additional 20,142 shares in the last quarter. Bank of New York Mellon Corp grew its position in Angel Oak Mortgage REIT by 100.2% during the 4th quarter. Bank of New York Mellon Corp now owns 181,539 shares of the company's stock worth $1,685,000 after purchasing an additional 90,844 shares during the last quarter. Finally, Marshall Wace LLP increased its stake in Angel Oak Mortgage REIT by 55.3% during the 4th quarter. Marshall Wace LLP now owns 168,952 shares of the company's stock valued at $1,568,000 after purchasing an additional 60,135 shares in the last quarter. Institutional investors own 80.15% of the company's stock.

Angel Oak Mortgage REIT Price Performance

Shares of Angel Oak Mortgage REIT stock traded down $0.08 on Wednesday, hitting $9.11. 26,042 shares of the company were exchanged, compared to its average volume of 125,798. Angel Oak Mortgage REIT, Inc. has a 1-year low of $7.36 and a 1-year high of $13.32. The company has a quick ratio of 5.76, a current ratio of 5.76 and a debt-to-equity ratio of 5.29. The stock has a market capitalization of $214.09 million, a price-to-earnings ratio of 3.10 and a beta of 1.44. The company has a 50-day moving average price of $9.06 and a 200 day moving average price of $9.53.

Angel Oak Mortgage REIT Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Thursday, May 22nd will be paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 14.05%. The ex-dividend date is Thursday, May 22nd. Angel Oak Mortgage REIT's dividend payout ratio (DPR) is presently 85.33%.

Analyst Ratings Changes

AOMR has been the subject of a number of research reports. B. Riley restated 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. UBS Group set a $10.00 target price on shares of Angel Oak Mortgage REIT and gave the company a "neutral" rating in a report on Wednesday, May 14th. Jones Trading reaffirmed a "buy" rating and issued a $10.50 price target on shares of Angel Oak Mortgage REIT in a report on Tuesday, May 6th. Finally, Wells Fargo & Company cut their price target on shares of Angel Oak Mortgage REIT from $12.00 to $11.00 and set an "overweight" rating for the company in a report on Wednesday, March 5th. One equities 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 presently 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.