Ritholtz Wealth Management Purchases 57,283 Shares of Angel Oak Mortgage REIT Inc. (NYSE:AOMR)

Ritholtz Wealth Management lifted its holdings in Angel Oak Mortgage REIT Inc. (NYSE:AOMR - Free Report) by 162.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 92,561 shares of the company's stock after buying an additional 57,283 shares during the period. Ritholtz Wealth Management owned about 0.39% of Angel Oak Mortgage REIT worth $882,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Jacobs Asset Management LLC boosted its position in Angel Oak Mortgage REIT by 265.5% during the fourth quarter. Jacobs Asset Management LLC now owns 341,591 shares of the company's stock valued at $3,170,000 after purchasing an additional 248,131 shares during the last quarter. Geode Capital Management LLC boosted its position in Angel Oak Mortgage REIT by 2.7% during the fourth quarter. Geode Capital Management LLC now owns 312,457 shares of the company's stock valued at $2,901,000 after purchasing an additional 8,316 shares during the last quarter. Wells Fargo & Company MN boosted its position in Angel Oak Mortgage REIT by 62.3% during the fourth quarter. Wells Fargo & Company MN now owns 184,965 shares of the company's stock valued at $1,716,000 after purchasing an additional 70,990 shares during the last quarter. Bank of New York Mellon Corp boosted its position in Angel Oak Mortgage REIT by 100.2% during the fourth quarter. Bank of New York Mellon Corp now owns 181,539 shares of the company's stock valued at $1,685,000 after purchasing an additional 90,844 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. boosted its position in Angel Oak Mortgage REIT by 20.4% during the fourth quarter. Jacobs Levy Equity Management Inc. now owns 174,986 shares of the company's stock valued at $1,624,000 after purchasing an additional 29,695 shares during the last quarter. Institutional investors and hedge funds own 80.15% of the company's stock.

Angel Oak Mortgage REIT Stock Performance

Shares of Angel Oak Mortgage REIT stock traded down $0.03 during trading on Friday, reaching $9.04. The company's stock had a trading volume of 148,502 shares, compared to its average volume of 131,708. The company has a debt-to-equity ratio of 6.38, a quick ratio of 5.96 and a current ratio of 5.96. The business's fifty day moving average price is $9.18 and its 200-day moving average price is $9.46. The firm has a market cap of $212.44 million, a price-to-earnings ratio of 6.03 and a beta of 1.39. Angel Oak Mortgage REIT Inc. has a one year low of $7.36 and a one year high of $13.32.

Angel Oak Mortgage REIT Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 30th. Stockholders of record on Thursday, May 22nd were paid a $0.32 dividend. The ex-dividend date of this dividend was Thursday, May 22nd. This represents a $1.28 dividend on an annualized basis and a dividend yield of 14.16%. Angel Oak Mortgage REIT's payout ratio is presently 85.33%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on AOMR. B. Riley reissued a "buy" rating and set a $13.00 price objective (up previously from $12.00) on shares of Angel Oak Mortgage REIT in a research report on Friday, May 16th. Jones Trading reaffirmed a "buy" rating and issued a $10.50 price target on shares of Angel Oak Mortgage REIT in a research report on Tuesday, May 6th. UBS Group set a $10.00 price target on Angel Oak Mortgage REIT and gave the company a "neutral" rating in a report on Wednesday, May 14th. Finally, Wells Fargo & Company lowered their price target on Angel Oak Mortgage REIT from $12.00 to $11.00 and set an "overweight" rating on the stock in a report on Wednesday, March 5th. One analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $11.83.

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.