Jacobs Asset Management LLC Sells 67,348 Shares of Angel Oak Mortgage REIT Inc. $AOMR

Key Points

• Jacobs Asset Management LLC reduced its holdings in Angel Oak Mortgage REIT by 19.7%, selling 67,348 shares, which now makes up 1.6% of its total portfolio.
• The company announced a quarterly dividend of $0.32 per share, representing a 13.3% yield, set to be paid on August 29th.
• Research analysts have generally upgraded Angel Oak Mortgage REIT, with a consensus rating of "Moderate Buy" and an average target price of $11.60.

Jacobs Asset Management LLC lessened its holdings in Angel Oak Mortgage REIT Inc. (NYSE:AOMR - Free Report) by 19.7% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 274,243 shares of the company's stock after selling 67,348 shares during the period. Angel Oak Mortgage REIT accounts for 1.6% of Jacobs Asset Management LLC's holdings, making the stock its 23rd biggest position. Jacobs Asset Management LLC owned about 1.17% of Angel Oak Mortgage REIT worth $2,614,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the business. JPMorgan Chase & Co. raised its stake in Angel Oak Mortgage REIT by 6.4% in the 4th quarter. JPMorgan Chase & Co. now owns 28,931 shares of the company's stock valued at $268,000 after acquiring an additional 1,730 shares during the period. Public Employees Retirement System of Ohio raised its stake in Angel Oak Mortgage REIT by 55.2% in the 4th quarter. Public Employees Retirement System of Ohio now owns 6,465 shares of the company's stock valued at $60,000 after acquiring an additional 2,300 shares during the period. Barclays PLC raised its stake in Angel Oak Mortgage REIT by 19.8% in the 4th quarter. Barclays PLC now owns 18,945 shares of the company's stock valued at $176,000 after acquiring an additional 3,132 shares during the period. Lazard Asset Management LLC raised its stake in Angel Oak Mortgage REIT by 40.8% in the 4th quarter. Lazard Asset Management LLC now owns 14,785 shares of the company's stock valued at $137,000 after acquiring an additional 4,282 shares during the period. Finally, Algert Global LLC raised its stake in Angel Oak Mortgage REIT by 46.1% in the 1st quarter. Algert Global LLC now owns 16,190 shares of the company's stock valued at $154,000 after acquiring an additional 5,106 shares during the period. Institutional investors own 80.15% of the company's stock.

Angel Oak Mortgage REIT Stock Performance

AOMR opened at $9.64 on Tuesday. The firm has a market cap of $229.05 million, a P/E ratio of 6.26 and a beta of 1.38. Angel Oak Mortgage REIT Inc. has a 52-week low of $7.36 and a 52-week high of $11.51. The company has a debt-to-equity ratio of 7.53, a quick ratio of 17.69 and a current ratio of 17.69. The business's fifty day moving average is $9.44 and its 200-day moving average is $9.39.

Angel Oak Mortgage REIT Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 29th. Investors of record on Friday, August 22nd will be given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 13.3%. The ex-dividend date is Friday, August 22nd. Angel Oak Mortgage REIT's dividend payout ratio is currently 83.12%.

Insider Buying and Selling at Angel Oak Mortgage REIT

In related news, major shareholder Davidson Kempner Capital Manag sold 595,000 shares of the company's stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $9.75, for a total transaction of $5,801,250.00. Following the completion of the sale, the insider directly owned 4,134,210 shares in the company, valued at $40,308,547.50. This represents a 12.58% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 2.50% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

AOMR has been the topic of a number of research analyst reports. Zacks Research upgraded Angel Oak Mortgage REIT from a "strong sell" rating to a "hold" rating in a research note on Wednesday, August 13th. B. Riley reaffirmed a "buy" rating and issued a $13.00 price objective (up from $12.00) on shares of Angel Oak Mortgage REIT in a report on Friday, May 16th. UBS Group set a $10.50 price objective on Angel Oak Mortgage REIT and gave the company a "neutral" rating in a report on Thursday, July 10th. Jones Trading reaffirmed a "buy" rating and issued a $10.50 price objective on shares of Angel Oak Mortgage REIT in a report on Tuesday, August 5th. Finally, Wall Street Zen raised Angel Oak Mortgage REIT from a "sell" rating to a "hold" rating in a report on Saturday, August 9th. Four analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, Angel Oak Mortgage REIT presently has a consensus rating of "Moderate Buy" and an average target price of $11.60.

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.

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