Jacobs Levy Equity Management Inc. Reduces Stake in Angel Oak Mortgage REIT Inc. $AOMR

Key Points

• Jacobs Levy Equity Management Inc. has significantly reduced its stake in Angel Oak Mortgage REIT by selling 118,213 shares, lowering its ownership to 56,773 shares, representing a 67.6% decrease.
• Several institutional investors have increased their holdings in the company, with Public Employees Retirement System of Ohio raising its position by 55.2% in the last quarter.
• Angel Oak Mortgage REIT announced a quarterly dividend of $0.32 per share, resulting in an annualized yield of 13.1% for shareholders.

Jacobs Levy Equity Management Inc. trimmed its holdings in shares of Angel Oak Mortgage REIT Inc. (NYSE:AOMR - Free Report) by 67.6% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 56,773 shares of the company's stock after selling 118,213 shares during the period. Jacobs Levy Equity Management Inc. owned approximately 0.24% of Angel Oak Mortgage REIT worth $541,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Public Employees Retirement System of Ohio boosted its stake in Angel Oak Mortgage REIT by 55.2% during the 4th quarter. Public Employees Retirement System of Ohio now owns 6,465 shares of the company's stock valued at $60,000 after purchasing an additional 2,300 shares during the last quarter. Lazard Asset Management LLC boosted its stake in Angel Oak Mortgage REIT by 40.8% during the 4th quarter. Lazard Asset Management LLC now owns 14,785 shares of the company's stock valued at $137,000 after purchasing an additional 4,282 shares during the last quarter. Algert Global LLC boosted its stake in shares of Angel Oak Mortgage REIT by 46.1% in the 1st quarter. Algert Global LLC now owns 16,190 shares of the company's stock worth $154,000 after buying an additional 5,106 shares during the last quarter. Two Sigma Advisers LP boosted its stake in shares of Angel Oak Mortgage REIT by 37.6% in the 4th quarter. Two Sigma Advisers LP now owns 26,700 shares of the company's stock worth $248,000 after buying an additional 7,300 shares during the last quarter. Finally, BNP Paribas Financial Markets purchased a new position in shares of Angel Oak Mortgage REIT in the 4th quarter worth $76,000. 80.15% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, major shareholder Davidson Kempner Capital Manag sold 595,000 shares of Angel Oak Mortgage REIT stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $9.75, for a total value of $5,801,250.00. Following the sale, the insider directly owned 4,134,210 shares of the company's stock, valued at approximately $40,308,547.50. The trade was a 12.58% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 2.50% of the company's stock.

Angel Oak Mortgage REIT Price Performance

Shares of AOMR stock traded down $0.14 during trading hours on Tuesday, hitting $9.69. The stock had a trading volume of 111,254 shares, compared to its average volume of 135,763. Angel Oak Mortgage REIT Inc. has a one year low of $7.36 and a one year high of $10.88. The company has a debt-to-equity ratio of 7.53, a current ratio of 17.69 and a quick ratio of 17.69. The stock's 50-day moving average price is $9.58 and its two-hundred day moving average price is $9.34. The stock has a market capitalization of $230.28 million, a price-to-earnings ratio of 6.29 and a beta of 1.38.

Angel Oak Mortgage REIT Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Friday, August 22nd were issued a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 13.2%. The ex-dividend date of this dividend was Friday, August 22nd. Angel Oak Mortgage REIT's payout ratio is 83.12%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. UBS Group set a $10.50 price target on Angel Oak Mortgage REIT and gave the stock a "neutral" rating in a research note on Thursday, July 10th. Zacks Research raised Angel Oak Mortgage REIT from a "strong sell" rating to a "hold" rating in a report on Wednesday, August 13th. Wall Street Zen raised Angel Oak Mortgage REIT from a "sell" rating to a "hold" rating in a report on Saturday, August 9th. Finally, Jones Trading reaffirmed a "buy" rating and issued a $10.50 target price on shares of Angel Oak Mortgage REIT in a report on Tuesday, August 5th. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, Angel Oak Mortgage REIT has an average 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.