Angel Oak Mortgage REIT Inc. $AOMR Shares Sold by Jacobs Levy Equity Management Inc.

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. reduced its stake in shares of Angel Oak Mortgage REIT Inc. (NYSE:AOMR - Free Report) by 67.6% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm 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 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Public Employees Retirement System of Ohio boosted its position in shares of Angel Oak Mortgage REIT by 55.2% in the fourth 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. Lazard Asset Management LLC grew its position in shares of 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 worth $137,000 after buying an additional 4,282 shares during the period. Algert Global LLC boosted its stake in Angel Oak Mortgage REIT by 46.1% during the first quarter. Algert Global LLC now owns 16,190 shares of the company's stock worth $154,000 after acquiring an additional 5,106 shares in the last quarter. Two Sigma Advisers LP lifted its holdings 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 purchasing an additional 7,300 shares in the last quarter. Finally, BNP Paribas Financial Markets bought a new position in Angel Oak Mortgage REIT during the 4th quarter valued at $76,000. 80.15% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, major shareholder Davidson Kempner Capital Manag sold 595,000 shares of the firm's stock in a transaction that occurred on 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 completion of the transaction, the insider directly 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 position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 2.90% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on AOMR shares. Wall Street Zen raised Angel Oak Mortgage REIT from a "sell" rating to a "hold" rating in a report on Saturday, August 9th. 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. Finally, Jones Trading restated a "buy" rating and issued a $10.50 price target on shares of Angel Oak Mortgage REIT in a research report on Tuesday, August 5th. Four equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, Angel Oak Mortgage REIT presently has an average rating of "Moderate Buy" and a consensus target price of $11.60.

Angel Oak Mortgage REIT Price Performance

Shares of NYSE:AOMR remained flat at $9.73 during midday trading on Thursday. The company had a trading volume of 102,516 shares, compared to its average volume of 192,489. The firm's fifty day moving average is $9.58 and its 200-day moving average is $9.34. 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 $231.18 million, a PE ratio of 6.32 and a beta of 1.38. Angel Oak Mortgage REIT Inc. has a 12-month low of $7.36 and a 12-month high of $10.88.

Angel Oak Mortgage REIT Dividend Announcement

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

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.