Angel Oak Mortgage REIT (NYSE:AOMR) Major Shareholder Davidson Kempner Capital Manag Sells 595,000 Shares

Key Points

• Davidson Kempner Capital Management, a major shareholder, sold 595,000 shares of Angel Oak Mortgage REIT, representing a 12.58% decrease in their ownership, with the total transaction valued at $5,801,250.
• Angel Oak Mortgage REIT's stock recently declined by 1.3%, trading at $9.64, with a 12-month trading range between $7.36 and $11.51.
• The company will pay a quarterly dividend of $0.32 per share, reflecting a noteworthy dividend yield of 13.3% for stockholders of record.

Angel Oak Mortgage REIT Inc. (NYSE:AOMR - Get Free Report) 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 shares were 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 of the company's stock, valued at approximately $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 the SEC website. Large shareholders that own at least 10% of a company's shares are required to disclose their transactions with the SEC.

Angel Oak Mortgage REIT Trading Up 0.4%

AOMR traded up $0.04 during trading on Thursday, reaching $9.68. 53,670 shares of the company's stock were exchanged, compared to its average volume of 133,455. The company's fifty day moving average price is $9.46 and its 200-day moving average price is $9.39. The company has a debt-to-equity ratio of 7.53, a quick ratio of 17.69 and a current ratio of 17.69. Angel Oak Mortgage REIT Inc. has a fifty-two week low of $7.36 and a fifty-two week high of $11.51. The firm has a market capitalization of $229.88 million, a PE ratio of 6.28 and a beta of 1.38.

Angel Oak Mortgage REIT Dividend Announcement

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

Hedge Funds Weigh In On Angel Oak Mortgage REIT

Several institutional investors and hedge funds have recently added to or reduced their stakes in AOMR. BNP Paribas Financial Markets increased its position in shares of Angel Oak Mortgage REIT by 343.0% during the second quarter. BNP Paribas Financial Markets now owns 3,929 shares of the company's stock worth $37,000 after buying an additional 3,042 shares during the period. Bank of America Corp DE increased its position in shares of Angel Oak Mortgage REIT by 253.0% during the second quarter. Bank of America Corp DE now owns 24,516 shares of the company's stock worth $231,000 after buying an additional 17,571 shares during the period. Vivaldi Capital Management LP increased its position in shares of Angel Oak Mortgage REIT by 5.7% during the second quarter. Vivaldi Capital Management LP now owns 116,379 shares of the company's stock worth $1,096,000 after buying an additional 6,274 shares during the period. Marshall Wace LLP increased its position in shares of Angel Oak Mortgage REIT by 9.8% during the second quarter. Marshall Wace LLP now owns 196,082 shares of the company's stock worth $1,847,000 after buying an additional 17,579 shares during the period. Finally, Invesco Ltd. increased its position in shares of Angel Oak Mortgage REIT by 32.6% during the second quarter. Invesco Ltd. now owns 23,225 shares of the company's stock worth $219,000 after buying an additional 5,711 shares during the period. Institutional investors own 80.15% of the company's stock.

Analyst Ratings Changes

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

About Angel Oak Mortgage REIT

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.