Jacobs Asset Management LLC Buys 248,131 Shares of Angel Oak Mortgage REIT, Inc. (NYSE:AOMR)

Jacobs Asset Management LLC boosted its holdings in Angel Oak Mortgage REIT, Inc. (NYSE:AOMR - Free Report) by 265.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 341,591 shares of the company's stock after purchasing an additional 248,131 shares during the quarter. Angel Oak Mortgage REIT comprises approximately 1.9% of Jacobs Asset Management LLC's investment portfolio, making the stock its 20th largest holding. Jacobs Asset Management LLC owned about 1.45% of Angel Oak Mortgage REIT worth $3,170,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Jacobs Levy Equity Management Inc. increased its stake in Angel Oak Mortgage REIT by 20.4% in the 4th quarter. Jacobs Levy Equity Management Inc. now owns 174,986 shares of the company's stock valued at $1,624,000 after buying an additional 29,695 shares during the last quarter. D. E. Shaw & Co. Inc. grew its stake in shares of Angel Oak Mortgage REIT by 35.6% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 59,630 shares of the company's stock worth $553,000 after acquiring an additional 15,661 shares during the period. CF Capital LLC bought a new position in shares of Angel Oak Mortgage REIT during the 4th quarter worth $1,095,000. BNP Paribas Financial Markets bought a new stake in Angel Oak Mortgage REIT in the 4th quarter valued at about $76,000. Finally, Ameriprise Financial Inc. lifted its holdings in Angel Oak Mortgage REIT by 161.2% during the fourth quarter. Ameriprise Financial Inc. now owns 82,223 shares of the company's stock valued at $763,000 after purchasing an additional 50,739 shares during the last quarter. 80.15% of the stock is owned by institutional investors.

Angel Oak Mortgage REIT Price Performance

Shares of Angel Oak Mortgage REIT stock traded down $0.04 on Friday, reaching $10.06. The stock had a trading volume of 164,879 shares, compared to its average volume of 121,228. The business's 50 day moving average is $9.08 and its two-hundred day moving average is $9.51. The company has a current ratio of 5.76, a quick ratio of 5.76 and a debt-to-equity ratio of 5.29. Angel Oak Mortgage REIT, Inc. has a 1 year low of $7.36 and a 1 year high of $13.32. The company has a market cap of $236.36 million, a P/E ratio of 3.42 and a beta of 1.44.

Angel Oak Mortgage REIT Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Thursday, May 22nd will be paid a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 12.73%. The ex-dividend date is Thursday, May 22nd. Angel Oak Mortgage REIT's dividend payout ratio is presently 85.33%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on AOMR shares. B. Riley reiterated a "buy" rating and issued a $13.00 target price (up previously from $12.00) on shares of Angel Oak Mortgage REIT in a research note on Friday. Wells Fargo & Company reduced their price objective on shares of Angel Oak Mortgage REIT from $12.00 to $11.00 and set an "overweight" rating for the company in a research note on Wednesday, March 5th. Finally, Jones Trading reissued a "buy" rating and set a $10.50 target price on shares of Angel Oak Mortgage REIT in a report on Tuesday, May 6th. Five analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has a consensus rating of "Buy" and an average target price of $12.20.

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.