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

Jacobs Asset Management LLC increased its position in Angel Oak Mortgage REIT, Inc. (NYSE:AOMR - Free Report) by 265.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & 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 makes up 1.9% of Jacobs Asset Management LLC's portfolio, making the stock its 20th biggest position. Jacobs Asset Management LLC owned 1.45% of Angel Oak Mortgage REIT worth $3,170,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Barclays PLC boosted its holdings in Angel Oak Mortgage REIT by 294.4% during the third quarter. Barclays PLC now owns 15,813 shares of the company's stock worth $165,000 after buying an additional 11,804 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in Angel Oak Mortgage REIT by 285.3% during the third quarter. JPMorgan Chase & Co. now owns 27,201 shares of the company's stock worth $284,000 after buying an additional 20,142 shares during the last quarter. Wolverine Asset Management LLC boosted its holdings in Angel Oak Mortgage REIT by 8.3% during the fourth quarter. Wolverine Asset Management LLC now owns 63,914 shares of the company's stock worth $593,000 after buying an additional 4,895 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Angel Oak Mortgage REIT by 100.2% during the 4th quarter. Bank of New York Mellon Corp now owns 181,539 shares of the company's stock valued at $1,685,000 after purchasing an additional 90,844 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Angel Oak Mortgage REIT by 9.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 40,398 shares of the company's stock valued at $375,000 after purchasing an additional 3,577 shares in the last quarter. 80.15% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently weighed in on AOMR shares. Wells Fargo & Company cut their price objective on Angel Oak Mortgage REIT from $12.00 to $11.00 and set an "overweight" rating on the stock in a report on Wednesday, March 5th. Jones Trading reiterated a "buy" rating and set a $10.50 price objective on shares of Angel Oak Mortgage REIT in a report on Tuesday, May 6th. Finally, B. Riley upgraded Angel Oak Mortgage REIT from a "neutral" rating to a "buy" rating and set a $12.00 target price on the stock in a research note on Monday, April 21st. One research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $11.75.

Angel Oak Mortgage REIT Stock Down 0.2%

NYSE AOMR traded down $0.02 during trading on Wednesday, hitting $10.15. The stock had a trading volume of 125,690 shares, compared to its average volume of 120,887. The company has a market capitalization of $238.53 million, a PE ratio of 3.45 and a beta of 1.44. The company's 50-day moving average price is $9.07 and its two-hundred day moving average price is $9.51. The company has a debt-to-equity ratio of 5.29, a quick ratio of 5.76 and a current ratio of 5.76. Angel Oak Mortgage REIT, Inc. has a 12 month low of $7.36 and a 12 month high of $13.32.

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 12.61%. The ex-dividend date is Thursday, May 22nd. Angel Oak Mortgage REIT's payout ratio is 85.33%.

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.