Renaissance Technologies LLC Sells 88,900 Shares of Angel Oak Mortgage REIT, Inc. (NYSE:AOMR)

Renaissance Technologies LLC lowered its stake in Angel Oak Mortgage REIT, Inc. (NYSE:AOMR - Free Report) by 65.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 47,600 shares of the company's stock after selling 88,900 shares during the period. Renaissance Technologies LLC owned 0.20% of Angel Oak Mortgage REIT worth $442,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Jane Street Group LLC lifted its holdings in Angel Oak Mortgage REIT by 256.2% in the third quarter. Jane Street Group LLC now owns 46,293 shares of the company's stock valued at $483,000 after buying an additional 33,297 shares during the period. Barclays PLC raised its position in shares of Angel Oak Mortgage REIT by 294.4% during the 3rd quarter. Barclays PLC now owns 15,813 shares of the company's stock valued at $165,000 after acquiring an additional 11,804 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Angel Oak Mortgage REIT by 285.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 27,201 shares of the company's stock valued at $284,000 after purchasing an additional 20,142 shares during the period. Wolverine Asset Management LLC boosted its position in shares of Angel Oak Mortgage REIT by 8.3% in the 4th quarter. Wolverine Asset Management LLC now owns 63,914 shares of the company's stock worth $593,000 after purchasing an additional 4,895 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its stake in shares of Angel Oak Mortgage REIT by 100.2% during the fourth quarter. Bank of New York Mellon Corp now owns 181,539 shares of the company's stock worth $1,685,000 after purchasing an additional 90,844 shares during the period. 80.15% of the stock is currently owned by institutional investors.

Angel Oak Mortgage REIT Stock Up 0.6 %

Angel Oak Mortgage REIT stock opened at $9.55 on Monday. The company has a 50 day moving average of $9.04 and a 200-day moving average of $9.48. The company has a quick ratio of 5.76, a current ratio of 5.76 and a debt-to-equity ratio of 5.29. Angel Oak Mortgage REIT, Inc. has a twelve month low of $7.36 and a twelve month high of $13.32. The stock has a market capitalization of $224.43 million, a PE ratio of 3.25 and a beta of 1.44.

Angel Oak Mortgage REIT Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 21st were paid a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 13.40%. The ex-dividend date of this dividend was Friday, February 21st. Angel Oak Mortgage REIT's dividend payout ratio is 112.28%.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Wells Fargo & Company cut their target price on Angel Oak Mortgage REIT from $12.00 to $11.00 and set an "overweight" rating on the stock in a research note on Wednesday, March 5th. B. Riley raised shares of Angel Oak Mortgage REIT from a "neutral" rating to a "buy" rating and set a $12.00 price objective on the stock in a research note on Monday, April 21st. Finally, Jones Trading cut their target price on shares of Angel Oak Mortgage REIT from $12.50 to $10.50 and set a "buy" rating on the stock in a report on Thursday, April 17th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $11.75.

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.

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