Jacobs Asset Management LLC Has $2.48 Million Position in Angel Oak Mortgage REIT Inc. $AOMR

Jacobs Asset Management LLC boosted its stake in shares of Angel Oak Mortgage REIT Inc. (NYSE:AOMR) by 43.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 287,500 shares of the company’s stock after acquiring an additional 87,500 shares during the quarter. Angel Oak Mortgage REIT accounts for 1.4% of Jacobs Asset Management LLC’s portfolio, making the stock its 25th largest position. Jacobs Asset Management LLC owned about 1.15% of Angel Oak Mortgage REIT worth $2,475,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently bought and sold shares of the company. Strs Ohio acquired a new position in Angel Oak Mortgage REIT during the first quarter worth $25,000. BNP Paribas Financial Markets increased its stake in shares of Angel Oak Mortgage REIT by 343.0% in the second quarter. BNP Paribas Financial Markets now owns 3,929 shares of the company’s stock valued at $37,000 after buying an additional 3,042 shares in the last quarter. Marshall Wace LLP acquired a new stake in shares of Angel Oak Mortgage REIT in the fourth quarter valued at $87,000. Public Employees Retirement System of Ohio acquired a new stake in shares of Angel Oak Mortgage REIT in the third quarter valued at $88,000. Finally, Russell Investments Group Ltd. increased its stake in shares of Angel Oak Mortgage REIT by 249.2% in the second quarter. Russell Investments Group Ltd. now owns 14,005 shares of the company’s stock valued at $132,000 after buying an additional 9,994 shares in the last quarter. 80.15% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently weighed in on AOMR. JonesTrading restated a “buy” rating and issued a $10.50 target price on shares of Angel Oak Mortgage REIT in a research note on Thursday, February 26th. Weiss Ratings lowered Angel Oak Mortgage REIT from a “hold (c)” rating to a “sell (d+)” rating in a research note on Friday, May 15th. One analyst has rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $10.13.

Angel Oak Mortgage REIT Stock Performance

Shares of NYSE:AOMR opened at $8.45 on Friday. Angel Oak Mortgage REIT Inc. has a twelve month low of $7.95 and a twelve month high of $10.14. The firm has a market cap of $210.45 million, a PE ratio of 13.20 and a beta of 1.28. The company has a debt-to-equity ratio of 8.44, a quick ratio of 13.09 and a current ratio of 13.09. The business has a fifty day moving average of $8.56 and a 200-day moving average of $8.66.

Angel Oak Mortgage REIT (NYSE:AOMR) last posted its quarterly earnings results on Tuesday, May 5th. The company reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by ($0.12). The firm had revenue of ($2.20) million during the quarter, compared to the consensus estimate of $11.14 million. Angel Oak Mortgage REIT had a net margin of 10.64% and a return on equity of 5.25%. On average, equities research analysts predict that Angel Oak Mortgage REIT Inc. will post 1.17 EPS for the current fiscal year.

Angel Oak Mortgage REIT Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Friday, May 22nd were issued a $0.32 dividend. The ex-dividend date was Friday, May 22nd. This represents a $1.28 annualized dividend and a yield of 15.2%. Angel Oak Mortgage REIT’s dividend payout ratio (DPR) is currently 200.00%.

About Angel Oak Mortgage REIT

Angel Oak Mortgage REIT, Inc (NYSE: AOMR) is a real estate investment trust that specializes in a diversified portfolio of residential mortgage assets. The company primarily invests in non-agency residential mortgage-backed securities (RMBS), residential whole loans and credit risk transfer securities issued by government-sponsored enterprises. By focusing on these structured credit instruments, Angel Oak Mortgage REIT seeks to generate attractive risk-adjusted returns through a combination of net interest income and potential capital appreciation.

The firm employs leverage through repurchase financing facilities and actively manages duration and credit exposure to adapt to changing market conditions.