Angel Oak Mortgage REIT Inc. $AOMR Shares Purchased by North Ground Capital

North Ground Capital raised its stake in shares of Angel Oak Mortgage REIT Inc. (NYSE:AOMR) by 94.4% during the third quarter, HoldingsChannel reports. The fund owned 388,836 shares of the company’s stock after acquiring an additional 188,836 shares during the quarter. Angel Oak Mortgage REIT comprises approximately 2.3% of North Ground Capital’s holdings, making the stock its 18th largest position. North Ground Capital’s holdings in Angel Oak Mortgage REIT were worth $3,643,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of AOMR. Geode Capital Management LLC grew its stake in Angel Oak Mortgage REIT by 1.7% in the second quarter. Geode Capital Management LLC now owns 321,084 shares of the company’s stock worth $3,025,000 after purchasing an additional 5,312 shares in the last quarter. Wolverine Asset Management LLC grew its position in shares of Angel Oak Mortgage REIT by 160.3% in the 2nd quarter. Wolverine Asset Management LLC now owns 224,226 shares of the company’s stock worth $2,112,000 after acquiring an additional 138,090 shares in the last quarter. Marshall Wace LLP increased its holdings in shares of Angel Oak Mortgage REIT by 9.8% in the 2nd quarter. Marshall Wace LLP now owns 196,082 shares of the company’s stock valued at $1,847,000 after acquiring an additional 17,579 shares during the last quarter. Goldman Sachs Group Inc. raised its position in shares of Angel Oak Mortgage REIT by 83.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 159,374 shares of the company’s stock valued at $1,519,000 after acquiring an additional 72,555 shares in the last quarter. Finally, Vivaldi Capital Management LP raised its position in shares of Angel Oak Mortgage REIT by 5.7% during the 2nd quarter. Vivaldi Capital Management LP now owns 116,379 shares of the company’s stock valued at $1,096,000 after acquiring an additional 6,274 shares in the last quarter. Institutional investors own 80.15% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on AOMR. Zacks Research raised shares of Angel Oak Mortgage REIT from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 4th. Wall Street Zen lowered shares of Angel Oak Mortgage REIT from a “hold” rating to a “sell” rating in a report on Saturday, November 15th. UBS Group dropped their price objective on shares of Angel Oak Mortgage REIT from $10.00 to $9.75 and set a “neutral” rating on the stock in a research note on Tuesday, November 18th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Angel Oak Mortgage REIT in a report on Monday, December 29th. Three equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $11.06.

Angel Oak Mortgage REIT Stock Up 1.0%

AOMR stock opened at $9.24 on Monday. The stock has a market cap of $230.14 million, a PE ratio of 13.01 and a beta of 1.36. The firm’s 50-day simple moving average is $8.74 and its 200 day simple moving average is $9.22. Angel Oak Mortgage REIT Inc. has a fifty-two week low of $7.36 and a fifty-two week high of $10.88. The company has a quick ratio of 6.83, a current ratio of 6.83 and a debt-to-equity ratio of 6.87.

Angel Oak Mortgage REIT (NYSE:AOMR) last posted its earnings results on Thursday, November 6th. The company reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.26). Angel Oak Mortgage REIT had a net margin of 12.93% and a return on equity of 6.42%. The firm had revenue of $28.02 million for the quarter, compared to analyst estimates of $10.68 million. As a group, sell-side analysts predict that Angel Oak Mortgage REIT Inc. will post 0.03 EPS for the current year.

Angel Oak Mortgage REIT Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 26th. Investors of record on Tuesday, November 18th were given a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 13.9%. The ex-dividend date was Tuesday, November 18th. Angel Oak Mortgage REIT’s dividend payout ratio (DPR) is currently 180.28%.

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.