Investors Buy Large Volume of Call Options on Adamas Trust (NASDAQ:ADAM)

Adamas Trust, Inc. (NASDAQ:ADAM) was the recipient of unusually large options trading activity on Wednesday. Stock traders bought 24,801 call options on the company. This is an increase of approximately 22,243% compared to the average volume of 111 call options.

Adamas Trust Trading Up 1.2%

ADAM traded up $0.10 on Wednesday, hitting $8.51. 673,409 shares of the stock traded hands, compared to its average volume of 641,260. Adamas Trust has a 52 week low of $5.01 and a 52 week high of $8.76. The firm has a market capitalization of $768.52 million, a price-to-earnings ratio of 44.79 and a beta of 1.11. The company has a quick ratio of 12.43, a current ratio of 12.44 and a debt-to-equity ratio of 12.30.

Hedge Funds Weigh In On Adamas Trust

Several institutional investors and hedge funds have recently modified their holdings of the business. State of Alaska Department of Revenue acquired a new stake in Adamas Trust in the fourth quarter valued at about $307,000. Yousif Capital Management LLC acquired a new stake in Adamas Trust during the 4th quarter worth about $166,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in shares of Adamas Trust in the 4th quarter valued at $127,000. CWM LLC bought a new stake in Adamas Trust in the 4th quarter valued at about $73,000. Finally, Nisa Investment Advisors LLC bought a new stake in Adamas Trust during the 4th quarter valued at $65,000. 54.89% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings began coverage on shares of Adamas Trust in a research note on Wednesday, January 14th. They set a “hold (c-)” rating for the company. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Hold”.

Adamas Trust Company Profile

New York Mortgage Trust, Inc acquires, invests in, finances, and manages mortgage-related single-family and multi-family residential assets in the United States. Its targeted investments include residential loans, second mortgages, and business purpose loans; structured multi-family property investments, such as preferred equity in, and mezzanine loans to owners of multi-family properties, as well as joint venture equity investments in multi-family properties; non-agency residential mortgage-backed securities (RMBS); agency RMBS; commercial mortgage-backed securities (CMBS); and other mortgage, residential housing, and credit-related assets.