Riverbridge Partners LLC Purchases 99,811 Shares of Angel Oak Mortgage REIT Inc. $AOMR

Riverbridge Partners LLC boosted its position in shares of Angel Oak Mortgage REIT Inc. (NYSE:AOMR) by 120.3% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 182,770 shares of the company’s stock after buying an additional 99,811 shares during the period. Riverbridge Partners LLC’s holdings in Angel Oak Mortgage REIT were worth $1,574,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of AOMR. Victory Capital Management Inc. raised its position in shares of Angel Oak Mortgage REIT by 256.5% in the 3rd quarter. Victory Capital Management Inc. now owns 1,508,687 shares of the company’s stock valued at $14,136,000 after buying an additional 1,085,507 shares in the last quarter. Alpine Global Management LLC bought a new stake in shares of Angel Oak Mortgage REIT during the 3rd quarter worth approximately $1,940,000. North Ground Capital boosted its position in shares of Angel Oak Mortgage REIT by 94.4% during the 3rd quarter. North Ground Capital now owns 388,836 shares of the company’s stock worth $3,643,000 after acquiring an additional 188,836 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of Angel Oak Mortgage REIT by 427.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 145,565 shares of the company’s stock worth $1,364,000 after acquiring an additional 117,956 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. increased its stake in Angel Oak Mortgage REIT by 584.4% in the third quarter. Jacobs Levy Equity Management Inc. now owns 103,757 shares of the company’s stock valued at $972,000 after acquiring an additional 88,596 shares during the last quarter. 80.15% of the stock is owned by institutional investors.

Angel Oak Mortgage REIT Trading Down 3.5%

Shares of AOMR stock opened at $7.98 on Friday. The firm has a market capitalization of $198.96 million, a P/E ratio of 4.41 and a beta of 1.36. Angel Oak Mortgage REIT Inc. has a twelve month low of $7.36 and a twelve month high of $10.34. The company has a quick ratio of 10.95, a current ratio of 10.95 and a debt-to-equity ratio of 7.49. The stock’s fifty day simple moving average is $8.71 and its 200 day simple moving average is $8.93.

Angel Oak Mortgage REIT (NYSE:AOMR) last posted its earnings results on Wednesday, February 25th. The company reported $0.29 EPS for the quarter, beating the consensus estimate of $0.28 by $0.01. Angel Oak Mortgage REIT had a return on equity of 5.15% and a net margin of 30.65%.The firm had revenue of $16.70 million during the quarter, compared to the consensus estimate of $11.33 million. As a group, sell-side analysts predict that Angel Oak Mortgage REIT Inc. will post 0.03 EPS for the current fiscal year.

Angel Oak Mortgage REIT Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 27th. Stockholders of record on Friday, February 20th were paid a $0.32 dividend. The ex-dividend date of this dividend was Friday, February 20th. This represents a $1.28 annualized dividend and a dividend yield of 16.0%. Angel Oak Mortgage REIT’s dividend payout ratio is currently 70.72%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on AOMR shares. Weiss Ratings restated a “hold (c-)” rating on shares of Angel Oak Mortgage REIT in a research report on Monday, December 29th. JonesTrading reaffirmed a “buy” rating and issued a $10.50 target price on shares of Angel Oak Mortgage REIT in a report on Thursday, February 26th. Two research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $11.08.

Angel Oak Mortgage REIT Profile

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.