Five Oaks Investment Corp. (NYSE:OAKS) CEO David C. Carroll bought 10,000 shares of the business’s stock in a transaction that occurred on Friday, June 16th. The shares were acquired at an average price of $4.67 per share, for a total transaction of $46,700.00. Following the completion of the transaction, the chief executive officer now owns 65,384 shares in the company, valued at $305,343.28. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Five Oaks Investment Corp. (NYSE OAKS) remained flat at $4.88 during trading on Friday. The company’s stock had a trading volume of 202,109 shares. The stock has a market capitalization of $85.59 million, a PE ratio of 9.61 and a beta of 1.29. The company’s 50 day moving average price is $5.21 and its 200 day moving average price is $5.20. Five Oaks Investment Corp. has a 12 month low of $4.52 and a 12 month high of $6.19.
Five Oaks Investment Corp. (NYSE:OAKS) last released its quarterly earnings data on Wednesday, May 10th. The real estate investment trust reported $0.15 EPS for the quarter, missing the consensus estimate of $0.20 by $0.05. Five Oaks Investment Corp. had a return on equity of 11.34% and a net margin of 11.47%. The business had revenue of $5.78 million during the quarter. On average, equities analysts anticipate that Five Oaks Investment Corp. will post $0.73 EPS for the current year.
The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, August 30th. Investors of record on Tuesday, August 15th will be issued a $0.05 dividend. The ex-dividend date is Friday, August 11th. This represents a $0.60 annualized dividend and a yield of 12.30%. Five Oaks Investment Corp.’s payout ratio is 120.00%.
Separately, JMP Securities lowered shares of Five Oaks Investment Corp. from a “mkt outperform” rating to a “market perform” rating in a research note on Thursday, March 30th.
A number of large investors have recently added to or reduced their stakes in OAKS. XL Group Investments Ltd acquired a new stake in Five Oaks Investment Corp. during the fourth quarter valued at approximately $20,135,000. FMR LLC increased its stake in Five Oaks Investment Corp. by 15.3% in the first quarter. FMR LLC now owns 574,053 shares of the real estate investment trust’s stock valued at $2,945,000 after buying an additional 76,353 shares during the last quarter. Renaissance Technologies LLC increased its stake in Five Oaks Investment Corp. by 15.5% in the first quarter. Renaissance Technologies LLC now owns 350,782 shares of the real estate investment trust’s stock valued at $1,800,000 after buying an additional 47,173 shares during the last quarter. Mackenzie Financial Corp increased its stake in Five Oaks Investment Corp. by 86.2% in the first quarter. Mackenzie Financial Corp now owns 73,853 shares of the real estate investment trust’s stock valued at $379,000 after buying an additional 34,194 shares during the last quarter. Finally, Two Sigma Investments LP acquired a new stake in Five Oaks Investment Corp. during the fourth quarter valued at approximately $302,000. Institutional investors own 30.83% of the company’s stock.
About Five Oaks Investment Corp.
Five Oaks Investment Corp. is a real estate investment trust. The Company is focused on investing on a leveraged basis in mortgage and other real estate-related assets, particularly residential mortgage loans and mortgage-backed securities (MBS). The Company invests in various assets, such as Agency residential MBS (RMBS); securitizations backed by multi-family mortgage loans, or Multi-Family MBS; residential mortgage loans and other mortgage-related investments, including mortgage servicing rights (MSRs), and Non-Agency RMBS.
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