UBS Group AG Acquires New Stake in Adamas Trust, Inc. $ADAM

UBS Group AG acquired a new stake in shares of Adamas Trust, Inc. (NASDAQ:ADAM) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 320,283 shares of the company’s stock, valued at approximately $2,338,000.

A number of other hedge funds have also made changes to their positions in the stock. State of Alaska Department of Revenue bought a new stake in Adamas Trust during the fourth quarter worth approximately $307,000. Arizona State Retirement System bought a new stake in Adamas Trust during the fourth quarter worth approximately $174,000. Yousif Capital Management LLC bought a new stake in Adamas Trust during the fourth quarter worth approximately $166,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in Adamas Trust during the fourth quarter worth approximately $127,000. Finally, CWM LLC bought a new stake in Adamas Trust during the fourth quarter worth approximately $73,000. Institutional investors and hedge funds own 54.89% of the company’s stock.

Adamas Trust Stock Performance

Adamas Trust stock opened at $9.17 on Thursday. The business has a 50 day moving average price of $8.08. Adamas Trust, Inc. has a 52 week low of $6.16 and a 52 week high of $9.32. The company has a quick ratio of 17.70, a current ratio of 17.69 and a debt-to-equity ratio of 11.91. The firm has a market cap of $824.02 million, a price-to-earnings ratio of 7.84 and a beta of 1.18.

Adamas Trust (NASDAQ:ADAM) last posted its quarterly earnings data on Wednesday, April 29th. The company reported $0.29 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.05. Adamas Trust had a net margin of 24.14% and a return on equity of 14.29%. The firm had revenue of $45.81 million during the quarter, compared to analyst estimates of $40.00 million. Equities analysts forecast that Adamas Trust, Inc. will post 1.05 earnings per share for the current fiscal year.

Adamas Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 28th. Investors of record on Monday, March 30th were paid a $0.23 dividend. The ex-dividend date of this dividend was Monday, March 30th. This represents a $0.92 dividend on an annualized basis and a yield of 10.0%. Adamas Trust’s dividend payout ratio (DPR) is currently 78.63%.

Analyst Ratings Changes

ADAM has been the subject of a number of research reports. B. Riley Financial cut shares of Adamas Trust from a “buy” rating to a “neutral” rating and set a $9.50 target price for the company. in a report on Thursday, April 30th. Keefe, Bruyette & Woods raised their target price on shares of Adamas Trust from $8.25 to $9.00 and gave the stock a “market perform” rating in a report on Friday, February 20th. JonesTrading raised their target price on shares of Adamas Trust from $7.50 to $9.50 and gave the stock a “buy” rating in a report on Friday, February 20th. Finally, Weiss Ratings upgraded shares of Adamas Trust from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, April 24th. One investment analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $9.33.

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.