164,369 Shares in Angel Oak Mortgage REIT Inc. $AOMR Purchased by North Ground Capital

North Ground Capital acquired a new stake in shares of Angel Oak Mortgage REIT Inc. (NYSE:AOMR) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 164,369 shares of the company’s stock, valued at approximately $1,492,471,000. Angel Oak Mortgage REIT makes up approximately 1.8% of North Ground Capital’s portfolio, making the stock its 19th largest holding.

Other hedge funds also recently bought and sold shares of the company. Strs Ohio purchased a new position in Angel Oak Mortgage REIT in the 1st quarter worth approximately $25,000. Kemnay Advisory Services Inc. acquired a new position in shares of Angel Oak Mortgage REIT during the 4th quarter valued at about $26,000. Royal Bank of Canada boosted its holdings in Angel Oak Mortgage REIT by 94.0% in the 1st quarter. Royal Bank of Canada now owns 4,062 shares of the company’s stock valued at $33,000 after purchasing an additional 1,968 shares during the last quarter. BNP Paribas Financial Markets lifted its holdings in Angel Oak Mortgage REIT by 343.0% in the second quarter. BNP Paribas Financial Markets now owns 3,929 shares of the company’s stock valued at $37,000 after acquiring an additional 3,042 shares during the last quarter. Finally, Marshall Wace LLP acquired a new position in shares of Angel Oak Mortgage REIT in the 4th quarter valued at $87,000. Institutional investors and hedge funds own 80.15% of the company’s stock.

Angel Oak Mortgage REIT Price Performance

AOMR stock opened at $8.25 on Monday. The company has a market capitalization of $191.56 million, a P/E ratio of 11.00 and a beta of 1.25. Angel Oak Mortgage REIT Inc. has a twelve month low of $7.95 and a twelve month high of $10.14. The business has a 50 day simple moving average of $8.87 and a 200-day simple moving average of $8.68. The company has a current ratio of 7.16, a quick ratio of 7.16 and a debt-to-equity ratio of 8.76.

Angel Oak Mortgage REIT Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Friday, August 21st will be given a $0.32 dividend. The ex-dividend date is Friday, August 21st. This represents a $1.28 annualized dividend and a yield of 15.5%. Angel Oak Mortgage REIT’s dividend payout ratio is 170.67%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on AOMR shares. BTIG Research lowered their price objective on shares of Angel Oak Mortgage REIT from $13.50 to $10.00 and set a “buy” rating for the company in a research report on Wednesday, June 17th. Wells Fargo & Company decreased their price objective on Angel Oak Mortgage REIT from $11.00 to $10.00 and set an “overweight” rating for the company in a research note on Wednesday, August 5th. JonesTrading reiterated a “buy” rating and set a $10.50 target price on shares of Angel Oak Mortgage REIT in a research note on Tuesday, August 4th. Wall Street Zen raised Angel Oak Mortgage REIT from a “sell” rating to a “hold” rating in a report on Saturday, August 8th. Finally, Weiss Ratings upgraded shares of Angel Oak Mortgage REIT from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, August 4th. Three analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $10.06.

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.