North Ground Capital Takes $1.49 Million Position in Angel Oak Mortgage REIT Inc. $AOMR

North Ground Capital acquired a new stake in Angel Oak Mortgage REIT Inc. (NYSE:AOMR) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 164,369 shares of the company’s stock, valued at approximately $1,492,471. Angel Oak Mortgage REIT makes up 0.0% of North Ground Capital’s holdings, making the stock its 19th biggest holding. North Ground Capital owned 0.71% of Angel Oak Mortgage REIT as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. BlackRock Inc. purchased a new position in shares of Angel Oak Mortgage REIT in the second quarter valued at $12,210,000. JPMorgan Chase & Co. raised its position in Angel Oak Mortgage REIT by 427.2% during the third quarter. JPMorgan Chase & Co. now owns 145,565 shares of the company’s stock valued at $1,364,000 after acquiring an additional 117,956 shares in the last quarter. Jacobs Levy Equity Management Inc. grew its holdings in shares of Angel Oak Mortgage REIT by 584.4% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 103,757 shares of the company’s stock worth $972,000 after purchasing an additional 88,596 shares in the last quarter. Jacobs Asset Management LLC increased its position in Angel Oak Mortgage REIT by 30.4% in the 1st quarter. Jacobs Asset Management LLC now owns 375,000 shares of the company’s stock valued at $3,082,000 after acquiring an additional 87,500 shares in the last quarter. Finally, Wolverine Asset Management LLC lifted its holdings in Angel Oak Mortgage REIT by 40.5% during the fourth quarter. Wolverine Asset Management LLC now owns 289,090 shares of the company’s stock worth $2,489,000 after acquiring an additional 83,381 shares in the last quarter. 80.15% of the stock is owned by institutional investors and hedge funds.

Angel Oak Mortgage REIT Stock Up 0.5%

Shares of AOMR traded up $0.04 during midday trading on Friday, hitting $8.42. The stock had a trading volume of 85,046 shares, compared to its average volume of 111,527. The firm has a market cap of $195.51 million, a price-to-earnings ratio of 11.23 and a beta of 1.25. The company has a debt-to-equity ratio of 8.76, a current ratio of 7.16 and a quick ratio of 7.16. Angel Oak Mortgage REIT Inc. has a twelve month low of $7.95 and a twelve month high of $10.14. The company has a 50 day simple moving average of $8.87 and a two-hundred day simple moving average of $8.66.

Angel Oak Mortgage REIT Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Stockholders of record on Friday, August 21st will be paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 15.2%. The ex-dividend date is Friday, August 21st. Angel Oak Mortgage REIT’s dividend payout ratio (DPR) is presently 170.67%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on AOMR. Wall Street Zen raised shares of Angel Oak Mortgage REIT from a “sell” rating to a “hold” rating in a research note on Saturday, August 8th. Wells Fargo & Company reduced 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. BTIG Research cut their price target on Angel Oak Mortgage REIT from $13.50 to $10.00 and set a “buy” rating on the stock in a report on Wednesday, June 17th. JonesTrading reiterated a “buy” rating and issued a $10.50 price objective on shares of Angel Oak Mortgage REIT in a report on Tuesday, August 4th. Finally, Weiss Ratings raised 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 assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Angel Oak Mortgage REIT currently has an average rating of “Moderate Buy” and an average price target of $10.06.

Angel Oak Mortgage REIT Company 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.