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Short Interest in Angel Oak Mortgage, Inc. (NYSE:AOMR) Decreases By 8.4%

Defense World · Aug 18, 2022 05:02

Angel Oak Mortgage, Inc. (NYSE:AOMR – Get Rating) saw a significant decrease in short interest in July. As of July 31st, there was short interest totalling 272,700 shares, a decrease of 8.4% from the July 15th total of 297,700 shares. Based on an average daily volume of 57,800 shares, the days-to-cover ratio is presently 4.7 days. Approximately 1.1% of the company's shares are short sold.

Angel Oak Mortgage Stock Performance

Shares of AOMR stock opened at $15.36 on Thursday. The firm has a market capitalization of $382.88 million, a price-to-earnings ratio of -4.35, a price-to-earnings-growth ratio of 0.58 and a beta of 0.76. The company has a debt-to-equity ratio of 2.45, a current ratio of 2.43 and a quick ratio of 2.43. The business has a fifty day moving average of $14.03 and a 200 day moving average of $15.22. Angel Oak Mortgage has a 1 year low of $12.20 and a 1 year high of $18.73.

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Angel Oak Mortgage Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 31st. Shareholders of record on Monday, August 22nd will be paid a dividend of $0.45 per share. The ex-dividend date is Friday, August 19th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 11.72%. Angel Oak Mortgage's payout ratio is currently -50.99%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on AOMR shares. Wells Fargo & Company lowered their price objective on Angel Oak Mortgage from $17.00 to $15.00 and set an "overweight" rating for the company in a research report on Wednesday, August 10th. UBS Group lowered Angel Oak Mortgage from a "buy" rating to a "neutral" rating and reduced their target price for the stock from $19.50 to $14.50 in a research note on Wednesday, June 1st. Finally, B. Riley reduced their target price on Angel Oak Mortgage from $22.00 to $19.00 and set a "buy" rating for the company in a research note on Thursday, July 21st.

Insider Buying and Selling

In other news, major shareholder Davidson Kempner Capital Manag acquired 6,260 shares of the company's stock in a transaction that occurred on Monday, May 23rd. The shares were bought at an average price of $13.99 per share, with a total value of $87,577.40. Following the completion of the purchase, the insider now directly owns 7,341,030 shares in the company, valued at $102,701,009.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Hedge Funds Weigh In On Angel Oak Mortgage

A number of institutional investors have recently modified their holdings of the stock. American International Group Inc. raised its stake in shares of Angel Oak Mortgage by 17.3% during the 2nd quarter. American International Group Inc. now owns 5,583 shares of the company's stock valued at $72,000 after buying an additional 822 shares during the last quarter. Raymond James & Associates raised its stake in shares of Angel Oak Mortgage by 9.3% during the 1st quarter. Raymond James & Associates now owns 12,460 shares of the company's stock valued at $204,000 after buying an additional 1,060 shares during the last quarter. Strs Ohio raised its stake in shares of Angel Oak Mortgage by 64.7% during the 2nd quarter. Strs Ohio now owns 2,800 shares of the company's stock valued at $36,000 after buying an additional 1,100 shares during the last quarter. UBS Group AG increased its stake in shares of Angel Oak Mortgage by 2.5% in the 1st quarter. UBS Group AG now owns 85,125 shares of the company's stock valued at $1,397,000 after purchasing an additional 2,055 shares in the last quarter. Finally, New York State Common Retirement Fund increased its stake in shares of Angel Oak Mortgage by 146.7% in the 4th quarter. New York State Common Retirement Fund now owns 3,700 shares of the company's stock valued at $61,000 after purchasing an additional 2,200 shares in the last quarter. Hedge funds and other institutional investors own 73.17% of the company's stock.

Angel Oak Mortgage Company Profile

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Angel Oak Mortgage, Inc, a real estate finance company, focuses on acquiring and investing in first lien non- qualified mortgage loans and other mortgage-related assets in the United States mortgage market. The company qualifies as a real estate investment trust for federal income tax purposes. It generally would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders.