Insider Buying: Angel Oak Mortgage, Inc. (NYSE:AOMR) CFO Buys 1,900 Shares of Stock

Angel Oak Mortgage, Inc. (NYSE:AOMR – Get Rating) CFO Brandon Filson purchased 1,900 shares of the stock in a transaction that occurred on Wednesday, May 18th. The shares were acquired at an average cost of $13.37 per share, for a total transaction of $25,403.00. Following the completion of the transaction, the chief financial officer now owns 107,877 shares of the company’s stock, valued at approximately $1,442,315.49. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Shares of AOMR traded up $0.03 during mid-day trading on Thursday, reaching $13.33. The company had a trading volume of 716 shares, compared to its average volume of 62,285. The company’s 50 day simple moving average is $15.84 and its 200 day simple moving average is $16.51. Angel Oak Mortgage, Inc. has a 1-year low of $12.60 and a 1-year high of $19.00. The company has a debt-to-equity ratio of 1.25, a quick ratio of 2.14 and a current ratio of 2.14. The company has a market capitalization of $334.45 million and a price-to-earnings ratio of -10.31.

Angel Oak Mortgage (NYSE:AOMR – Get Rating) last posted its quarterly earnings results on Tuesday, March 15th. The company reported $0.89 earnings per share for the quarter, beating analysts’ consensus estimates of $0.38 by $0.51. Angel Oak Mortgage had a negative net margin of 41.11% and a positive return on equity of 14.85%. The company had revenue of $22.79 million for the quarter, compared to the consensus estimate of $22.52 million. As a group, equities analysts forecast that Angel Oak Mortgage, Inc. will post 2.27 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 31st. Investors of record on Monday, May 23rd will be given a dividend of $0.45 per share. The ex-dividend date is Friday, May 20th. This represents a $1.80 annualized dividend and a yield of 13.50%. Angel Oak Mortgage’s dividend payout ratio is presently -141.73%.

Large investors have recently bought and sold shares of the stock. New York State Common Retirement Fund acquired a new stake in Angel Oak Mortgage during the 3rd quarter worth approximately $25,000. Denali Advisors LLC acquired a new stake in Angel Oak Mortgage during the 4th quarter worth approximately $34,000. Royal Bank of Canada acquired a new stake in Angel Oak Mortgage during the 2nd quarter worth approximately $45,000. Advisor Group Holdings Inc. acquired a new stake in Angel Oak Mortgage during the 4th quarter worth approximately $54,000. Finally, Bank of America Corp DE bought a new position in Angel Oak Mortgage during the 2nd quarter worth approximately $63,000. Institutional investors and hedge funds own 73.17% of the company’s stock.

AOMR has been the topic of a number of analyst reports. Wells Fargo & Company reduced their price objective on shares of Angel Oak Mortgage from $23.00 to $21.00 and set an “overweight” rating on the stock in a research note on Wednesday, March 16th. Zacks Investment Research upgraded shares of Angel Oak Mortgage from a “sell” rating to a “strong-buy” rating and set a $16.00 price objective on the stock in a research note on Wednesday. Two research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Angel Oak Mortgage has a consensus rating of “Buy” and a consensus price target of $19.00.

About Angel Oak Mortgage (Get Rating)

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.

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