Adamas Trust Target of Unusually Large Options Trading (NASDAQ:ADAM)

Adamas Trust, Inc. (NASDAQ:ADAM) was the recipient of unusually large options trading activity on Wednesday. Investors bought 24,801 call options on the stock. This represents an increase of approximately 22,243% compared to the average volume of 111 call options.

Institutional Investors Weigh In On Adamas Trust

Institutional investors have recently added to or reduced their stakes in the company. Arizona State Retirement System acquired a new position in Adamas Trust in the 4th quarter valued at approximately $174,000. Atwood & Palmer Inc. bought a new stake in shares of Adamas Trust during the fourth quarter valued at approximately $29,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in shares of Adamas Trust in the fourth quarter valued at $127,000. CWM LLC bought a new position in Adamas Trust in the fourth quarter worth $73,000. Finally, State of Alaska Department of Revenue acquired a new stake in Adamas Trust during the fourth quarter worth $307,000. 54.89% of the stock is owned by institutional investors and hedge funds.

Adamas Trust Price Performance

Shares of Adamas Trust stock opened at $8.44 on Thursday. The company has a quick ratio of 12.43, a current ratio of 12.44 and a debt-to-equity ratio of 12.30. The firm has a market capitalization of $762.22 million, a price-to-earnings ratio of 38.23 and a beta of 1.11. Adamas Trust has a fifty-two week low of $5.01 and a fifty-two week high of $8.76.

Analysts Set New Price Targets

Separately, Weiss Ratings started coverage on shares of Adamas Trust in a report on Wednesday, January 14th. They set a “hold (c-)” rating for the company. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company has a consensus rating of “Hold”.

About Adamas Trust

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.