Five Oaks Investment Corp. (OAKS) Hits New 52-Week Low at $4.18
Five Oaks Investment Corp. (NYSE:OAKS)’s share price reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $4.18 and last traded at $4.18, with a volume of 353,357 shares trading hands. The stock had previously closed at $4.35.
The company has a market cap of $92.98 million, a P/E ratio of 7.14 and a beta of 1.29. The stock’s 50-day moving average is $4.83 and its 200-day moving average is $5.12.
The business also recently declared a monthly dividend, which will be paid on Wednesday, August 30th. Shareholders of record on Tuesday, August 15th will be issued a dividend of $0.05 per share. The ex-dividend date is Friday, August 11th. This represents a $0.60 annualized dividend and a yield of 13.79%. Five Oaks Investment Corp.’s dividend payout ratio (DPR) is 89.55%.
In other Five Oaks Investment Corp. news, CEO David C. Carroll acquired 10,000 shares of the company’s stock in a transaction dated Friday, June 16th. The shares were acquired at an average price of $4.67 per share, for a total transaction of $46,700.00. Following the acquisition, the chief executive officer now owns 65,384 shares in the company, valued at approximately $305,343.28. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 0.92% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. PVG Asset Management Corp acquired a new position in Five Oaks Investment Corp. during the second quarter worth approximately $657,000. Virtu KCG Holdings LLC acquired a new position in Five Oaks Investment Corp. during the second quarter worth approximately $108,000. Vanguard Group Inc. increased its position in Five Oaks Investment Corp. by 2.0% in the second quarter. Vanguard Group Inc. now owns 805,729 shares of the real estate investment trust’s stock worth $3,932,000 after buying an additional 16,005 shares during the last quarter. Rational Advisors LLC acquired a new position in Five Oaks Investment Corp. during the second quarter worth approximately $657,000. Finally, Renaissance Technologies LLC increased its position in Five Oaks Investment Corp. by 15.5% in the first quarter. Renaissance Technologies LLC now owns 350,782 shares of the real estate investment trust’s stock worth $1,800,000 after buying an additional 47,173 shares during the last quarter. Institutional investors and hedge funds own 30.60% of the company’s stock.
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Five Oaks Investment Corp. Company Profile
Five Oaks Investment Corp. is a real estate investment trust. The Company is focused on investing on a leveraged basis in mortgage and other real estate-related assets, particularly residential mortgage loans and mortgage-backed securities (MBS). The Company invests in various assets, such as Agency residential MBS (RMBS); securitizations backed by multi-family mortgage loans, or Multi-Family MBS; residential mortgage loans and other mortgage-related investments, including mortgage servicing rights (MSRs), and Non-Agency RMBS.
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