Riverbridge Partners LLC Buys 99,811 Shares of Angel Oak Mortgage REIT Inc. $AOMR

Riverbridge Partners LLC grew its stake in shares of Angel Oak Mortgage REIT Inc. (NYSE:AOMR) by 120.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 182,770 shares of the company’s stock after acquiring an additional 99,811 shares during the period. Riverbridge Partners LLC owned 0.73% of Angel Oak Mortgage REIT worth $1,574,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in AOMR. Victory Capital Management Inc. grew its position in shares of Angel Oak Mortgage REIT by 256.5% in the third quarter. Victory Capital Management Inc. now owns 1,508,687 shares of the company’s stock valued at $14,136,000 after purchasing an additional 1,085,507 shares during the last quarter. Vanguard Group Inc. lifted its holdings in Angel Oak Mortgage REIT by 4.2% during the 3rd quarter. Vanguard Group Inc. now owns 874,035 shares of the company’s stock worth $8,190,000 after purchasing an additional 35,580 shares during the last quarter. North Ground Capital boosted its stake in Angel Oak Mortgage REIT by 94.4% in the 3rd quarter. North Ground Capital now owns 388,836 shares of the company’s stock valued at $3,643,000 after purchasing an additional 188,836 shares during the period. Geode Capital Management LLC boosted its stake in Angel Oak Mortgage REIT by 1.7% in the 2nd quarter. Geode Capital Management LLC now owns 321,084 shares of the company’s stock valued at $3,025,000 after purchasing an additional 5,312 shares during the period. Finally, Alpine Global Management LLC acquired a new position in Angel Oak Mortgage REIT in the 3rd quarter valued at $1,940,000. Institutional investors own 80.15% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on AOMR. Weiss Ratings reiterated a “hold (c-)” rating on shares of Angel Oak Mortgage REIT in a research report on Monday, December 29th. JonesTrading reissued a “buy” rating and issued a $10.50 target price on shares of Angel Oak Mortgage REIT in a research report on Thursday, February 26th. Two investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, Angel Oak Mortgage REIT currently has a consensus rating of “Hold” and an average price target of $11.08.

Angel Oak Mortgage REIT Stock Down 3.5%

NYSE AOMR opened at $7.98 on Friday. The company has a current ratio of 10.95, a quick ratio of 10.95 and a debt-to-equity ratio of 7.49. The company has a market cap of $198.96 million, a price-to-earnings ratio of 4.41 and a beta of 1.36. The company has a 50 day moving average of $8.71 and a 200-day moving average of $8.93. Angel Oak Mortgage REIT Inc. has a 1-year low of $7.36 and a 1-year high of $10.34.

Angel Oak Mortgage REIT (NYSE:AOMR) last issued its quarterly earnings results on Wednesday, February 25th. The company reported $0.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.28 by $0.01. Angel Oak Mortgage REIT had a return on equity of 5.15% and a net margin of 30.65%.The business had revenue of $16.70 million for the quarter, compared to the consensus estimate of $11.33 million. On average, equities research analysts expect that Angel Oak Mortgage REIT Inc. will post 0.03 earnings per share for the current fiscal year.

Angel Oak Mortgage REIT Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 27th. Stockholders of record on Friday, February 20th were issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 16.0%. The ex-dividend date of this dividend was Friday, February 20th. Angel Oak Mortgage REIT’s dividend payout ratio is 70.72%.

About Angel Oak Mortgage REIT

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.