Angel Oak Mortgage, Inc. (AOMR) to Issue Quarterly Dividend of $0.32 on March 31st

Angel Oak Mortgage, Inc. (NYSE:AOMR – Get Rating) announced a quarterly dividend on Thursday, March 9th, Zacks reports. Stockholders of record on Wednesday, March 22nd will be given a dividend of 0.32 per share on Friday, March 31st. This represents a $1.28 annualized dividend and a dividend yield of 17.51%. The ex-dividend date of this dividend is Tuesday, March 21st.

Angel Oak Mortgage Trading Down 1.6 %

Shares of AOMR stock opened at $7.31 on Friday. Angel Oak Mortgage has a 52-week low of $4.43 and a 52-week high of $17.10. The stock’s 50-day moving average price is $7.52 and its 200 day moving average price is $8.81. The company has a debt-to-equity ratio of 3.96, a quick ratio of 2.43 and a current ratio of 2.43.

Hedge Funds Weigh In On Angel Oak Mortgage

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. American International Group Inc. increased its position in Angel Oak Mortgage by 23.3% during the 1st quarter. American International Group Inc. now owns 4,761 shares of the company’s stock worth $78,000 after purchasing an additional 900 shares during the period. BNP Paribas Arbitrage SNC acquired a new position in Angel Oak Mortgage during the 3rd quarter worth approximately $75,000. Raymond James & Associates increased its position in Angel Oak Mortgage by 9.3% during the 1st quarter. Raymond James & Associates now owns 12,460 shares of the company’s stock worth $204,000 after purchasing an additional 1,060 shares during the period. Bank of America Corp DE grew its holdings in shares of Angel Oak Mortgage by 77.5% in the 4th quarter. Bank of America Corp DE now owns 13,074 shares of the company’s stock worth $62,000 after acquiring an additional 5,710 shares during the period. Finally, State of Wisconsin Investment Board acquired a new stake in shares of Angel Oak Mortgage in the 4th quarter worth approximately $64,000. Institutional investors and hedge funds own 85.16% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on AOMR. Bank of America cut Angel Oak Mortgage from a “buy” rating to an “underperform” rating and dropped their price target for the company from $15.50 to $6.50 in a research report on Monday, December 5th. B. Riley cut Angel Oak Mortgage from a “buy” rating to a “neutral” rating and boosted their price target for the company from $10.00 to $15.00 in a research report on Monday, November 21st.

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.