Angel Oak Mortgage REIT, Inc. - Short Interest and Insider Activity Update

2 min read | November 17, 2024 10:29 AM PST | By Team Kalkine Media

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Key insider transactions reveal both buying and selling activities

Large investors recently adjusted their holdings in the company

Significant rise in short interest for Angel Oak Mortgage REIT (AOMR) in October

Angel Oak Mortgage REIT, Inc. (NYSE:AOMR) saw a notable increase in short interest during October. As of the end of the month, short interest grew to 92,700 shares, marking a substantial rise from the earlier count of 74,600 shares. The days-to-cover ratio currently stands at approximately 0.7 days based on an average daily trading volume.

Recent insider transactions shed light on some key movements within the company. On September 5, CFO Brandon Filson sold 22,894 shares, transitioning to direct ownership of 75,818 shares. This shift reduced his ownership by 23.19%, with the stock valued at around $835,514 following the transaction. In contrast, Director W.D. Minami recently acquired 5,000 shares at an average cost per share, increasing his stake in the company by 12.42%. Both of these transactions have been filed with the SEC for transparency.

Additional insights reveal that insiders have sold a cumulative 29,948 shares over the past three months. Currently, 2.5% of Angel Oak Mortgage REIT is owned by company insiders, demonstrating a blend of confidence and strategic adjustment in stock positions.

Large institutional investors have also made recent adjustments to their holdings in AOMR. The National Bank of Canada FI, Gladius Capital Management LP, and Allspring Global Investments Holdings LLC each added new positions in the company across the second and third quarters. Barclays PLC also significantly increased its stake in the third quarter, adding 15,813 shares after an incremental acquisition. Presently, institutional investors and hedge funds collectively hold 80.15% of the company’s shares.

These trends in insider and institutional activity reflect a dynamic landscape around Angel Oak Mortgage REIT as both insiders and large investors reposition their interests within the company. The stock’s high level of institutional ownership signals ongoing attention to AOMR from major financial players, alongside active engagement from company insiders.

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