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Angel Oak Mortgage (AOMR)

Angel Oak Mortgage, Inc. is a real estate finance company focused on acquiring and investing in first lien non-QM loans and other mortgage-related assets in the U.S. mortgage market. The Company’s objective is to generate attractive risk-adjusted returns for its stockholders through cash distributions and capital appreciation across interest rate and credit cycles. The Company is externally managed and advised by an affiliate of Angel Oak Capital Advisors, LLC, which, collectively with its affiliates, is a leading alternative credit manager with a vertically integrated mortgage origination platform.

Company profile

Ticker
AOMR
Exchange
Website
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Subsidiaries
Angel Oak Mortgage OP GP, LLC • Angel Oak Mortgage Operating Partnership, LP • Angel Oak Mortgage REIT TRS, LLC • AOMI SPV LLC • Peachtree Mortgage SPV, LLC • AOMT II, LLC ...
IRS number
371892154

AOMR stock data

Analyst ratings and price targets

Last 3 months

Investment data

Data from SEC filings
Securities sold
Number of investors

Calendar

16 May 22
26 Jun 22
31 Dec 22
Quarter (USD) Mar 22 Dec 21 Sep 21 Jun 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 95.89M 95.89M 95.89M 95.89M 95.89M 95.89M
Cash burn (monthly) (no burn) (no burn) 15.67M 4.33M 202.14M 50.54M
Cash used (since last report) n/a n/a 45.01M 12.44M 580.75M 145.19M
Cash remaining n/a n/a 50.88M 83.45M -484.85M -49.29M
Runway (months of cash) n/a n/a 3.2 19.3 -2.4 -1.0

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
24 May 22 Davidson Kempner Capital Management Common Stock Buy Acquire P Yes No 13.99 33,761 472.32K 7,389,791
24 May 22 Davidson Kempner Capital Management Common Stock Buy Acquire P Yes No 13.99 15,000 209.85K 7,356,030
23 May 22 Davidson Kempner Capital Management Common Stock Buy Acquire P Yes No 13.99 6,260 87.58K 7,341,030
20 May 22 Davidson Kempner Capital Management Common Stock, par value $0.01 per share ("Common Stock") Buy Acquire P Yes No 12.99 30,410 395.03K 7,344,770
19 May 22 Jonathan Morgan Common Stock Buy Acquire P No No 13.3 4,000 53.2K 18,226
18 May 22 Brandon Filson Common Stock Buy Acquire P No No 13.37 1,900 25.4K 107,877
18 May 22 Christine Jurinich Common Stock Grant Acquire A No No 0 6,015 0 14,777
18 May 22 Jonathan Morgan Common Stock Grant Acquire A No No 0 6,015 0 14,226
18 May 22 Craig B Jones Common Stock Grant Acquire A No No 0 6,015 0 12,857
78.0% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 38 39 -2.6%
Opened positions 6 8 -25.0%
Closed positions 7 3 +133.3%
Increased positions 14 15 -6.7%
Reduced positions 9 7 +28.6%
13F shares Current Prev Q Change
Total value 314.94M 301.08M +4.6%
Total shares 19.45M 18.35M +6.0%
Total puts 0 0
Total calls 0 0
Total put/call ratio
Largest owners Shares Value Change
Davidson Kempner Capital Management 7.3M $119.87M 0.0%
MS Morgan Stanley 5.17M $84.87M 0.0%
Canada Pension Plan Investment Board 2.11M $34.55M 0.0%
Vivaldi Capital Management 1.95M $27.6M NEW
BLK Blackrock 627.36K $10.29M +2.6%
Amundi 561.73K $9.34M -1.3%
Masters Capital Management 500K $8.21M -16.7%
Vanguard 341.95K $5.61M +9.9%
Equitec Proprietary Markets 150K $2.46M NEW
Geode Capital Management 142.22K $2.33M +40.3%
Largest transactions Shares Bought/sold Change
Vivaldi Capital Management 1.95M +1.95M NEW
GS Goldman Sachs 0 -477.72K EXIT
Centiva Capital 0 -443.23K EXIT
Equitec Proprietary Markets 150K +150K NEW
Masters Capital Management 500K -100K -16.7%
WFC Wells Fargo & Co. 0 -74.86K EXIT
Geode Capital Management 142.22K +40.88K +40.3%
Cresset Asset Management 0 -38.32K EXIT
JPM JPMorgan Chase & Co. 101.33K +33.13K +48.6%
Vanguard 341.95K +30.89K +9.9%

Financial report summary

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Management Discussion
  • Our results of operations presented herein for the three months ended March 31, 2021 do not reflect the expenses typically associated with being a public company for the reporting period, including increased insurance, legal, and accounting fees, full periods of equity compensation expense, expenses incurred in complying with the reporting and other requirements of the Securities Exchange Act of 1934 (the “Exchange Act”), and increased expense of the base management fee to our Manager as a result of differences in the way fees and expense reimbursements are calculated under the Management Agreement as compared to the pre-IPO management agreement as among us, our Manager and Angel Oak Mortgage Fund, LP (“Angel Oak Mortgage Fund”), our sole common stockholder prior the IPO (the “pre-IPO management agreement”). Additionally, pursuant to the Management Agreement, we are required to reimburse our Manager for its operating expenses, including third‑party expenses, incurred on our behalf; and our Manager is entitled to reimbursement for costs of the wages, salaries, and benefits incurred by our Manager for our dedicated Chief Financial Officer and Treasurer and a proportionate amount of the costs of the wages, salaries, and benefits of our Chief Executive Officer and President (who, after the completion of the IPO, has dedicated a substantial majority of his business time to us) based on the percentage of his business time spent on our matters, and any other dedicated or partially dedicated employees based on the percentage of each such person’s working time spent on matters related to us.

Content analysis

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