Treasurer & CFO Brandon Filson Sold A Bunch Of Shares In Angel Oak Mortgage REIT
We wouldn't blame Angel Oak Mortgage REIT, Inc. (NYSE:AOMR) shareholders if they were a little worried about the fact that Brandon Filson, the Treasurer & CFO recently netted about US$515k selling shares at an average price of US$7.93. That sale reduced their total holding by 38% which is hardly insignificant, but far from the worst we've seen.
The Last 12 Months Of Insider Transactions At Angel Oak Mortgage REIT
In fact, the recent sale by Brandon Filson was the biggest sale of Angel Oak Mortgage REIT shares made by an insider individual in the last twelve months, according to our records. So what is clear is that an insider saw fit to sell at around the current price of US$7.55. While insider selling is a negative, to us, it is more negative if the shares are sold at a lower price. We note that this sale took place at around the current price, so it isn't a major concern, though it's hardly a good sign.
You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
See our latest analysis for Angel Oak Mortgage REIT
For those who like to find hidden gems this free list of small cap companies with recent insider purchasing, could be just the ticket.
Insider Ownership Of Angel Oak Mortgage REIT
Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. Based on our data, Angel Oak Mortgage REIT insiders have about 2.3% of the stock, worth approximately US$4.0m. We consider this fairly low insider ownership.
So What Does This Data Suggest About Angel Oak Mortgage REIT Insiders?
The insider sales have outweighed the insider buying, at Angel Oak Mortgage REIT, in the last three months. Zooming out, the longer term picture doesn't give us much comfort. When you combine this with the relatively low insider ownership, we are very cautious about the stock. We'd certainly practice some caution before buying! In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Angel Oak Mortgage REIT. Be aware that Angel Oak Mortgage REIT is showing 3 warning signs in our investment analysis, and 2 of those can't be ignored...
Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting companies.
For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.