Wesley Minami Bought 8.5% More Shares In Angel Oak Mortgage REIT

Whilst it may not be a huge deal, we thought it was good to see that the Angel Oak Mortgage REIT, Inc. (NYSE:AOMR) Lead Independent Director, Wesley Minami, recently bought US$55k worth of stock, for US$8.10 per share. However, it only increased their shares held by 8.5%, and it wasn't a huge purchase by absolute value, either.

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The Last 12 Months Of Insider Transactions At Angel Oak Mortgage REIT

Over the last year, we can see that the biggest insider sale was by the Treasurer & CFO, Brandon Filson, for US$489k worth of shares, at about US$9.78 per share. While we don't usually like to see insider selling, it's more concerning if the sales take place at a lower price. The silver lining is that this sell-down took place above the latest price (US$8.10). So it may not tell us anything about how insiders feel about the current share price. Brandon Filson was the only individual insider to sell shares in the last twelve months.

You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

Check out our latest analysis for Angel Oak Mortgage REIT

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Does Angel Oak Mortgage REIT Boast High Insider Ownership?

For a common shareholder, it is worth checking how many shares are held by company insiders. 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 2.5% of the stock, worth approximately US$4.8m. We prefer to see high levels of insider ownership.

So What Do The Angel Oak Mortgage REIT Insider Transactions Indicate?

It's certainly positive to see the recent insider purchase. But we can't say the same for the transactions over the last 12 months. Neither the level of insider ownership, nor the transactions over the last twelve months inspire us, but we think the recent buying is positive. So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. In terms of investment risks, we've identified 2 warning signs with Angel Oak Mortgage REIT and understanding these should be part of your investment process.

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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.

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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.