Revenue Update on Five Oaks Investment Corp(NYSE:OAKS)

Five Oaks Investment Corp(NYSE:OAKS) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Aug 9, 2016. Company reported revenue of $5.77M. Analysts estimated a revenue of $8.30M. Earnings per share were $0.21. Analysts had estimated an EPS of $0.22.

Five Oaks Investment Corp (OAKS) shares turned negative on Wednesdays trading session with the shares closing down -0.02 points or -0.34% at a volume of 43,505. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $5.95. The peak price level was also seen at $5.95 while the days lowest was $5.9. Finally the shares closed at $5.91. The 52-week high of the shares is $7.31 while the 52-week low is $3.821. According to the latest information available, the market cap of the company is $86 M.

Several Insider Transactions has been reported to the SEC. On Sep 11, 2015, Neil A. Cummins (director) purchased 2,969 shares at $6.61 per share price.Also, On Aug 20, 2015, Walter C Keenan (director) purchased 5,000 shares at $6.83 per share price.On Aug 20, 2015, William A Houlihan (director) purchased 15,000 shares at $6.67 per share price, according to the Form-4 filing with the securities and exchange commission.

Five Oaks Investment Corp. is focused on investing in financing and managing a leveraged portfolio of mortgage-backed securities (MBS) including non-Agency and Agency residential mortgage-backed securities (RMBS) Multi-Family MBS residential mortgage loans mortgage servicing rights and other mortgage-related investments (collectively referred as the Company’s target assets). As of December 31 2014 the Company’s portfolio consisted of 85.5% Agency RMBS and 14.5% Non-Agency RMBS. As of December 31 2014 the Company owned $783.9 million of MBS on a non-GAAP basis (including Non-Agency RMBS underlying Linked Transaction Multi-Family MBS underlying Linked Transactions and its net investment in Multi-Family MBS and residential mortgage loan trusts). The Company is managed and advised by Oak Circle Capital Partners LLC.

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