ADAM · Adamas Trust, Inc.
$10.18
+0.10 (+0.99%)
At close · Aug 19
Market Cap
$905.99M
Shares
89.88M
Price & Indicators
20d MA
50d MA
200d MA
Earnings
Filing
Insider
Congress
Investor day
Close$10.18
Open$10.18
Day$10.08–10.23
52W close$6.58–10.23
Avg vol 30d854K
Short int2.9M · 3.3% float · 3.3d
Short vol46%
Last earningsJul 30, 2026
DataMar 2023–Aug 2026
Filing10-Q · Jul 31
Raw chart and full-history price indicators begin at the captured split on Mar 9, 2023; bars on opposite sides are not compared.
Up next
Next earnings call
Oct 29, 2026
Est · unconfirmed
· in 10 wks
FQ3-26 quarter ends
~Sep 30, 2026
Est
filed Jul 31, 2026
AI Brief
TL;DR.
Bullish
Bearish
From the call
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
Ask ALVIS about this →Equibles Rating
blended score · not investment adviceOverall
Buy
SellHoldBuy
Technical
Buy
Momentum
Very Strong
Sentiment
Bullish
Fundamentals
Excellent
Quant / Vol
Moderate
Market backdrop
VIX 14.9 · calm
Equity put/call 0.52
Technical
price trend
50 / 200-day cross
No cross
Price vs 200-day avg
+24%
above
Price vs 50-day avg
+10%
above
RSI (14)
71
overbought
MACD trend
Positive
52-week position
99%
near high
Volume (OBV)
Confirms
volume backs price
Momentum
relative strength
1-month return
+16%
trailing
6-month return
+23%
trailing
YTD return
+39%
this year
Relative strength
+11%
vs S&P · 6-mo
Sentiment
smart money
Trend (MA cross)
No cross
50d $9 › 200d $8 — 50d above 200d
Institutional flow
Accumulating
+10% holders QoQ · +44 funds added
Insider flow
Flat
No net insider activity over 90 days
Short interest
Falling
3.28% of float · ▼ -1.4% MoM · 3.3 days cover
Volume signal
Normal
Volume near normal
Institution breadth
Multi-yr high
206 holders — near 3-yr high, broad support
Squeeze score
59
elevated · 0–100
Fundamentals
EPS growth
+196%
Y/Y
Free cash flow
$125.9M
Valuation
P/E 6
below peers
Buyback
$97.6M
remaining
Balance sheet
$525.5M
net debt
Quant / Vol
risk profile
Volatility
32%
annualized · 1-yr
Max drawdown
−18%
past year
ATR
2.4%
of price · 14-day
Blended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.
Guidance & track record
Latest guidance
· from the 8-K filed May 4, 2020
Book value per common share
· as of March 31, 2020
$3.85 – $3.95
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Technicals
trend & momentum for long-term holders Buy
50 / 200-day cross
No cross
Neutral
Price vs 200-day avg
+24%
Bullish
Price vs 50-day avg
+10%
Bullish
RSI (14)
71
Bearish
MACD trend
Positive
Bullish
52-week position
99%
Bullish
Volume (OBV)
Confirms
Neutral
Market signals — smart money & positioning
Bullish · 3 of 6
Trend (MA cross)
No cross
50d $9 › 200d $8 — 50d above 200d
Institutional flow
Accumulating
+10% holders QoQ · +44 funds added
Insider flow
Flat
No net insider activity over 90 days
Short interest
Falling
3.28% of float · ▼ -1.4% MoM · 3.3 days cover
Volume signal
Normal
Volume near normal
Institution breadth
Multi-yr high
206 holders — near 3-yr high, broad support
Price context
position in its 52-week range
Range low $7
Now $10 · 99%
Range high $10
vs 200-day avg +24%
vs 50-day avg +10%
Illustrative technical + ownership context — a signal mix, not investment advice.
Key metrics
the company's own KPIs, from written earnings releases and filings| Metric | Latest | Period | YoY |
|---|---|---|---|
| Adjusted Book Value non-GAAP | 993.01M | 2Q'26 | — |
| Adjusted book value per share non-GAAP | $11.05 | Second Quarter 2026 | — |
| Adjusted Net Interest Income non-GAAP | 50.27M | 2Q'26 | — |
| Agency investment portfolio | $7.2B | Second Quarter 2026 | — |
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| Available cash | 182M | 2Q 2026 | — |
| Average Financing Cost non-GAAP | -4.55% | 2Q 2026 | — |
| Book value per share | $10.16 | Second Quarter 2026 | — |
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| BPL-Bridge Loan Count | 1,154 | 2Q 2026 | — |
| BPL-Rental DQ 60+ | 1.5% | 2Q 2026 | — |
| BPL-Rental Loan Count | 11,559 | 2Q 2026 | — |
| BPL-Rental Loan Portfolio UPB | $2.28B | 2Q 2026 | — |
| BPL-Rental portfolio UPB | $2.3B | Second Quarter 2026 | — |
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| Common stock dividend | $0.27 | 2Q 2026 | — |
| Common stock dividend yield | 11.51% | 2Q 2026 | — |
| Constructive cumulative originations since inception | $6.9B | Second Quarter 2026 | — |
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| Constructive Origination Loan Count | 2,252 | 2Q 2026 | — |
| Constructive Origination Volume | $428M | 2Q 2026 | — |
| Cumulative stockholder return | 31.2% | Second Quarter 2026 | — |
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| Current coupon mortgage spreads | 107 | 2Q 2026 | — |
| EAD per common share - basic non-GAAP | $0.3 | 2Q'26 | — |
| Earnings Available for Distribution ("EAD") per share non-GAAP | $0.3 | 2Q 2026 | — |
| Earnings Available for Distribution attributable to Company's common stockholders non-GAAP | 27.13M | 2Q'26 | — |
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GAAP → non-GAAP reconciliationGAAP GAAP net income (loss) attributable to Company's common stockholders 43.42M
+12.96M Realized losses, net
+8.5M Unrealized losses (gains), net
-48.72M (Gains) losses on derivative instruments, net
+1.02M Unrealized losses, net on equity investments
+161K Impairment of real estate
+150K Other losses (gains)
+4.49M Depreciation of operating real estate
+3.29M Non-cash expenses
+3.13M Financing transaction costs
+0K Restructuring and transaction expenses
+11K Income tax effect of adjustments
-1.28M EAD adjustments attributable to non-controlling interests
= Earnings available for distribution attributable to Company's common stockholders 27.13M
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| Earnings available for distribution per common share non-GAAP | $0.3 | Second Quarter 2026 | — |
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| Economic Return | 4.5% | 2Q'26 | — |
| Economic Return on Adjusted Book Value non-GAAP | 4.8% | 2Q'26 | — |
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| Investment Portfolio | 11.7B | 2Q 2026 | — |
| Mezzanine Lending & Cross-Collateralized Mezzanine Lending Asset Value | $192M | 2Q 2026 | — |
| Mezzanine Lending & Cross-Collateralized Mezzanine Lending Payoff Rate | 18.1% | 2Q 2026 | — |
| Mezzanine Lending & Cross-Collateralized Mezzanine Lending Total Count | 19 | 2Q 2026 | — |
| Net interest spread non-GAAP | 1.48% | Three Months Ended June 30, 2026 | — |
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| Quarterly economic return | 4.51% | Second Quarter 2026 | — |
| Quarterly economic return on adjusted book value non-GAAP | 4.81% | Second Quarter 2026 | — |
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| Total adjusted net interest income non-GAAP | $50.3M | Second Quarter 2026 | — |
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| Total Rate of Return | 31.1% | 2Q'26 | — |
| Warehouse capacity | 3.7B | 2Q 2026 | — |
| Yield on Avg. Interest Earning Assets non-GAAP | 6.03% | 2Q 2026 | — |
| YTD Economic Return | 11.04% | YTD 2026 | — |
| YTD Economic Return on Adjusted Book Value non-GAAP | 8.65% | YTD 2026 | — |
| Company Recourse Leverage Ratio | 5.2 | Q1 2026 | — |
| Portfolio Recourse Leverage Ratio | 4.9 | Q1 2026 | — |
| Adjusted book value per common share at the end of the period non-GAAP | $10.63 | For the Year Ended December 31, 2025 | — |
| Economic return on book value | 12.72% | For the Year Ended December 31, 2025 | — |
| Yield on average interest earning assets non-GAAP | 6.36% | For the Year Ended December 31, 2025 | — |
Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period
Versus peers
REIT - Mortgage — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
ADAM
this stock
Adamas Trust, Inc.
|
$905.99M | +39.5% | — | 6.0 | 3.3% |
|
NLY
Annaly Capital Management Inc
|
$17.61B | +6.2% | — | — | 2.8% |
|
AGNC
AGNC Investment Corp.
|
$12.95B | +3.4% | — | — | 8.4% |
|
STWD
Starwood Property Trust, Inc.
|
$6.02B | -8.1% | -5.3% | — | 4.9% |
|
RITM
Rithm Capital Corp.
|
$5.72B | -4.8% | -6.7% | 17.1 | 7.0% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every sectionOwnership
Short & Settlement
Financials
Filings
Earnings & Events
Performance
Raw-price comparisons begin at the captured split on Mar 9, 2023; windows that need an earlier baseline remain unavailable.
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| ADAM | +0.2% | +15.8% | +22.8% | +12.2% | +39.5% |
| SPY | -0.4% | +2.9% | +11.6% | +3.0% | +12.8% |
| vs SPY | +0.6% | +12.9% | +11.2% | +9.3% | +26.7% |
Capital returns
Latest dividend
$0.27
/ share · ex Jun 23, 2026
Declared · upcoming
$0.30
/ share · ex Sep 22, 2026
Paid (TTM)
$0.96
/ share · 4 payouts
Dividend yield (TTM, derived)
9.43%
Buyback programs
· 2 active
· as of Jun 30, 2026
Authorized (total)
$346.00M
Spent (derived)
$248.40M
Remaining
$97.60M
Spent
Remaining
Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.
Key facts
CIK
1273685
CUSIP
649604840
13F (30d)
185 filings
185 filers
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