2 weeks Ago By ABMN Staff
JPMorgan Chase & Co. reduced its holdings in shares of PennyMac Mortgage Investment Trust ( NYSE:PMT – Free Report ) by 59.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission.
The institutional investor owned 496,591 shares of the real estate investment trust’s stock after selling 722,615 shares during the quarter. JPMorgan Chase & Co.’s holdings in PennyMac Mortgage Investment Trust were worth $6,252,000 at the end of the most recent quarter.
Other institutional investors also recently modified their holdings of the company. Wilmington Savings Fund Society FSB bought a new stake in PennyMac Mortgage Investment Trust during the 3rd quarter valued at $28,000. Rialto Wealth Management LLC purchased a new position in shares of PennyMac Mortgage Investment Trust in the fourth quarter valued at $25,000.
Versant Capital Management Inc raised its stake in shares of PennyMac Mortgage Investment Trust by 58.0% during the 4th quarter. Versant Capital Management Inc now owns 2,240 shares of the real estate investment trust’s stock valued at $28,000 after purchasing an additional 822 shares during the period.
Principal Securities Inc. lifted its holdings in PennyMac Mortgage Investment Trust by 2,042.9% during the 4th quarter.
Principal Securities Inc. now owns 2,400 shares of the real estate investment trust’s stock worth $30,000 after purchasing an additional 2,288 shares in the last quarter. Finally, Allworth Financial LP bought a new position in PennyMac Mortgage Investment Trust in the 4th quarter worth about $39,000.
67.38% of the stock is currently owned by hedge funds and other institutional investors. Insider Buying and Selling In other PennyMac Mortgage Investment Trust news, Director Doug Jones sold 14,530 shares of the company’s stock in a transaction that occurred on Wednesday, March 5th.
The stock was sold at an average price of $14.50, for a total value of $210,685.00.
Following the completion of the sale, the director now owns 64,082 shares of the company’s stock, valued at $929,189. This represents a 18.48 % decrease in their ownership of the stock.
The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website . 0.89% of the stock is owned by company insiders.
Wall Street Analysts Forecast Growth Read Our Latest Analysis on PMT PennyMac Mortgage Investment Trust Stock Performance Shares of PMT opened at $12.99 on Friday. PennyMac Mortgage Investment Trust has a 12-month low of $11.
77 and a 12-month high of $15.22. The company has a current ratio of 0.
41, a quick ratio of 0.41 and a debt-to-equity ratio of 0.43.
The company has a market cap of $1.13 billion, a PE ratio of 9.76 and a beta of 1.
17. The stock has a 50-day moving average price of $14.02 and a 200-day moving average price of $13.
55. PennyMac Mortgage Investment Trust ( NYSE:PMT – Get Free Report ) last announced its earnings results on Thursday, January 30th. The real estate investment trust reported $0.
41 earnings per share for the quarter, beating analysts’ consensus estimates of $0.37 by $0.04.
PennyMac Mortgage Investment Trust had a net margin of 48.17% and a return on equity of 11.48%.
As a group, equities analysts forecast that PennyMac Mortgage Investment Trust will post 1.54 earnings per share for the current fiscal year. PennyMac Mortgage Investment Trust Announces Dividend The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th.
Stockholders of record on Friday, April 11th will be issued a dividend of $0.40 per share. This represents a $1.
60 dividend on an annualized basis and a dividend yield of 12.32%. The ex-dividend date is Friday, April 11th.
PennyMac Mortgage Investment Trust’s dividend payout ratio is currently 120.30%. PennyMac Mortgage Investment Trust Company Profile ( Free Report ) PennyMac Mortgage Investment Trust, through its subsidiary, primarily invests in mortgage-related assets in the United States.
The company operates through: Credit Sensitive Strategies, Interest Rate Sensitive Strategies, Correspondent Production segments. Its Credit Sensitive Strategies segment invests in credit risk transfer (CRT) agreements, CRT securities, subordinate mortgage-backed securities (MBS), distressed loans, and real estate. Read More Want to see what other hedge funds are holding PMT? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for PennyMac Mortgage Investment Trust ( NYSE:PMT – Free Report ). Receive News & Ratings for PennyMac Mortgage Investment Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PennyMac Mortgage Investment Trust and related companies with MarketBeat.com's FREE daily email newsletter .
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