PennyMac Mortgage Investment Trust (PMT) Insider David Spector Sells 18,750 Shares

PennyMac Mortgage Investment Trust (NYSE:PMT) insider David Spector sold 18,750 shares of the business’s stock in a transaction on Wednesday, October 11th. The shares were sold at an average price of $17.39, for a total transaction of $326,062.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

David Spector also recently made the following trade(s):

  • On Wednesday, October 4th, David Spector sold 18,750 shares of PennyMac Mortgage Investment Trust stock. The shares were sold at an average price of $17.61, for a total transaction of $330,187.50.
  • On Wednesday, September 27th, David Spector sold 18,750 shares of PennyMac Mortgage Investment Trust stock. The shares were sold at an average price of $17.40, for a total transaction of $326,250.00.

PennyMac Mortgage Investment Trust (NYSE:PMT) last announced its earnings results on Thursday, August 3rd. The real estate investment trust reported $0.38 earnings per share for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.05). The business had revenue of $83.96 million during the quarter, compared to the consensus estimate of $80.12 million. PennyMac Mortgage Investment Trust had a return on equity of 8.67% and a net margin of 37.97%. PennyMac Mortgage Investment Trust’s revenue was up 76.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.08) earnings per share.

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 30th. Shareholders of record on Friday, October 13th will be paid a $0.47 dividend. The ex-dividend date of this dividend is Thursday, October 12th. This represents a $1.88 dividend on an annualized basis and a yield of 11.08%. PennyMac Mortgage Investment Trust’s dividend payout ratio is currently 109.94%.

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Several research analysts recently issued reports on the stock. BidaskClub upgraded shares of PennyMac Mortgage Investment Trust from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, July 5th. Zacks Investment Research raised PennyMac Mortgage Investment Trust from a “strong sell” rating to a “hold” rating in a report on Wednesday, July 26th. Finally, Keefe, Bruyette & Woods cut PennyMac Mortgage Investment Trust from an “outperform” rating to a “market perform” rating and dropped their price objective for the stock from $19.00 to $18.00 in a report on Tuesday. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. PennyMac Mortgage Investment Trust currently has a consensus rating of “Hold” and a consensus target price of $17.00.

Institutional investors have recently made changes to their positions in the company. Ameritas Investment Partners Inc. bought a new position in shares of PennyMac Mortgage Investment Trust during the 1st quarter valued at about $104,000. Public Employees Retirement System of Ohio increased its position in shares of PennyMac Mortgage Investment Trust by 4.4% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 7,207 shares of the real estate investment trust’s stock valued at $132,000 after purchasing an additional 304 shares during the last quarter. Campbell & CO Investment Adviser LLC bought a new position in shares of PennyMac Mortgage Investment Trust during the 2nd quarter valued at about $184,000. Jane Street Group LLC bought a new position in shares of PennyMac Mortgage Investment Trust during the 1st quarter valued at about $190,000. Finally, M&T Bank Corp increased its position in shares of PennyMac Mortgage Investment Trust by 4.8% during the 2nd quarter. M&T Bank Corp now owns 10,900 shares of the real estate investment trust’s stock valued at $200,000 after purchasing an additional 500 shares during the last quarter. Hedge funds and other institutional investors own 62.48% of the company’s stock.

PennyMac Mortgage Investment Trust Company Profile

PennyMac Mortgage Investment Trust is a specialty finance company that invests primarily in residential mortgage loans and mortgage-related assets. The Company conducts all of its operations, and makes all of its investments, through PennyMac Operating Partnership, L.P. (its Operating Partnership) and its subsidiaries.

Insider Buying and Selling by Quarter for PennyMac Mortgage Investment Trust (NYSE:PMT)

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