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 PennyMac Mortgage Investment Trust stock in a transaction on Wednesday, October 18th. The stock was sold at an average price of $16.91, for a total transaction of $317,062.50. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

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

  • On Wednesday, October 11th, David Spector sold 18,750 shares of PennyMac Mortgage Investment Trust stock. The stock was sold at an average price of $17.39, for a total transaction of $326,062.50.
  • On Wednesday, October 4th, David Spector sold 18,750 shares of PennyMac Mortgage Investment Trust stock. The stock was 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 stock was sold at an average price of $17.40, for a total transaction of $326,250.00.

PennyMac Mortgage Investment Trust (PMT) traded down 0.06% on Friday, hitting $16.92. 192,159 shares of the company were exchanged. PennyMac Mortgage Investment Trust has a 52 week low of $14.71 and a 52 week high of $18.46. The firm’s 50 day moving average is $17.14 and its 200 day moving average is $17.57. The company has a market capitalization of $1.13 billion, a P/E ratio of 10.11 and a beta of 0.49.

PennyMac Mortgage Investment Trust (NYSE:PMT) last released its quarterly earnings results on Thursday, August 3rd. The real estate investment trust reported $0.38 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.43 by ($0.05). The firm had revenue of $83.96 million for the quarter, compared to analyst estimates of $80.12 million. PennyMac Mortgage Investment Trust had a net margin of 37.97% and a return on equity of 8.67%. The firm’s quarterly revenue was up 76.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.08) EPS. On average, equities research analysts forecast that PennyMac Mortgage Investment Trust will post $1.60 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, October 30th. Investors of record on Friday, October 13th will be given a dividend of $0.47 per share. The ex-dividend date is Thursday, October 12th. This represents a $1.88 annualized dividend and a yield of 11.10%. PennyMac Mortgage Investment Trust’s dividend payout ratio is presently 109.94%.

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Several research analysts have recently weighed in on PMT shares. Zacks Investment Research cut shares of PennyMac Mortgage Investment Trust from a “hold” rating to a “sell” rating in a research note on Wednesday, August 30th. BidaskClub cut shares of PennyMac Mortgage Investment Trust from a “buy” rating to a “hold” rating in a research note on Monday, July 24th. Finally, Keefe, Bruyette & Woods cut shares of PennyMac Mortgage Investment Trust from an “outperform” rating to a “market perform” rating and dropped their price target for the stock from $19.00 to $18.00 in a research note on Tuesday, October 10th. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $17.00.

Institutional investors and hedge funds have recently bought and sold shares of the business. Ameritas Investment Partners Inc. purchased a new position in PennyMac Mortgage Investment Trust during the first quarter valued at $104,000. Public Employees Retirement System of Ohio lifted its holdings in PennyMac Mortgage Investment Trust by 4.4% during the second 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 in the last quarter. Campbell & CO Investment Adviser LLC purchased a new position in PennyMac Mortgage Investment Trust during the second quarter valued at $184,000. Jane Street Group LLC purchased a new position in PennyMac Mortgage Investment Trust during the first quarter valued at $190,000. Finally, M&T Bank Corp lifted its holdings in PennyMac Mortgage Investment Trust by 4.8% during the second 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 in the last quarter. 62.48% of the stock is currently owned by institutional investors and hedge funds.

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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