Marianne Sullivan Acquires 3,015 Shares of PennyMac Mortgage Investment Trust (PMT) Stock

Share on StockTwits

PennyMac Mortgage Investment Trust (NYSE:PMT) Director Marianne Sullivan acquired 3,015 shares of the firm’s stock in a transaction dated Friday, August 31st. The shares were purchased at an average price of $19.95 per share, with a total value of $60,149.25. The purchase was disclosed in a filing with the SEC, which is accessible through this link.

NYSE PMT opened at $20.18 on Thursday. The company has a market cap of $1.22 billion, a PE ratio of 14.91 and a beta of 0.41. PennyMac Mortgage Investment Trust has a 52 week low of $14.87 and a 52 week high of $20.20. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.50.

PennyMac Mortgage Investment Trust (NYSE:PMT) last released its quarterly earnings data on Thursday, August 2nd. The real estate investment trust reported $0.47 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.37 by $0.10. The firm had revenue of $82.99 million during the quarter, compared to the consensus estimate of $70.85 million. PennyMac Mortgage Investment Trust had a return on equity of 8.37% and a net margin of 36.14%. During the same quarter in the previous year, the company posted $0.38 earnings per share. equities analysts anticipate that PennyMac Mortgage Investment Trust will post 1.49 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in PMT. GSA Capital Partners LLP purchased a new position in shares of PennyMac Mortgage Investment Trust during the first quarter valued at approximately $192,000. Element Capital Management LLC purchased a new position in shares of PennyMac Mortgage Investment Trust during the first quarter valued at approximately $200,000. Profund Advisors LLC purchased a new position in shares of PennyMac Mortgage Investment Trust during the first quarter valued at approximately $201,000. Fox Run Management L.L.C. purchased a new position in shares of PennyMac Mortgage Investment Trust during the second quarter valued at approximately $208,000. Finally, Centaurus Financial Inc. purchased a new position in shares of PennyMac Mortgage Investment Trust during the second quarter valued at approximately $220,000. Hedge funds and other institutional investors own 67.10% of the company’s stock.

Several equities research analysts have recently commented on PMT shares. Zacks Investment Research upgraded PennyMac Mortgage Investment Trust from a “hold” rating to a “buy” rating and set a $21.00 price objective for the company in a report on Saturday, May 12th. Barclays boosted their price objective on PennyMac Mortgage Investment Trust from $15.00 to $18.00 and gave the company an “equal weight” rating in a report on Wednesday, July 25th.

About PennyMac Mortgage Investment Trust

PennyMac Mortgage Investment Trust, a specialty finance company, invests primarily in residential mortgage loans and mortgage-related assets in the United States. The company's Correspondent Production segment engages in purchasing, pooling, and reselling newly originated prime credit mortgage loans directly or in the form of mortgage-backed securities (MBS).

Recommended Story: Trading Strategy Methods for Individual Investors

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

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.

Leave a Reply