Collar Capital Management LLC Takes Position in PennyMac Mortgage Investment Trust (NYSE:PMT)

Collar Capital Management LLC acquired a new position in shares of PennyMac Mortgage Investment Trust (NYSE:PMT - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 81,065 shares of the real estate investment trust's stock, valued at approximately $1,021,000. Collar Capital Management LLC owned about 0.09% of PennyMac Mortgage Investment Trust as of its most recent filing with the SEC.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Rialto Wealth Management LLC acquired a new stake in PennyMac Mortgage Investment Trust in the fourth quarter valued at $25,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of PennyMac Mortgage Investment Trust during the third quarter worth about $28,000. Versant Capital Management Inc grew its stake in PennyMac Mortgage Investment Trust by 58.0% in the 4th quarter. Versant Capital Management Inc now owns 2,240 shares of the real estate investment trust's stock worth $28,000 after acquiring an additional 822 shares during the period. Principal Securities Inc. lifted its position in PennyMac Mortgage Investment Trust by 2,042.9% during the fourth quarter. Principal Securities Inc. now owns 2,400 shares of the real estate investment trust's stock worth $30,000 after buying an additional 2,288 shares during the period. Finally, New Age Alpha Advisors LLC purchased a new position in shares of PennyMac Mortgage Investment Trust during the 4th quarter worth about $36,000. Institutional investors and hedge funds own 67.38% of the company's stock.

Insider Buying and Selling at PennyMac Mortgage Investment Trust

In related news, Director Doug Jones sold 14,530 shares of the business's stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $14.50, for a total value of $210,685.00. Following the sale, the director now directly owns 64,082 shares in the company, valued at $929,189. The trade was a 18.48 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Catherine A. Lynch bought 2,878 shares of PennyMac Mortgage Investment Trust stock in a transaction that occurred on Thursday, April 24th. The shares were acquired at an average price of $12.15 per share, with a total value of $34,967.70. Following the completion of the acquisition, the director now directly owns 49,254 shares of the company's stock, valued at $598,436.10. This represents a 6.21 % increase in their position. The disclosure for this purchase can be found here. 0.89% of the stock is currently owned by corporate insiders.

PennyMac Mortgage Investment Trust Stock Performance

PMT opened at $12.64 on Wednesday. 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 business's 50 day moving average is $13.69 and its 200-day moving average is $13.41. The stock has a market cap of $1.10 billion, a PE ratio of 9.50 and a beta of 1.32. PennyMac Mortgage Investment Trust has a twelve month low of $11.77 and a twelve month high of $15.22.

PennyMac Mortgage Investment Trust (NYSE:PMT - Get Free Report) last issued its quarterly earnings results on Tuesday, April 22nd. The real estate investment trust reported ($0.01) EPS for the quarter, missing analysts' consensus estimates of $0.38 by ($0.39). The business had revenue of $44.47 million for the quarter, compared to analyst estimates of $94.36 million. PennyMac Mortgage Investment Trust had a net margin of 48.17% and a return on equity of 11.48%. During the same period last year, the business posted $0.39 earnings per share. On average, analysts predict that PennyMac Mortgage Investment Trust will post 1.54 earnings per share for the current year.

PennyMac Mortgage Investment Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, April 25th. Investors of record on Friday, April 11th were issued a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, April 11th. This represents a $1.60 annualized dividend and a yield of 12.66%. PennyMac Mortgage Investment Trust's payout ratio is 172.04%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Jones Trading reaffirmed a "hold" rating on shares of PennyMac Mortgage Investment Trust in a research report on Thursday, April 24th. JMP Securities reiterated a "market outperform" rating and set a $15.50 price objective on shares of PennyMac Mortgage Investment Trust in a research note on Thursday, January 23rd. UBS Group reduced their target price on PennyMac Mortgage Investment Trust from $13.25 to $13.00 and set a "neutral" rating on the stock in a report on Wednesday, April 16th. Wells Fargo & Company lowered their price target on PennyMac Mortgage Investment Trust from $14.00 to $13.00 and set an "equal weight" rating for the company in a report on Friday, May 2nd. Finally, Keefe, Bruyette & Woods reduced their price objective on PennyMac Mortgage Investment Trust from $15.50 to $14.50 and set an "outperform" rating on the stock in a research note on Thursday, April 24th. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $14.50.

PennyMac Mortgage Investment Trust Company Profile

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.

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