Collar Capital Management LLC Invests $1.02 Million in PennyMac Mortgage Investment Trust (NYSE:PMT)

Collar Capital Management LLC bought a new position in PennyMac Mortgage Investment Trust (NYSE:PMT - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 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 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in PMT. Rialto Wealth Management LLC purchased a new position in shares of PennyMac Mortgage Investment Trust during the fourth quarter worth approximately $25,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of PennyMac Mortgage Investment Trust during the third quarter worth $28,000. Versant Capital Management Inc raised its holdings in shares of PennyMac Mortgage Investment Trust by 58.0% during the fourth quarter. Versant Capital Management Inc now owns 2,240 shares of the real estate investment trust's stock worth $28,000 after purchasing an additional 822 shares during the last quarter. Principal Securities Inc. raised its holdings in shares of 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 purchasing an additional 2,288 shares during the last quarter. Finally, New Age Alpha Advisors LLC purchased a new position in shares of PennyMac Mortgage Investment Trust during the fourth quarter worth $36,000. Institutional investors own 67.38% of the company's stock.

Wall Street Analyst Weigh In

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

PennyMac Mortgage Investment Trust Stock Up 1.1%

Shares of NYSE PMT traded up $0.15 during mid-day trading on Monday, reaching $12.89. The company had a trading volume of 238,573 shares, compared to its average volume of 823,997. The stock has a market cap of $1.12 billion, a P/E ratio of 9.70 and a beta of 1.32. The firm has a 50 day simple moving average of $13.58 and a two-hundred day simple moving average of $13.39. The company has a current ratio of 0.41, a quick ratio of 0.41 and a debt-to-equity ratio of 0.43. PennyMac Mortgage Investment Trust has a 52-week low of $11.77 and a 52-week high of $15.22.

PennyMac Mortgage Investment Trust (NYSE:PMT - Get Free Report) last released its earnings results on Tuesday, April 22nd. The real estate investment trust reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.38 by ($0.39). PennyMac Mortgage Investment Trust had a return on equity of 11.48% and a net margin of 48.17%. The firm had revenue of $44.47 million during the quarter, compared to analyst estimates of $94.36 million. During the same quarter last year, the business posted $0.39 EPS. Sell-side 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 declared a quarterly dividend, which was paid on Friday, April 25th. Stockholders of record on Friday, April 11th were issued a dividend of $0.40 per share. The ex-dividend date was Friday, April 11th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 12.42%. PennyMac Mortgage Investment Trust's dividend payout ratio (DPR) is presently 172.04%.

Insider Buying and Selling

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

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.