PennyMac Mortgage Investment Trust (NYSE:PMT) Position Cut by Centaurus Financial Inc.

Centaurus Financial Inc. decreased its stake in shares of PennyMac Mortgage Investment Trust (NYSE:PMT - Free Report) by 21.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 88,538 shares of the real estate investment trust's stock after selling 24,036 shares during the quarter. Centaurus Financial Inc. owned approximately 0.10% of PennyMac Mortgage Investment Trust worth $1,115,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of PMT. Rialto Wealth Management LLC purchased a new stake in PennyMac Mortgage Investment Trust during the 4th quarter worth about $25,000. Principal Securities Inc. increased its holdings in PennyMac Mortgage Investment Trust by 2,042.9% during the 4th 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 period. New Age Alpha Advisors LLC purchased a new position in shares of PennyMac Mortgage Investment Trust in the 4th quarter valued at about $36,000. Allworth Financial LP purchased a new position in shares of PennyMac Mortgage Investment Trust in the 4th quarter valued at about $39,000. Finally, Sandy Spring Bank purchased a new position in shares of PennyMac Mortgage Investment Trust in the 4th quarter valued at about $49,000. Hedge funds and other institutional investors own 67.38% of the company's stock.

PennyMac Mortgage Investment Trust Price Performance

Shares of PMT traded down $0.04 during mid-day trading on Friday, hitting $12.30. The company's stock had a trading volume of 621,072 shares, compared to its average volume of 794,618. 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 firm has a 50-day simple moving average of $13.00 and a 200 day simple moving average of $13.30. The firm has a market capitalization of $1.07 billion, a P/E ratio of 9.25 and a beta of 1.32. PennyMac Mortgage Investment Trust has a 1-year low of $11.77 and a 1-year high of $14.98.

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

PennyMac Mortgage Investment Trust Announces Dividend

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 $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 13.01%. The ex-dividend date of this dividend was Friday, April 11th. PennyMac Mortgage Investment Trust's payout ratio is currently 172.04%.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Jones Trading reiterated a "hold" rating on shares of PennyMac Mortgage Investment Trust in a report on Thursday, April 24th. UBS Group dropped their price objective 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. Keefe, Bruyette & Woods decreased their target price on PennyMac Mortgage Investment Trust from $15.50 to $14.50 and set an "outperform" rating for the company in a research report on Thursday, April 24th. Finally, Wells Fargo & Company decreased their target price on PennyMac Mortgage Investment Trust from $14.00 to $13.00 and set an "equal weight" rating for the company in a research report on Friday, May 2nd. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $14.50.

Insider Activity at PennyMac Mortgage Investment Trust

In other PennyMac Mortgage Investment Trust news, Director Doug Jones sold 14,530 shares of the business's stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $14.50, for a total transaction of $210,685.00. Following the transaction, the director now owns 64,082 shares in the company, valued at $929,189. The trade was a 18.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Catherine A. Lynch acquired 2,878 shares of PennyMac Mortgage Investment Trust stock in a transaction on Thursday, April 24th. The shares were bought at an average price of $12.15 per share, for a total transaction of $34,967.70. Following the purchase, the director now owns 49,254 shares of the company's stock, valued at $598,436.10. This represents a 6.21% increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.92% of the stock is owned by insiders.

About PennyMac Mortgage Investment Trust

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.