Jump Financial LLC Buys Shares of 94,400 PennyMac Mortgage Investment Trust $PMT

Key Points

• Jump Financial LLC has invested approximately $1.38 million in PennyMac Mortgage Investment Trust by acquiring 94,400 shares, representing about 0.11% of the company's stock.
• PennyMac Mortgage Investment Trust reported a loss of ($0.04) EPS for the most recent quarter, significantly missing analysts' expectations of $0.35 EPS, with revenues also falling short at $70.20 million.
• The company's recent quarterly dividend of $0.40 per share translates to an annualized yield of 13.2%, despite a high dividend payout ratio of 222.22%.

Jump Financial LLC purchased a new stake in PennyMac Mortgage Investment Trust (NYSE:PMT - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 94,400 shares of the real estate investment trust's stock, valued at approximately $1,383,000. Jump Financial LLC owned about 0.11% of PennyMac Mortgage Investment Trust at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in PennyMac Mortgage Investment Trust by 0.3% in the first quarter. Vanguard Group Inc. now owns 9,623,312 shares of the real estate investment trust's stock valued at $140,982,000 after acquiring an additional 30,334 shares during the last quarter. Deutsche Bank AG raised its holdings in shares of PennyMac Mortgage Investment Trust by 44.5% in the fourth quarter. Deutsche Bank AG now owns 77,555 shares of the real estate investment trust's stock valued at $976,000 after buying an additional 23,874 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of PennyMac Mortgage Investment Trust in the fourth quarter valued at about $1,300,000. Northern Trust Corp raised its holdings in shares of PennyMac Mortgage Investment Trust by 28.6% in the fourth quarter. Northern Trust Corp now owns 1,145,336 shares of the real estate investment trust's stock valued at $14,420,000 after buying an additional 254,581 shares during the last quarter. Finally, GAMMA Investing LLC raised its holdings in shares of PennyMac Mortgage Investment Trust by 4,354.2% in the first quarter. GAMMA Investing LLC now owns 29,754 shares of the real estate investment trust's stock valued at $436,000 after buying an additional 29,086 shares during the last quarter. 67.38% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on PMT. Keefe, Bruyette & Woods cut shares of PennyMac Mortgage Investment Trust from an "outperform" rating to a "market perform" rating and reduced their target price for the company from $14.50 to $13.50 in a report on Friday, July 25th. Wells Fargo & Company began coverage on shares of PennyMac Mortgage Investment Trust in a report on Monday, August 25th. They issued an "equal weight" rating and a $13.00 target price for the company. One equities research analyst has rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $14.00.

PennyMac Mortgage Investment Trust Stock Performance

PMT traded up $0.15 during trading on Friday, reaching $12.33. The company's stock had a trading volume of 534,207 shares, compared to its average volume of 636,790. PennyMac Mortgage Investment Trust has a 52-week low of $11.70 and a 52-week high of $14.93. The company's fifty day moving average price is $12.46 and its 200-day moving average price is $13.02. The company has a market capitalization of $1.07 billion, a price-to-earnings ratio of 17.12, a price-to-earnings-growth ratio of 3.01 and a beta of 1.30. The company has a debt-to-equity ratio of 3.82, a quick ratio of 0.80 and a current ratio of 0.80.

PennyMac Mortgage Investment Trust (NYSE:PMT - Get Free Report) last announced its quarterly earnings data on Tuesday, July 22nd. The real estate investment trust reported ($0.04) earnings per share for the quarter, missing analysts' consensus estimates of $0.35 by ($0.39). PennyMac Mortgage Investment Trust had a net margin of 34.65% and a return on equity of 7.68%. The business had revenue of $70.20 million during the quarter, compared to analysts' expectations of $95.46 million. On average, equities analysts forecast that PennyMac Mortgage Investment Trust will post 1.54 earnings per share for the current fiscal year.

PennyMac Mortgage Investment Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 25th. Shareholders of record on Friday, July 11th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 13.0%. The ex-dividend date of this dividend was Friday, July 11th. PennyMac Mortgage Investment Trust's payout ratio is currently 222.22%.

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.