Kingstone Capital Partners Texas LLC Purchases Shares of 884,799 Claros Mortgage Trust, Inc. $CMTG

Key Points

• Kingstone Capital Partners Texas LLC has acquired 884,799 shares of Claros Mortgage Trust, valued at approximately $2.52 million, representing about 0.63% ownership in the company.
• Claros Mortgage Trust has seen a variety of hedge fund activities, with notable positions acquired by Koch Inc., Charles Schwab Investment Management, and Algert Global LLC in recent quarters.
• Analysts have adjusted Claros Mortgage Trust's price target from $2.75 to $3.00, maintaining an "underperform" rating, while the stock recently opened at $3.76 and has a market cap of approximately $525.73 million.

Kingstone Capital Partners Texas LLC purchased a new position in Claros Mortgage Trust, Inc. (NYSE:CMTG - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 884,799 shares of the company's stock, valued at approximately $2,522,000. Kingstone Capital Partners Texas LLC owned 0.63% of Claros Mortgage Trust at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in CMTG. Ameriprise Financial Inc. boosted its holdings in Claros Mortgage Trust by 118.3% during the fourth quarter. Ameriprise Financial Inc. now owns 93,000 shares of the company's stock worth $420,000 after purchasing an additional 50,400 shares during the last quarter. BNP Paribas Financial Markets purchased a new stake in shares of Claros Mortgage Trust in the fourth quarter worth $46,000. Bank of America Corp DE boosted its holdings in Claros Mortgage Trust by 72.7% during the 4th quarter. Bank of America Corp DE now owns 90,751 shares of the company's stock valued at $410,000 after acquiring an additional 38,197 shares during the period. Deutsche Bank AG increased its position in shares of Claros Mortgage Trust by 51.3% during the fourth quarter. Deutsche Bank AG now owns 82,198 shares of the company's stock valued at $372,000 after buying an additional 27,856 shares during the period. Finally, Millennium Management LLC increased its stake in shares of Claros Mortgage Trust by 38.4% in the 4th quarter. Millennium Management LLC now owns 135,388 shares of the company's stock worth $612,000 after acquiring an additional 37,548 shares in the last quarter. 89.53% of the stock is currently owned by institutional investors and hedge funds.

Claros Mortgage Trust Trading Down 0.5%

Shares of Claros Mortgage Trust stock traded down $0.02 during trading hours on Monday, reaching $3.73. The stock had a trading volume of 620,473 shares, compared to its average volume of 674,476. The stock's 50 day moving average is $3.41 and its 200 day moving average is $3.10. Claros Mortgage Trust, Inc. has a twelve month low of $2.13 and a twelve month high of $8.09. The company has a current ratio of 30.23, a quick ratio of 30.23 and a debt-to-equity ratio of 1.92.

Analysts Set New Price Targets

Separately, Keefe, Bruyette & Woods increased their price objective on shares of Claros Mortgage Trust from $2.75 to $3.00 and gave the company an "underperform" rating in a research report on Tuesday, August 12th. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Reduce" and an average price target of $4.13.

Claros Mortgage Trust Company Profile

Claros Mortgage Trust, Inc operates as a real estate investment trust. It focuses on originating senior and subordinate loans on transitional commercial real estate assets in the United States. The company has elected to be taxed as a real estate investment trust. As a result, it would not be subject to corporate income tax on that portion of its net income that is distributed to shareholders.