Insider Buying: Claros Mortgage Trust (NYSE:CMTG) CEO Buys 20,603 Shares of Stock

Key Points

• CEO Richard Mack bought 20,603 Claros Mortgage Trust shares at an average $1.59 per share, investing $32,758.77. The purchase followed a 200,000-share acquisition the previous day, bringing his holdings to 3.11 million shares.
• CMTG shares fell 4.6% to $1.54, near their one-year low of $1.44, after the company reported a quarterly loss of $0.63 per share—well below the $0.25 consensus estimate—and weaker-than-expected revenue.
• Analyst sentiment remains bearish: the stock has an average “Strong Sell” rating, with three Sell ratings and one Hold rating, while the consensus price target stands at $2.22.

Claros Mortgage Trust, Inc. (NYSE:CMTG - Get Free Report) CEO Richard Mack acquired 20,603 shares of the stock in a transaction that occurred on Friday, September 4th. The stock was purchased at an average price of $1.59 per share, with a total value of $32,758.77. Following the transaction, the chief executive officer owned 3,110,911 shares in the company, valued at $4,946,348.49. This represents a 0.67% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Richard Mack also recently made the following trade(s):

• On Thursday, September 3rd, Richard Mack bought 200,000 shares of Claros Mortgage Trust stock. The shares were acquired at an average price of $1.59 per share, for a total transaction of $318,000.00.

Claros Mortgage Trust Trading Down 4.6%

NYSE:CMTG traded down $0.07 on Tuesday, reaching $1.54. The company's stock had a trading volume of 263,435 shares, compared to its average volume of 577,886. Claros Mortgage Trust, Inc. has a 1-year low of $1.44 and a 1-year high of $3.99. The company has a debt-to-equity ratio of 1.81, a quick ratio of 21.44 and a current ratio of 21.44. The firm has a market cap of $217.97 million, a PE ratio of -0.40 and a beta of 1.14. The business's 50-day moving average price is $1.96 and its two-hundred day moving average price is $2.26.

Claros Mortgage Trust (NYSE:CMTG - Get Free Report) last released its quarterly earnings results on Wednesday, July 29th. The company reported ($0.63) EPS for the quarter, missing analysts' consensus estimates of ($0.25) by ($0.38). Claros Mortgage Trust had a negative return on equity of 19.70% and a negative net margin of 354.13%.The business had revenue of $30.00 million for the quarter, compared to analyst estimates of $33.55 million. Equities research analysts anticipate that Claros Mortgage Trust, Inc. will post -2.67 earnings per share for the current fiscal year.

Analysts Set New Price Targets

CMTG has been the topic of a number of research reports. Wells Fargo & Company cut their price target on shares of Claros Mortgage Trust from $2.50 to $1.75 and set an "underweight" rating on the stock in a research note on Wednesday, August 5th. Weiss Ratings downgraded shares of Claros Mortgage Trust from a "sell (d-)" rating to a "sell (e+)" rating in a research report on Monday, August 3rd. Keefe, Bruyette & Woods dropped their price objective on shares of Claros Mortgage Trust from $2.50 to $2.15 and set an "underperform" rating on the stock in a report on Tuesday, August 4th. UBS Group assumed coverage on shares of Claros Mortgage Trust in a research report on Thursday, July 16th. They issued a "neutral" rating and a $2.75 price objective on the stock. Finally, Wall Street Zen lowered shares of Claros Mortgage Trust from a "hold" rating to a "strong sell" rating in a research note on Saturday, August 1st. One investment analyst has rated the stock with a Hold rating and three have given a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Strong Sell" and a consensus price target of $2.22.

Institutional Trading of Claros Mortgage Trust

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. BNP Paribas Financial Markets boosted its position in Claros Mortgage Trust by 75.8% during the second quarter. BNP Paribas Financial Markets now owns 8,938 shares of the company's stock valued at $25,000 after purchasing an additional 3,854 shares during the last quarter. Focus Partners Wealth acquired a new position in shares of Claros Mortgage Trust during the 3rd quarter worth approximately $34,000. Hsbc Holdings PLC acquired a new position in shares of Claros Mortgage Trust during the 1st quarter worth approximately $37,000. Mariner LLC acquired a new position in shares of Claros Mortgage Trust during the 4th quarter worth approximately $38,000. Finally, Jump Financial LLC bought a new stake in shares of Claros Mortgage Trust during the 2nd quarter worth approximately $44,000. Institutional investors and hedge funds own 89.53% of the company's stock.

Claros Mortgage Trust Company Profile

Claros Mortgage Trust is a specialty finance company structured as a real estate investment trust that acquires and manages a portfolio of newly originated, conventional residential mortgage loans guaranteed or insured by U.S. government‐sponsored enterprises. The company concentrates on Agency collateral, including loans backed by Ginnie Mae, Fannie Mae and Freddie Mac, aiming to generate current income while preserving capital through high‐quality, credit‐enhanced assets.

Under an external management agreement with Claros Mortgage Capital Advisors LLC, the firm leverages a seasoned team to source, underwrite and service mortgage assets.

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