Optimize Financial Inc Makes New Investment in PennyMac Mortgage Investment Trust (NYSE:PMT)

Optimize Financial Inc acquired a new position in shares of PennyMac Mortgage Investment Trust (NYSE:PMT - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 24,301 shares of the real estate investment trust's stock, valued at approximately $306,000.

Other institutional investors have also made changes to their positions in the company. Wilmington Savings Fund Society FSB bought a new position in shares of PennyMac Mortgage Investment Trust in the 3rd quarter valued at approximately $28,000. Rialto Wealth Management LLC acquired a new stake in PennyMac Mortgage Investment Trust in the fourth quarter worth about $25,000. Versant Capital Management Inc grew its position in shares of PennyMac Mortgage Investment Trust by 58.0% during the 4th quarter. Versant Capital Management Inc now owns 2,240 shares of the real estate investment trust's stock worth $28,000 after buying an additional 822 shares during the period. Principal Securities Inc. raised its stake 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 buying an additional 2,288 shares during the last quarter. Finally, New Age Alpha Advisors LLC bought a new position in PennyMac Mortgage Investment Trust in the fourth quarter valued at approximately $36,000. 67.38% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at PennyMac Mortgage Investment Trust

In related news, Director Doug Jones sold 14,530 shares of the company'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 sale, the director now owns 64,082 shares in the company, valued at approximately $929,189. This represents a 18.48 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.89% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. UBS Group reduced their price target on PennyMac Mortgage Investment Trust from $13.25 to $13.00 and set a "neutral" rating on the stock in a research report on Wednesday. JMP Securities reaffirmed 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. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $14.83.

PennyMac Mortgage Investment Trust Stock Up 2.3 %

PMT stock traded up $0.30 during mid-day trading on Friday, hitting $12.99. 719,979 shares of the company were exchanged, compared to its average volume of 797,996. The firm has a market cap of $1.13 billion, a P/E ratio of 9.76 and a beta of 1.17. PennyMac Mortgage Investment Trust has a 1-year low of $11.77 and a 1-year high of $15.22. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.41 and a current ratio of 0.41. The firm's 50 day simple moving average is $14.02 and its 200 day simple moving average is $13.55.

PennyMac Mortgage Investment Trust (NYSE:PMT - Get Free Report) last released its earnings results on Thursday, January 30th. The real estate investment trust reported $0.41 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.37 by $0.04. PennyMac Mortgage Investment Trust had a return on equity of 11.48% and a net margin of 48.17%. On average, sell-side analysts predict that PennyMac Mortgage Investment Trust will post 1.54 EPS for the current fiscal year.

PennyMac Mortgage Investment Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Friday, April 11th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Friday, April 11th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 12.32%. PennyMac Mortgage Investment Trust's dividend payout ratio (DPR) is presently 120.30%.

PennyMac Mortgage Investment Trust 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.