Renaissance Technologies LLC Takes $2.14 Million Position in PennyMac Mortgage Investment Trust (NYSE:PMT)

Renaissance Technologies LLC purchased a new position in shares of PennyMac Mortgage Investment Trust (NYSE:PMT - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 169,900 shares of the real estate investment trust's stock, valued at approximately $2,139,000. Renaissance Technologies LLC owned 0.20% of PennyMac Mortgage Investment Trust as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in PMT. Rialto Wealth Management LLC bought a new position in PennyMac Mortgage Investment Trust during the fourth quarter worth $25,000. Wilmington Savings Fund Society FSB bought a new position in PennyMac Mortgage Investment Trust in the 3rd quarter worth approximately $28,000. Versant Capital Management Inc grew its holdings in 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 acquiring an additional 822 shares during the period. Principal Securities Inc. grew 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 acquiring an additional 2,288 shares during the period. Finally, New Age Alpha Advisors LLC acquired a new position in shares of PennyMac Mortgage Investment Trust in the 4th quarter valued at $36,000. 67.38% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. UBS Group cut their price target on shares of PennyMac Mortgage Investment Trust from $13.25 to $13.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 16th. Keefe, Bruyette & Woods dropped their price objective 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. Jones Trading reissued a "hold" rating on shares of PennyMac Mortgage Investment Trust in a research note on Thursday, April 24th. Finally, JMP Securities restated a "market outperform" rating and set a $15.50 price target on shares of PennyMac Mortgage Investment Trust in a research note on Thursday, January 23rd. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $14.75.

Insider Activity at PennyMac Mortgage Investment Trust

In other news, Director Catherine A. Lynch acquired 2,878 shares of the business's stock in a transaction dated Thursday, April 24th. The stock was acquired at an average price of $12.15 per share, for a total transaction of $34,967.70. Following the completion of the acquisition, the director now directly owns 49,254 shares in the company, valued at $598,436.10. This represents a 6.21 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. Also, Director Doug Jones sold 14,530 shares of PennyMac Mortgage Investment Trust stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $14.50, for a total transaction of $210,685.00. Following the completion of the transaction, the director now directly owns 64,082 shares in the company, valued at approximately $929,189. This trade represents a 18.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.89% of the stock is currently owned by insiders.

PennyMac Mortgage Investment Trust Stock Up 0.3 %

Shares of PMT stock traded up $0.04 on Thursday, hitting $12.88. The stock had a trading volume of 127,484 shares, compared to its average volume of 820,661. The company has a market cap of $1.12 billion, a PE ratio of 9.65 and a beta of 1.17. The company has a quick ratio of 0.41, a current ratio of 0.41 and a debt-to-equity ratio of 0.43. The business has a 50 day moving average price of $13.82 and a 200 day moving average price of $13.45. PennyMac Mortgage Investment Trust has a one year low of $11.77 and a one year high of $15.22.

PennyMac Mortgage Investment Trust (NYSE:PMT - Get Free Report) last announced its earnings results 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). The business had revenue of $44.47 million for the quarter, compared to analyst estimates of $94.36 million. PennyMac Mortgage Investment Trust had a return on equity of 11.48% and a net margin of 48.17%. During the same period in the previous year, the company earned $0.39 earnings per share. Research analysts anticipate that PennyMac Mortgage Investment Trust will post 1.54 earnings per share for the current fiscal year.

PennyMac Mortgage Investment Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 25th. Shareholders of record on Friday, April 11th were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 12.43%. The ex-dividend date of this dividend was Friday, April 11th. PennyMac Mortgage Investment Trust's payout ratio is currently 172.04%.

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.