1 day Ago By Defense World Staff
Commonwealth Equity Services LLC boosted its holdings in PennyMac Mortgage Investment Trust ( NYSE:PMT – Free Report ) by 56.9% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 63,423 shares of the real estate investment trust’s stock after buying an additional 22,988 shares during the quarter.
Commonwealth Equity Services LLC owned approximately 0.07% of PennyMac Mortgage Investment Trust worth $872,000 at the end of the most recent reporting period. Other large investors have also added to or reduced their stakes in the company.
Jane Street Group LLC raised its holdings in PennyMac Mortgage Investment Trust by 124.7% in the 1st quarter. Jane Street Group LLC now owns 291,367 shares of the real estate investment trust’s stock valued at $4,277,000 after buying an additional 161,723 shares during the last quarter.
O Shaughnessy Asset Management LLC increased its position in PennyMac Mortgage Investment Trust by 173.4% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 155,309 shares of the real estate investment trust’s stock valued at $2,280,000 after purchasing an additional 98,500 shares during the period.
Charles Schwab Investment Management Inc. increased its position in PennyMac Mortgage Investment Trust by 4.7% during the 4th quarter.
Charles Schwab Investment Management Inc. now owns 1,360,869 shares of the real estate investment trust’s stock valued at $20,345,000 after purchasing an additional 61,287 shares during the period. QRG Capital Management Inc.
acquired a new stake in PennyMac Mortgage Investment Trust during the 2nd quarter valued at approximately $302,000. Finally, Jump Financial LLC increased its position in PennyMac Mortgage Investment Trust by 39.4% during the 4th quarter.
Jump Financial LLC now owns 38,090 shares of the real estate investment trust’s stock valued at $569,000 after purchasing an additional 10,767 shares during the period. Institutional investors own 67.38% of the company’s stock.
PennyMac Mortgage Investment Trust Stock Performance NYSE PMT opened at $14.24 on Wednesday. The company has a fifty day simple moving average of $13.
92 and a 200 day simple moving average of $14.01. PennyMac Mortgage Investment Trust has a 12-month low of $10.
52 and a 12-month high of $15.89. The company has a current ratio of 0.
33, a quick ratio of 0.33 and a debt-to-equity ratio of 1.51.
The company has a market cap of $1.24 billion, a P/E ratio of 9.49 and a beta of 1.
51. Insider Activity at PennyMac Mortgage Investment Trust In related news, Director Doug Jones sold 37,010 shares of PennyMac Mortgage Investment Trust stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $14.
01, for a total value of $518,510.10. Following the completion of the sale, the director now owns 49,114 shares of the company’s stock, valued at approximately $688,087.
14. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website . In the last 90 days, insiders acquired 2,879 shares of company stock valued at $39,028.
0.89% of the stock is owned by company insiders. Wall Street Analysts Forecast Growth PMT has been the subject of a number of recent analyst reports.
Piper Sandler decreased their target price on shares of PennyMac Mortgage Investment Trust from $15.00 to $14.50 and set a “neutral” rating for the company in a research report on Wednesday, July 24th.
B. Riley reaffirmed a “buy” rating and set a $16.00 price objective on shares of PennyMac Mortgage Investment Trust in a research report on Wednesday, July 24th.
JMP Securities raised their price objective on shares of PennyMac Mortgage Investment Trust from $15.00 to $15.50 and gave the stock a “market outperform” rating in a research report on Friday, July 19th.
Wedbush reaffirmed a “neutral” rating and set a $15.00 price objective on shares of PennyMac Mortgage Investment Trust in a research report on Thursday, July 25th. Finally, Keefe, Bruyette & Woods reduced their price objective on shares of PennyMac Mortgage Investment Trust from $15.
50 to $15.00 and set an “outperform” rating for the company in a research report on Thursday, July 25th. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the stock.
According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $14.93. Read Our Latest Stock Analysis on PennyMac Mortgage Investment Trust About PennyMac Mortgage Investment Trust ( Free Report ) 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. See Also Five stocks we like better than PennyMac Mortgage Investment Trust What to Know About Investing in Penny Stocks Galmed Pharmaceuticals Surges 400%: What’s Behind the Explosion? Investing in Construction Stocks Gold Hits New All-Time Highs: 3 Stocks to Ride the Surge 3 Monster Growth Stocks to Buy Now Intel: Why It’s Time to Reconsider This Beaten-Down Chipmaker Want to see what other hedge funds are holding PMT? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for PennyMac Mortgage Investment Trust ( NYSE:PMT – Free Report ). Receive News & Ratings for PennyMac Mortgage Investment Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PennyMac Mortgage Investment Trust and related companies with MarketBeat.com's FREE daily email newsletter .
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