PennyMac Mortgage Investment Trust (NYSE:PMT – Get Rating) CEO David Spector purchased 20,000 shares of the company’s stock in a transaction that occurred on Thursday, September 8th. The shares were purchased at an average cost of $13.71 per share, for a total transaction of $274,200.00. Following the completion of the purchase, the chief executive officer now owns 232,574 shares in the company, valued at approximately $3,188,589.54. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
PennyMac Mortgage Investment Trust Trading Up 7.8 %
NYSE PMT opened at $14.86 on Friday. The company has a fifty day moving average price of $14.81 and a 200-day moving average price of $15.28. The company has a current ratio of 0.45, a quick ratio of 0.45 and a debt-to-equity ratio of 1.42. PennyMac Mortgage Investment Trust has a 1 year low of $11.64 and a 1 year high of $20.72.
Analyst Ratings Changes
A number of equities analysts have recently weighed in on the company. StockNews.com lowered PennyMac Mortgage Investment Trust from a “hold” rating to a “sell” rating in a research report on Tuesday, June 28th. Credit Suisse Group lowered their price objective on shares of PennyMac Mortgage Investment Trust to $16.00 in a report on Monday, August 22nd. B. Riley reduced their price objective on shares of PennyMac Mortgage Investment Trust from $21.00 to $18.00 and set a “buy” rating for the company in a report on Friday, July 1st. Finally, Piper Sandler lowered their target price on shares of PennyMac Mortgage Investment Trust from $18.00 to $17.00 and set an “overweight” rating on the stock in a report on Tuesday, June 28th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $17.91.
Institutional Inflows and Outflows
PennyMac Mortgage Investment Trust Company Profile
PennyMac Mortgage Investment Trust, a specialty finance company, primarily invests in mortgage-related assets in the United States. The company's Credit Sensitive Strategies segment invests in credit risk transfer (CRT) agreements, CRT securities, distressed loans, real estate, and non-agency subordinated bonds.
- Get a free copy of the StockNews.com research report on PennyMac Mortgage Investment Trust (PMT)
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