Samalin Investment Counsel LLC Purchases 2,834 Shares of PennyMac Mortgage Investment Trust (NYSE:PMT)

Samalin Investment Counsel LLC increased its position in PennyMac Mortgage Investment Trust (NYSE:PMTGet Rating) by 119.9% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,198 shares of the real estate investment trust’s stock after purchasing an additional 2,834 shares during the period. Samalin Investment Counsel LLC’s holdings in PennyMac Mortgage Investment Trust were worth $88,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of PMT. Invesco Ltd. lifted its holdings in shares of PennyMac Mortgage Investment Trust by 98.7% in the 4th quarter. Invesco Ltd. now owns 2,230,488 shares of the real estate investment trust’s stock worth $38,654,000 after purchasing an additional 1,107,783 shares in the last quarter. Greenwich Investment Management Inc. purchased a new stake in PennyMac Mortgage Investment Trust in the 4th quarter valued at $9,430,000. Goldman Sachs Group Inc. raised its position in PennyMac Mortgage Investment Trust by 6.5% in the 4th quarter. Goldman Sachs Group Inc. now owns 5,022,501 shares of the real estate investment trust’s stock valued at $87,040,000 after buying an additional 305,375 shares during the last quarter. Renaissance Technologies LLC raised its position in PennyMac Mortgage Investment Trust by 866.9% in the 4th quarter. Renaissance Technologies LLC now owns 283,300 shares of the real estate investment trust’s stock valued at $4,910,000 after buying an additional 254,000 shares during the last quarter. Finally, Centaurus Financial Inc. raised its position in PennyMac Mortgage Investment Trust by 291.9% in the 1st quarter. Centaurus Financial Inc. now owns 194,285 shares of the real estate investment trust’s stock valued at $3,281,000 after buying an additional 144,707 shares during the last quarter. 69.07% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on PMT. StockNews.com lowered PennyMac Mortgage Investment Trust from a “hold” rating to a “sell” rating in a research report on Tuesday, June 28th. B. Riley lowered their price target on PennyMac Mortgage Investment Trust from $21.00 to $18.00 and set a “buy” rating for the company in a research report on Friday, July 1st. Credit Suisse Group lowered their price target on PennyMac Mortgage Investment Trust to $16.00 in a research report on Monday, August 22nd. Finally, Piper Sandler decreased their target price on PennyMac Mortgage Investment Trust from $18.00 to $17.00 and set an “overweight” rating for the company in a research report on Tuesday, June 28th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $17.91.

PennyMac Mortgage Investment Trust Trading Up 7.8 %

Shares of NYSE PMT opened at $14.86 on Monday. PennyMac Mortgage Investment Trust has a 52 week low of $11.64 and a 52 week high of $20.72. The business has a 50-day simple moving average of $14.81 and a two-hundred day simple moving average of $15.28. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.45 and a current ratio of 0.45.

Insiders Place Their Bets

In related news, CEO David Spector bought 20,000 shares of the business’s stock in a transaction on Thursday, September 8th. The stock was acquired at an average price of $13.71 per share, for a total transaction of $274,200.00. Following the purchase, the chief executive officer now directly owns 232,574 shares in the company, valued at $3,188,589.54. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.78% of the stock is owned by corporate insiders.

PennyMac Mortgage Investment Trust Company Profile

(Get Rating)

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.

Recommended Stories

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:PMTGet Rating).

Institutional Ownership by Quarter for PennyMac Mortgage Investment Trust (NYSE:PMT)

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.