Impac Mortgage (NYSE:IMH) Coverage Initiated by Analysts at started coverage on shares of Impac Mortgage (NYSE:IMHFree Report) in a research report sent to investors on Friday morning. The firm issued a hold rating on the stock.

Impac Mortgage Price Performance

NYSE IMH opened at $0.07 on Friday. Impac Mortgage has a 1 year low of $0.12 and a 1 year high of $0.88. The firm has a market cap of $2.55 million, a price-to-earnings ratio of -0.04 and a beta of 0.90. The company has a fifty day moving average price of $0.06 and a 200-day moving average price of $0.15.

Hedge Funds Weigh In On Impac Mortgage

An institutional investor recently bought a new position in Impac Mortgage stock. Raymond James & Associates purchased a new position in Impac Mortgage Holdings, Inc. (NYSE:IMHFree Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 73,470 shares of the company’s stock, valued at approximately $26,000. Raymond James & Associates owned about 0.34% of Impac Mortgage as of its most recent filing with the Securities and Exchange Commission. 12.49% of the stock is currently owned by institutional investors and hedge funds.

Impac Mortgage Company Profile

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Impac Mortgage Holdings, Inc engages in the provision of mortgage and real estate solutions. It operates through the following segments: Mortgage Lending, Real Estate Services, and Long-Term Mortgage Portfolio. The Mortgage Lending segment offers mortgage lending products through lending channels, retail, wholesale, and correspondent, and retains mortgage servicing rights and warehouse lending facilities.

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