International Assets Investment Management LLC Acquires 302,760 Shares of PennyMac Mortgage Investment Trust (NYSE:PMT)

International Assets Investment Management LLC lifted its position in PennyMac Mortgage Investment Trust (NYSE:PMT) by 1,307.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 325,910 shares of the real estate investment trust’s stock after buying an additional 302,760 shares during the period. International Assets Investment Management LLC’s holdings in PennyMac Mortgage Investment Trust were worth $4,872,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Charles Schwab Investment Management Inc. boosted its stake in shares of PennyMac Mortgage Investment Trust by 6.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,299,582 shares of the real estate investment trust’s stock worth $16,115,000 after buying an additional 78,311 shares during the last quarter. B. Riley Wealth Advisors Inc. boosted its stake in shares of PennyMac Mortgage Investment Trust by 2.3% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 180,378 shares of the real estate investment trust’s stock worth $2,237,000 after buying an additional 4,041 shares during the last quarter. Vaughan Nelson Investment Management L.P. boosted its stake in shares of PennyMac Mortgage Investment Trust by 23.2% in the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 1,507,911 shares of the real estate investment trust’s stock worth $18,698,000 after buying an additional 284,200 shares during the last quarter. Dark Forest Capital Management LP boosted its stake in shares of PennyMac Mortgage Investment Trust by 99.3% in the 3rd quarter. Dark Forest Capital Management LP now owns 43,941 shares of the real estate investment trust’s stock worth $545,000 after buying an additional 21,896 shares during the last quarter. Finally, Aigen Investment Management LP boosted its stake in shares of PennyMac Mortgage Investment Trust by 125.9% in the 3rd quarter. Aigen Investment Management LP now owns 29,186 shares of the real estate investment trust’s stock worth $362,000 after buying an additional 16,268 shares during the last quarter. 67.38% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have recently issued reports on PMT. B. Riley raised their price target on PennyMac Mortgage Investment Trust from $15.00 to $16.00 and gave the stock a “buy” rating in a research note on Wednesday, February 7th. Deutsche Bank Aktiengesellschaft initiated coverage on PennyMac Mortgage Investment Trust in a research note on Wednesday, January 10th. They issued a “hold” rating and a $15.00 price target on the stock. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $14.58.

PennyMac Mortgage Investment Trust Price Performance

NYSE PMT opened at $13.28 on Wednesday. The company has a market capitalization of $1.15 billion, a PE ratio of 8.25 and a beta of 1.48. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.28 and a current ratio of 0.28. The business’s fifty day moving average is $14.07 and its 200 day moving average is $13.89. PennyMac Mortgage Investment Trust has a fifty-two week low of $10.52 and a fifty-two week high of $15.89.

PennyMac Mortgage Investment Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, April 26th. Investors of record on Friday, April 12th will be given a dividend of $0.40 per share. The ex-dividend date is Thursday, April 11th. This represents a $1.60 annualized dividend and a yield of 12.05%. PennyMac Mortgage Investment Trust’s dividend payout ratio (DPR) is presently 99.38%.

Insider Activity at PennyMac Mortgage Investment Trust

In other news, Director Doug Jones sold 7,810 shares of the business’s stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $14.34, for a total value of $111,995.40. Following the transaction, the director now directly owns 53,311 shares in the company, valued at $764,479.74. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.90% of the stock is owned by company insiders.

About PennyMac Mortgage Investment Trust

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.