KLP Kapitalforvaltning AS Acquires New Holdings in PennyMac Mortgage Investment Trust (NYSE:PMT)

KLP Kapitalforvaltning AS bought a new stake in PennyMac Mortgage Investment Trust (NYSE:PMT) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 16,800 shares of the real estate investment trust’s stock, valued at approximately $217,000.

Several other hedge funds also recently bought and sold shares of PMT. Principal Financial Group Inc. increased its position in shares of PennyMac Mortgage Investment Trust by 18.2% in the 3rd quarter. Principal Financial Group Inc. now owns 506,349 shares of the real estate investment trust’s stock valued at $7,221,000 after buying an additional 77,955 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in PennyMac Mortgage Investment Trust by 90.2% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 174,436 shares of the real estate investment trust’s stock worth $2,487,000 after acquiring an additional 82,735 shares in the last quarter. Dana Investment Advisors Inc. grew its stake in PennyMac Mortgage Investment Trust by 5.1% in the fourth quarter. Dana Investment Advisors Inc. now owns 496,570 shares of the real estate investment trust’s stock valued at $6,252,000 after acquiring an additional 23,948 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in shares of PennyMac Mortgage Investment Trust by 4.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,520,394 shares of the real estate investment trust’s stock worth $19,142,000 after acquiring an additional 63,781 shares in the last quarter. Finally, Barclays PLC raised its position in shares of PennyMac Mortgage Investment Trust by 218.7% during the third quarter. Barclays PLC now owns 148,734 shares of the real estate investment trust’s stock worth $2,121,000 after purchasing an additional 102,067 shares during the period. 67.38% of the stock is currently owned by institutional investors and hedge funds.

PennyMac Mortgage Investment Trust Price Performance

PMT stock opened at $13.03 on Tuesday. The stock has a 50-day moving average price of $14.12 and a two-hundred day moving average price of $13.63. PennyMac Mortgage Investment Trust has a 1 year low of $11.77 and a 1 year high of $15.22. The stock has a market cap of $1.13 billion, a PE ratio of 9.80 and a beta of 1.17. The company has a current ratio of 0.41, a quick ratio of 0.41 and a debt-to-equity ratio of 0.43.

PennyMac Mortgage Investment Trust (NYSE:PMT) last posted its quarterly earnings data on Thursday, January 30th. The real estate investment trust reported $0.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.37 by $0.04. PennyMac Mortgage Investment Trust had a return on equity of 11.48% and a net margin of 48.17%. Equities analysts forecast that PennyMac Mortgage Investment Trust will post 1.54 EPS for the current fiscal year.

PennyMac Mortgage Investment Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Friday, April 11th will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 12.28%. The ex-dividend date is Friday, April 11th. PennyMac Mortgage Investment Trust’s dividend payout ratio is presently 120.30%.

Analyst Ratings Changes

Separately, JMP Securities reissued a “market outperform” rating and set a $15.50 target price on shares of PennyMac Mortgage Investment Trust in a research note on Thursday, January 23rd. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $15.20.

Insider Buying and Selling

In related news, Director Doug Jones sold 14,530 shares of the company’s stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $14.50, for a total transaction of $210,685.00. Following the sale, the director now owns 64,082 shares in the company, valued at approximately $929,189. This represents a 18.48 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.89% of the stock is currently owned by corporate insiders.

PennyMac Mortgage Investment Trust Company Profile

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.