Insider Buying: IMPAC Mortgage Holdings Major Shareholder Buys 1,855 Shares of Stock (IMH)
IMPAC Mortgage Holdings (NYSE:IMH) major shareholder Rhp Trust, Dated May 31, 2011 purchased 1,855 shares of IMPAC Mortgage Holdings stock in a transaction dated Tuesday, September 17th. The stock was purchased at an average price of $9.70 per share, for a total transaction of $17,993.50. Following the transaction, the insider now directly owns 904,868 shares of the company’s stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.
Shares of IMPAC Mortgage Holdings (NYSE:IMH) traded up 1.02% on Wednesday, hitting $9.90. 35,374 shares of the company’s stock traded hands. IMPAC Mortgage Holdings has a 52-week low of $6.63 and a 52-week high of $18.00. The stock has a 50-day moving average of $9.92 and a 200-day moving average of $10.47. The company’s market cap is $86.8 million.
Impac Mortgage Holdings, Inc (NYSE:IMH) operations include the mortgage and real estate fee-based business activities conducted by its subsidiaries: Integrated Real Estate Service Corporation (IRES), IMH Assets Corp.
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