IMPAC Mortgage Holdings Major Shareholder Buys $20,172 in Stock (IMH)
IMPAC Mortgage Holdings (NYSE:IMH) major shareholder Todd Pickup purchased 3,472 shares of IMPAC Mortgage Holdings stock on the open market in a transaction dated Tuesday, January 7th. The shares were purchased at an average cost of $5.81 per share, for a total transaction of $20,172.32. Following the completion of the acquisition, the insider now directly owns 87,501 shares of the company’s stock, valued at approximately $508,381. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
Shares of IMPAC Mortgage Holdings (NYSE:IMH) traded up 6.96% on Wednesday, hitting $6.30. 68,292 shares of the company’s stock traded hands. IMPAC Mortgage Holdings has a 52-week low of $4.66 and a 52-week high of $15.39. The stock’s 50-day moving average is $5.70 and its 200-day moving average is $8.36. The company’s market cap is $56.0 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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