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IMPAC Mortgage Holdings (NYSE:IMH) major shareholder Richard H/ Pickup acquired 50,515 shares of the company’s stock on the open market in a transaction dated Friday, January 24th. The shares were purchased at an average cost of $6.13 per share, for a total transaction of $309,656.95. Following the transaction, the insider now directly owns 100,000 shares of the company’s stock, valued at approximately $613,000. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

Shares of IMPAC Mortgage Holdings (NYSE:IMH) traded down 1.80% during mid-day trading on Monday, hitting $5.99. The stock had a trading volume of 18,927 shares. IMPAC Mortgage Holdings has a 1-year low of $4.66 and a 1-year high of $15.39. The stock’s 50-day moving average is $6.13 and its 200-day moving average is $8.04. The company’s market cap is $53.2 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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