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Stonegate Mortgage Corp (NYSE:SGM) Director Richard A. Kraemer purchased 10,000 shares of the company’s stock on the open market in a transaction that occurred on Tuesday, June 3rd. The stock was purchased at an average cost of $15.16 per share, with a total value of $151,600.00. Following the completion of the acquisition, the director now directly owns 27,944 shares in the company, valued at approximately $423,631. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Several analysts have recently commented on the stock. Analysts at Barclays reiterated an “overweight” rating on shares of Stonegate Mortgage Corp in a research note on Friday, May 16th. They now have a $18.00 price target on the stock, down previously from $19.00. Separately, analysts at Keefe, Bruyette & Woods upgraded shares of Stonegate Mortgage Corp from a “market perform” rating to an “outperform” rating in a research note on Friday, May 16th. They now have a $17.00 price target on the stock. Finally, analysts at Sidoti initiated coverage on shares of Stonegate Mortgage Corp in a research note on Wednesday, April 23rd. They set a “neutral” rating on the stock. One investment analyst has rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the stock. Stonegate Mortgage Corp has an average rating of “Buy” and an average target price of $17.78.

Stonegate Mortgage Corp (NYSE:SGM) remained flat at $14.73 during trading on Wednesday. The stock had a trading volume of 45,120 shares. Stonegate Mortgage Corp has a 1-year low of $11.81 and a 1-year high of $18.94. The stock’s 50-day moving average is $13.47 and its 200-day moving average is $14.99. The company has a market cap of $379.6 million and a price-to-earnings ratio of 61.63.

Stonegate Mortgage Corp (NYSE:SGM) last posted its quarterly earnings results on Thursday, May 15th. The company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by $0.03. Analysts expect that Stonegate Mortgage Corp will post $1.55 EPS for the current fiscal year.

Stonegate Mortgage Corporation is a United States-based specialty financial services firm focused on the United States residential mortgage market.

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