Stonegate Mortgage Corp Insider Sells $225,150 in Stock (SGM)
Stonegate Mortgage Corp (NYSE:SGM) Insider Steve Landes unloaded 15,000 shares of Stonegate Mortgage Corp stock on the open market in a transaction dated Thursday, June 12th. The stock was sold at an average price of $15.01, for a total transaction of $225,150.00. Following the transaction, the insider now directly owns 276,091 shares of the company’s stock, valued at approximately $4,144,126. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Stonegate Mortgage Corp (NYSE:SGM) traded up 0.20% during mid-day trading on Friday, hitting $15.25. 62,316 shares of the company’s stock traded hands. Stonegate Mortgage Corp has a 52-week low of $11.81 and a 52-week high of $18.94. The stock’s 50-day moving average is $13.76 and its 200-day moving average is $14.95. The company has a market cap of $393.0 million and a price-to-earnings ratio of 63.68.
Stonegate Mortgage Corp (NYSE:SGM) last released its earnings data 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 $1.58 EPS for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Zacks upgraded shares of Stonegate Mortgage Corp from an “underperform” rating to a “neutral” rating in a research note on Monday. They now have a $15.40 price target on the stock. Separately, 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. Finally, 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. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $18.07.
Stonegate Mortgage Corporation is a United States-based specialty financial services firm focused on the United States residential mortgage market.
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