Insider Buying: Stonegate Mortgage Corp Director Purchases 150,181 Shares of Stock (SGM)
Stonegate Mortgage Corp (NYSE:SGM) Director Sam Levinson bought 150,181 shares of Stonegate Mortgage Corp stock in a transaction dated Tuesday, August 12th. The stock was purchased at an average price of $13.83 per share, for a total transaction of $2,077,003.23. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
SGM has been the subject of a number of recent research reports. Analysts at Zacks upgraded shares of Stonegate Mortgage Corp from an “underperform” rating to a “neutral” rating in a research note on Tuesday. They now have a $14.20 price target on the stock. Separately, analysts at Compass Point raised their price target on shares of Stonegate Mortgage Corp from $13.00 to $14.00 in a research note on Monday. They now have a “neutral” rating on the stock. Finally, analysts at Compass Point initiated coverage on shares of Stonegate Mortgage Corp in a research note on Wednesday, July 16th. They set a “neutral” rating and a $13.00 price target on the stock. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Stonegate Mortgage Corp currently has an average rating of “Buy” and an average target price of $16.60.
Shares of Stonegate Mortgage Corp (NYSE:SGM) traded up 0.21% on Wednesday, hitting $14.08. 95,879 shares of the company’s stock traded hands. Stonegate Mortgage Corp has a 1-year low of $11.81 and a 1-year high of $18.94. The stock has a 50-day moving average of $13.45 and a 200-day moving average of $14.04. The company’s market cap is $362.8 million.
Stonegate Mortgage Corp (NYSE:SGM) last released its earnings data on Thursday, August 7th. The company reported $0.29 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.28 by $0.01. The company had revenue of $57.60 million for the quarter, compared to the consensus estimate of $62.80 million. The company’s quarterly revenue was up 32.7% on a year-over-year basis. Analysts expect that Stonegate Mortgage Corp will post $1.45 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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