Insider Buying: Stonegate Mortgage Corp Director Buys 21,191 Shares of Stock (SGM)
Stonegate Mortgage Corp (NYSE:SGM) Director Sam Levinson acquired 21,191 shares of the stock in a transaction dated Wednesday, August 13th. The stock was purchased at an average price of $14.05 per share, with a total value of $297,733.55. The purchase was disclosed in a filing with the SEC, which can be accessed through this link.
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 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 assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $16.60.
Stonegate Mortgage Corp (NYSE:SGM) traded up 0.14% on Thursday, hitting $14.10. 36,347 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 has a 50-day moving average of $13.4 and a 200-day moving average of $14.05. The company’s market cap is $363.3 million.
Stonegate Mortgage Corp (NYSE:SGM) last posted its quarterly earnings results on Thursday, August 7th. The company reported $0.29 earnings per share (EPS) for the quarter, beating the 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 revenue for the quarter 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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