Insider Buying: Lisa A. Rogers Buys 10,000 Shares of Stonegate Mortgage Corp Stock (SGM)
Stonegate Mortgage Corp (NYSE:SGM) EVP Lisa A. Rogers bought 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 13th. The shares were purchased at an average cost of $13.89 per share, for a total transaction of $138,900.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Stonegate Mortgage Corp (NYSE:SGM) traded up 0.57% on Friday, hitting $14.18. 44,753 shares of the company’s stock traded hands. Stonegate Mortgage Corp has a one year low of $11.81 and a one year high of $18.94. The stock has a 50-day moving average of $13.43 and a 200-day moving average of $14.04. The company’s market cap is $365.4 million.
Stonegate Mortgage Corp (NYSE:SGM) last issued its quarterly earnings data on Thursday, August 7th. The company reported $0.29 earnings per share for the quarter, beating the analysts’ 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. Stonegate Mortgage Corp’s revenue was up 32.7% compared to the same quarter last year. Analysts expect that Stonegate Mortgage Corp will post $1.47 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 Tuesday, August 12th. 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, August 11th. 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 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 price target of $16.60.
Stonegate Mortgage Corporation is a United States-based specialty financial services firm focused on the United States residential mortgage market.
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