Insider Buying: Rhp Trust, Dated May 31, 2011 Buys 175,000 Shares of IMPAC Mortgage Holdings Stock (IMH)
IMPAC Mortgage Holdings (NYSE:IMH) major shareholder Rhp Trust, Dated May 31, 2011 bought 175,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 19th. The stock was purchased at an average cost of $4.90 per share, for a total transaction of $857,500.00. Following the acquisition, the insider now directly owns 1,104,640 shares of the company’s stock, valued at approximately $5,412,736. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.
Shares of IMPAC Mortgage Holdings (NYSE:IMH) traded up 1.95% on Wednesday, hitting $5.75. The stock had a trading volume of 2,341 shares. IMPAC Mortgage Holdings has a 52-week low of $4.66 and a 52-week high of $10.00. The stock’s 50-day moving average is $5.32 and its 200-day moving average is $5.86. The company’s market cap is $53.6 million.
Impac Mortgage Holdings, Inc (NYSE:IMH) operations include the mortgage and real estate fee-based business activities conducted by its subsidiaries: Integrated Real Estate Service Corporation (IRES), IMH Assets Corp.
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