IMPAC Mortgage Holdings major shareholder Purchases $857,500 in Stock (IMH)
IMPAC Mortgage Holdings (NYSE:IMH) major shareholder Rhp Trust, Dated May 31, 2011 purchased 175,000 shares of the stock on the open market in a transaction that occurred on Tuesday, August 19th. The stock was purchased at an average price of $4.90 per share, for a total transaction of $857,500.00. Following the purchase, the insider now directly owns 1,104,640 shares of the company’s stock, valued at approximately $5,412,736. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.
IMPAC Mortgage Holdings (NYSE:IMH) traded down 0.85% during mid-day trading on Friday, hitting $5.762. 4,114 shares of the company’s stock traded hands. 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 $5.39 and its 200-day moving average is $5.85. The company’s market cap is $54.2 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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