IMPAC Mortgage Holdings, Inc (IMH) Downgraded to Hold at ValuEngine
IMPAC Mortgage Holdings, Inc (NYSEMKT:IMH) was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating in a research note issued to investors on Saturday.
Separately, TheStreet raised shares of IMPAC Mortgage Holdings from a “d” rating to a “c-” rating in a research report on Thursday, April 6th.
Shares of IMPAC Mortgage Holdings (IMH) traded down 1.53% during midday trading on Friday, reaching $15.43. 101,963 shares of the company’s stock traded hands. The firm has a market cap of $315.51 million, a PE ratio of 4.72 and a beta of 0.91. The stock has a 50-day moving average price of $15.87 and a 200 day moving average price of $14.23. IMPAC Mortgage Holdings has a 12 month low of $12.04 and a 12 month high of $18.50.
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In other IMPAC Mortgage Holdings news, major shareholder Vintage Trust Ii, Dated July 1 purchased 394,945 shares of the company’s stock in a transaction that occurred on Tuesday, April 18th. The shares were bought at an average cost of $12.66 per share, for a total transaction of $5,000,003.70. Following the purchase, the insider now owns 1,793,796 shares of the company’s stock, valued at approximately $22,709,457.36. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
IMPAC Mortgage Holdings Company Profile
Impac Mortgage Holdings, Inc is an independent residential mortgage lender. The Company operates through three segments: Mortgage Lending, Real Estate Services and Long-Term Mortgage Portfolio. It originates, sells and services conventional, conforming agency and Government insured residential mortgage loans.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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