PennyMac Mortgage Investment Trust (NYSE:PMT) insider David Spector sold 18,750 shares of the business’s stock in a transaction that occurred on Wednesday, October 4th. The stock was sold at an average price of $17.61, for a total transaction of $330,187.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

David Spector also recently made the following trade(s):

  • On Wednesday, September 27th, David Spector sold 18,750 shares of PennyMac Mortgage Investment Trust stock. The stock was sold at an average price of $17.40, for a total transaction of $326,250.00.

PennyMac Mortgage Investment Trust (PMT) traded up 0.57% on Thursday, hitting $17.74. 494,063 shares of the stock traded hands. The stock has a market capitalization of $1.19 billion, a P/E ratio of 10.60 and a beta of 0.49. PennyMac Mortgage Investment Trust has a 12-month low of $14.28 and a 12-month high of $18.46. The company’s 50 day moving average price is $17.17 and its 200-day moving average price is $17.58.

PennyMac Mortgage Investment Trust (NYSE:PMT) last announced its quarterly earnings results on Thursday, August 3rd. The real estate investment trust reported $0.38 earnings per share for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.05). The firm had revenue of $83.96 million during the quarter, compared to analyst estimates of $80.12 million. PennyMac Mortgage Investment Trust had a net margin of 37.97% and a return on equity of 8.67%. The business’s revenue was up 76.4% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.08) earnings per share. Analysts predict that PennyMac Mortgage Investment Trust will post $1.64 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, October 30th. Investors of record on Friday, October 13th will be given a $0.47 dividend. The ex-dividend date is Thursday, October 12th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 10.60%. PennyMac Mortgage Investment Trust’s dividend payout ratio is 109.94%.

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A number of research firms recently commented on PMT. Zacks Investment Research upgraded shares of PennyMac Mortgage Investment Trust from a “sell” rating to a “hold” rating in a report on Thursday. BidaskClub upgraded shares of PennyMac Mortgage Investment Trust from a “buy” rating to a “strong-buy” rating in a report on Wednesday, July 5th. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. PennyMac Mortgage Investment Trust currently has an average rating of “Hold” and an average price target of $16.95.

Several large investors have recently made changes to their positions in PMT. BlackRock Inc. raised its position in shares of PennyMac Mortgage Investment Trust by 2,106.6% in the 1st quarter. BlackRock Inc. now owns 6,302,356 shares of the real estate investment trust’s stock valued at $111,868,000 after acquiring an additional 6,016,745 shares during the period. Goldman Sachs Group Inc. raised its position in shares of PennyMac Mortgage Investment Trust by 32.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 3,153,068 shares of the real estate investment trust’s stock valued at $55,967,000 after acquiring an additional 768,444 shares during the period. UBS Group AG raised its position in shares of PennyMac Mortgage Investment Trust by 27.3% in the 1st quarter. UBS Group AG now owns 1,456,733 shares of the real estate investment trust’s stock valued at $25,857,000 after acquiring an additional 312,290 shares during the period. Advisors Asset Management Inc. raised its position in shares of PennyMac Mortgage Investment Trust by 20.3% in the 2nd quarter. Advisors Asset Management Inc. now owns 1,209,057 shares of the real estate investment trust’s stock valued at $22,114,000 after acquiring an additional 204,191 shares during the period. Finally, Vanguard Group Inc. raised its position in shares of PennyMac Mortgage Investment Trust by 3.9% in the 1st quarter. Vanguard Group Inc. now owns 5,187,737 shares of the real estate investment trust’s stock valued at $92,082,000 after acquiring an additional 196,152 shares during the period. Institutional investors and hedge funds own 62.47% of the company’s stock.

About PennyMac Mortgage Investment Trust

PennyMac Mortgage Investment Trust is a specialty finance company that invests primarily in residential mortgage loans and mortgage-related assets. The Company conducts all of its operations, and makes all of its investments, through PennyMac Operating Partnership, L.P. (its Operating Partnership) and its subsidiaries.

Insider Buying and Selling by Quarter for PennyMac Mortgage Investment Trust (NYSE:PMT)

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