IMPAC Mortgage Holdings, Inc (IMH) Major Shareholder Richard H/ Pickup Purchases 7,183 Shares

IMPAC Mortgage Holdings, Inc (NYSEAMERICAN:IMH) major shareholder Richard H/ Pickup purchased 7,183 shares of the firm’s stock in a transaction that occurred on Friday, December 28th. The shares were acquired at an average cost of $10.00 per share, with a total value of $71,830.00. Following the completion of the purchase, the insider now directly owns 120,000 shares in the company, valued at approximately $1,200,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Major shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

Richard H/ Pickup also recently made the following trade(s):

  • On Wednesday, December 26th, Richard H/ Pickup purchased 35,000 shares of IMPAC Mortgage stock. The shares were acquired at an average cost of $10.00 per share, with a total value of $350,000.00.
  • On Thursday, December 28th, Richard H/ Pickup purchased 7,183 shares of IMPAC Mortgage stock. The shares were acquired at an average cost of $10.00 per share, with a total value of $71,830.00.
  • On Tuesday, December 26th, Richard H/ Pickup purchased 35,000 shares of IMPAC Mortgage stock. The shares were acquired at an average cost of $10.00 per share, with a total value of $350,000.00.
  • On Wednesday, December 20th, Richard H/ Pickup purchased 54,898 shares of IMPAC Mortgage stock. The shares were acquired at an average cost of $10.21 per share, with a total value of $560,508.58.
  • On Monday, October 16th, Richard H/ Pickup purchased 494,004 shares of IMPAC Mortgage stock. The shares were acquired at an average cost of $12.25 per share, with a total value of $6,051,549.00.

Shares of IMPAC Mortgage Holdings, Inc (IMH) opened at $10.16 on Monday. The firm has a market capitalization of $210.96, a price-to-earnings ratio of 6.16 and a beta of 0.27. IMPAC Mortgage Holdings, Inc has a 1 year low of $9.92 and a 1 year high of $17.40.

IMPAC Mortgage (NYSEAMERICAN:IMH) last issued its earnings results on Wednesday, November 8th. The company reported $0.01 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.08 by ($0.07). The firm had revenue of $42.08 million for the quarter. IMPAC Mortgage had a net margin of 5.51% and a return on equity of 3.02%.

Hedge funds and other institutional investors have recently modified their holdings of the business. Wells Fargo & Company MN raised its position in IMPAC Mortgage by 117.7% during the 2nd quarter. Wells Fargo & Company MN now owns 17,621 shares of the company’s stock valued at $266,000 after purchasing an additional 9,527 shares in the last quarter. Vanguard Group Inc. raised its position in IMPAC Mortgage by 6.9% during the 2nd quarter. Vanguard Group Inc. now owns 456,707 shares of the company’s stock valued at $6,910,000 after purchasing an additional 29,543 shares in the last quarter. CQS Cayman LP bought a new stake in IMPAC Mortgage during the 2nd quarter valued at $563,000. Nwam LLC purchased a new position in shares of IMPAC Mortgage in the 3rd quarter valued at $115,000. Finally, Northern Trust Corp increased its holdings in shares of IMPAC Mortgage by 14.0% in the 2nd quarter. Northern Trust Corp now owns 119,003 shares of the company’s stock valued at $1,801,000 after acquiring an additional 14,641 shares during the period.

IMH has been the subject of a number of research analyst reports. BidaskClub lowered IMPAC Mortgage from a “sell” rating to a “strong sell” rating in a research report on Thursday, November 2nd. TheStreet lowered IMPAC Mortgage from a “c-” rating to a “d” rating in a research report on Monday, December 11th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the stock. IMPAC Mortgage presently has an average rating of “Hold” and an average price target of $9.68.

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IMPAC Mortgage 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.

Insider Buying and Selling by Quarter for IMPAC Mortgage (NYSEAMERICAN:IMH)

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