IMPAC Mortgage (NYSEAMERICAN:IMH) will announce its earnings results after the market closes on Wednesday, February 21st. Analysts expect the company to announce earnings of $0.24 per share for the quarter.
Shares of IMPAC Mortgage (IMH) opened at $8.44 on Wednesday. IMPAC Mortgage has a 52-week low of $7.84 and a 52-week high of $17.40. The company has a market cap of $166.35, a PE ratio of 5.12 and a beta of 0.24.
In related news, major shareholder Richard H/ Pickup purchased 35,000 shares of the company’s stock in a transaction on Tuesday, December 26th. The shares were bought at an average cost of $10.00 per share, for a total transaction of $350,000.00. Following the transaction, the insider now owns 120,000 shares of the company’s stock, valued at $1,200,000. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have acquired a total of 139,264 shares of company stock worth $1,404,169 over the last 90 days.
A number of analysts have commented on IMH shares. TheStreet downgraded shares of IMPAC Mortgage from a “c-” rating to a “d” rating in a research report on Monday, December 11th. BidaskClub downgraded shares of IMPAC Mortgage from a “sell” rating to a “strong sell” rating in a research report on Thursday, November 2nd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price 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.
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