Envestnet Asset Management Inc. Buys Shares of 10,395 Claros Mortgage Trust, Inc. (NYSE:CMTG)

Envestnet Asset Management Inc. purchased a new stake in Claros Mortgage Trust, Inc. (NYSE:CMTG) during the fourth quarter, Holdings Channel.com reports. The firm purchased 10,395 shares of the company’s stock, valued at approximately $47,000.

A number of other hedge funds have also recently made changes to their positions in CMTG. SG Americas Securities LLC raised its holdings in Claros Mortgage Trust by 18.4% in the fourth quarter. SG Americas Securities LLC now owns 23,769 shares of the company’s stock worth $107,000 after purchasing an additional 3,694 shares in the last quarter. Sei Investments Co. lifted its position in Claros Mortgage Trust by 19.0% during the fourth quarter. Sei Investments Co. now owns 23,828 shares of the company’s stock valued at $108,000 after acquiring an additional 3,800 shares during the last quarter. Arlington Trust Co LLC purchased a new stake in Claros Mortgage Trust during the fourth quarter valued at approximately $43,000. Proficio Capital Partners LLC purchased a new position in Claros Mortgage Trust in the fourth quarter worth $47,000. Finally, Geode Capital Management LLC grew its holdings in Claros Mortgage Trust by 0.5% in the fourth quarter. Geode Capital Management LLC now owns 2,330,895 shares of the company’s stock worth $10,538,000 after purchasing an additional 10,835 shares during the last quarter. 89.53% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Claros Mortgage Trust

In other Claros Mortgage Trust news, CFO Mike Mcgillis purchased 24,115 shares of Claros Mortgage Trust stock in a transaction that occurred on Wednesday, March 12th. The stock was bought at an average price of $3.30 per share, with a total value of $79,579.50. Following the acquisition, the chief financial officer now owns 475,945 shares of the company’s stock, valued at $1,570,618.50. This trade represents a 5.34 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Richard Mack acquired 115,000 shares of the company’s stock in a transaction on Monday, March 10th. The stock was acquired at an average cost of $3.19 per share, for a total transaction of $366,850.00. Following the completion of the acquisition, the chief executive officer now owns 2,564,981 shares of the company’s stock, valued at $8,182,289.39. This trade represents a 4.69 % increase in their position. The disclosure for this purchase can be found here. Insiders have purchased 169,115 shares of company stock worth $547,930 over the last quarter. 1.40% of the stock is currently owned by insiders.

Analysts Set New Price Targets

CMTG has been the subject of a number of recent analyst reports. Wells Fargo & Company lowered their price objective on Claros Mortgage Trust from $8.00 to $3.00 and set an “underweight” rating for the company in a research report on Tuesday, February 25th. UBS Group dropped their price target on Claros Mortgage Trust from $5.25 to $3.50 and set a “buy” rating on the stock in a research note on Wednesday, April 16th. Finally, Keefe, Bruyette & Woods decreased their price objective on shares of Claros Mortgage Trust from $4.00 to $2.50 and set an “underperform” rating for the company in a research report on Thursday, February 27th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, Claros Mortgage Trust has a consensus rating of “Hold” and a consensus target price of $3.88.

Claros Mortgage Trust Stock Up 0.4 %

Claros Mortgage Trust stock opened at $2.44 on Friday. The business’s 50-day simple moving average is $2.99 and its two-hundred day simple moving average is $4.22. The company has a debt-to-equity ratio of 2.08, a quick ratio of 20.68 and a current ratio of 25.67. The company has a market cap of $340.05 million, a PE ratio of -1.53 and a beta of 1.17. Claros Mortgage Trust, Inc. has a fifty-two week low of $2.13 and a fifty-two week high of $9.81.

Claros Mortgage Trust (NYSE:CMTG) last issued its quarterly earnings results on Wednesday, May 7th. The company reported ($0.25) earnings per share for the quarter, topping the consensus estimate of ($0.32) by $0.07. Claros Mortgage Trust had a negative net margin of 89.07% and a positive return on equity of 4.72%. The company had revenue of $44.50 million for the quarter, compared to the consensus estimate of $41.91 million. Equities analysts anticipate that Claros Mortgage Trust, Inc. will post 0.27 EPS for the current year.

Claros Mortgage Trust Company Profile

Claros Mortgage Trust, Inc operates as a real estate investment trust. It focuses on originating senior and subordinate loans on transitional commercial real estate assets in the United States. The company has elected to be taxed as a real estate investment trust. As a result, it would not be subject to corporate income tax on that portion of its net income that is distributed to shareholders.