PennyMac Mortgage Investment Trust (PMT) Stake Lifted by SG Americas Securities LLC

SG Americas Securities LLC boosted its stake in PennyMac Mortgage Investment Trust (NYSE:PMT) by 34.9% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 52,504 shares of the real estate investment trust’s stock after purchasing an additional 13,596 shares during the period. SG Americas Securities LLC owned about 0.08% of PennyMac Mortgage Investment Trust worth $913,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. First Trust Advisors LP boosted its position in PennyMac Mortgage Investment Trust by 518.2% in the 3rd quarter. First Trust Advisors LP now owns 685,555 shares of the real estate investment trust’s stock valued at $11,922,000 after buying an additional 574,667 shares during the period. Advisors Asset Management Inc. lifted its position in shares of PennyMac Mortgage Investment Trust by 20.3% during the 2nd quarter. Advisors Asset Management Inc. now owns 1,209,057 shares of the real estate investment trust’s stock worth $22,114,000 after purchasing an additional 204,191 shares during the last quarter. Renaissance Technologies LLC purchased a new stake in shares of PennyMac Mortgage Investment Trust during the 1st quarter worth $2,388,000. Arrowstreet Capital Limited Partnership purchased a new stake in shares of PennyMac Mortgage Investment Trust during the 2nd quarter worth $2,321,000. Finally, Beach Point Capital Management LP purchased a new stake in shares of PennyMac Mortgage Investment Trust during the 2nd quarter worth $2,061,000. Hedge funds and other institutional investors own 62.95% of the company’s stock.

In other PennyMac Mortgage Investment Trust news, insider David Spector sold 18,750 shares of PennyMac Mortgage Investment Trust stock in a transaction on Wednesday, October 4th. The shares were sold at an average price of $17.61, for a total value of $330,187.50. The transaction was disclosed in a document filed with the SEC, which is available through this link. Over the last 90 days, insiders sold 75,000 shares of company stock worth $1,299,563. 2.08% of the stock is currently owned by company insiders.

PennyMac Mortgage Investment Trust (PMT) traded up $0.10 during midday trading on Wednesday, reaching $16.02. 609,900 shares of the company’s stock were exchanged, compared to its average volume of 481,074. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 0.46. The firm has a market capitalization of $1,043.84, a price-to-earnings ratio of 11.21 and a beta of 0.52. PennyMac Mortgage Investment Trust has a one year low of $14.87 and a one year high of $18.46.

PennyMac Mortgage Investment Trust (NYSE:PMT) last posted its quarterly earnings data on Thursday, November 2nd. The real estate investment trust reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.18). The business had revenue of $75.80 million during the quarter, compared to analyst estimates of $81.72 million. PennyMac Mortgage Investment Trust had a net margin of 36.07% and a return on equity of 7.59%. The company’s revenue for the quarter was down 26.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.06 earnings per share. research analysts anticipate that PennyMac Mortgage Investment Trust will post 1.32 EPS for the current year.

Several equities research analysts have recently issued reports on the stock. ValuEngine raised shares of PennyMac Mortgage Investment Trust from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Zacks Investment Research cut shares of PennyMac Mortgage Investment Trust from a “hold” rating to a “strong sell” rating in a research report on Thursday, November 30th. Keefe, Bruyette & Woods cut shares of PennyMac Mortgage Investment Trust from an “outperform” rating to a “market perform” rating and reduced their price target for the company from $19.00 to $18.00 in a research report on Tuesday, October 10th. Finally, BidaskClub raised shares of PennyMac Mortgage Investment Trust from a “hold” rating to a “buy” rating in a research report on Saturday, August 26th. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $18.50.

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PennyMac Mortgage Investment Trust Company Profile

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.

Institutional Ownership by Quarter for PennyMac Mortgage Investment Trust (NYSE:PMT)

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