15,197 Shares in PennyMac Mortgage Investment Trust (NYSE:PMT) Purchased by Fox Run Management L.L.C.

Fox Run Management L.L.C. acquired a new position in shares of PennyMac Mortgage Investment Trust (NYSE:PMT) during the second quarter, Holdings Channel.com reports. The fund acquired 15,197 shares of the real estate investment trust’s stock, valued at approximately $332,000.

A number of other institutional investors and hedge funds also recently modified their holdings of PMT. Valeo Financial Advisors LLC purchased a new stake in PennyMac Mortgage Investment Trust during the 2nd quarter worth about $45,000. NEXT Financial Group Inc lifted its holdings in PennyMac Mortgage Investment Trust by 334.0% during the 2nd quarter. NEXT Financial Group Inc now owns 2,756 shares of the real estate investment trust’s stock worth $60,000 after purchasing an additional 2,121 shares in the last quarter. Quantamental Technologies LLC purchased a new stake in PennyMac Mortgage Investment Trust during the 1st quarter worth about $149,000. NumerixS Investment Technologies Inc lifted its holdings in PennyMac Mortgage Investment Trust by 709.8% during the 1st quarter. NumerixS Investment Technologies Inc now owns 8,908 shares of the real estate investment trust’s stock worth $186,000 after purchasing an additional 7,808 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. lifted its holdings in PennyMac Mortgage Investment Trust by 36.8% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 9,202 shares of the real estate investment trust’s stock worth $190,000 after purchasing an additional 2,473 shares in the last quarter. 70.69% of the stock is currently owned by institutional investors and hedge funds.

In other PennyMac Mortgage Investment Trust news, insider Jeffrey Grogin sold 1,862 shares of the firm’s stock in a transaction dated Tuesday, June 4th. The stock was sold at an average price of $18.69, for a total value of $34,800.78. Following the sale, the insider now owns 36,642 shares of the company’s stock, valued at approximately $684,838.98. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 2.45% of the company’s stock.

A number of analysts recently issued reports on PMT shares. Piper Jaffray Companies set a $75.00 price objective on Ionis Pharmaceuticals and gave the stock a “hold” rating in a report on Friday, May 24th. Zacks Investment Research raised DLH from a “sell” rating to a “hold” rating in a report on Tuesday, July 9th. Finally, Wedbush reaffirmed a “neutral” rating on shares of PennyMac Mortgage Investment Trust in a report on Friday, July 26th. Five research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $22.25.

NYSE:PMT opened at $22.21 on Wednesday. The firm has a 50-day simple moving average of $21.94. PennyMac Mortgage Investment Trust has a twelve month low of $17.88 and a twelve month high of $22.62. The stock has a market cap of $1.52 billion, a PE ratio of 11.16, a P/E/G ratio of 2.15 and a beta of 0.60. The company has a current ratio of 0.38, a quick ratio of 0.38 and a debt-to-equity ratio of 0.42.

PennyMac Mortgage Investment Trust (NYSE:PMT) last released its quarterly earnings results on Thursday, May 2nd. The real estate investment trust reported $0.68 earnings per share for the quarter, beating the consensus estimate of $0.43 by $0.25. PennyMac Mortgage Investment Trust had a return on equity of 13.71% and a net margin of 46.63%. The firm had revenue of $106.62 million for the quarter, compared to analysts’ expectations of $89.10 million. During the same quarter last year, the firm posted $0.35 EPS. As a group, equities analysts expect that PennyMac Mortgage Investment Trust will post 2.1 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 30th. Shareholders of record on Monday, July 15th were issued a $0.47 dividend. The ex-dividend date of this dividend was Friday, July 12th. This represents a $1.88 annualized dividend and a dividend yield of 8.46%. PennyMac Mortgage Investment Trust’s payout ratio is currently 94.47%.

PennyMac Mortgage Investment Trust Profile

PennyMac Mortgage Investment Trust, a specialty finance company, invests primarily in residential mortgage loans and mortgage-related assets in the United States. The company's Correspondent Production segment engages in purchasing, pooling, and reselling newly originated prime credit mortgage loans directly or in the form of mortgage-backed securities (MBS).

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

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