Moors & Cabot Inc. Takes $36,000 Position in PennyMac Mortgage Investment Trust (NYSE:PMT)

Moors & Cabot Inc. purchased a new stake in PennyMac Mortgage Investment Trust (NYSE:PMT) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 35,000 shares of the real estate investment trust’s stock, valued at approximately $36,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Advisor Group Holdings Inc. boosted its holdings in shares of PennyMac Mortgage Investment Trust by 11.9% during the 3rd quarter. Advisor Group Holdings Inc. now owns 53,685 shares of the real estate investment trust’s stock valued at $1,057,000 after acquiring an additional 5,688 shares in the last quarter. Capital Analysts LLC acquired a new stake in shares of PennyMac Mortgage Investment Trust during the 3rd quarter valued at $230,000. Deutsche Bank AG boosted its holdings in shares of PennyMac Mortgage Investment Trust by 149.6% during the 3rd quarter. Deutsche Bank AG now owns 226,208 shares of the real estate investment trust’s stock valued at $4,454,000 after acquiring an additional 135,581 shares in the last quarter. Camden Capital LLC boosted its holdings in shares of PennyMac Mortgage Investment Trust by 157.8% during the 3rd quarter. Camden Capital LLC now owns 25,569 shares of the real estate investment trust’s stock valued at $503,000 after acquiring an additional 15,649 shares in the last quarter. Finally, Smith Graham & Co. Investment Advisors LP boosted its holdings in shares of PennyMac Mortgage Investment Trust by 3.9% during the 3rd quarter. Smith Graham & Co. Investment Advisors LP now owns 391,385 shares of the real estate investment trust’s stock valued at $7,706,000 after acquiring an additional 14,725 shares in the last quarter. Institutional investors own 70.82% of the company’s stock.

In related news, Director Scott W. Carnahan sold 4,796 shares of the business’s stock in a transaction dated Monday, October 25th. The stock was sold at an average price of $20.33, for a total value of $97,502.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.84% of the company’s stock.

Several research firms recently weighed in on PMT. BTIG Research raised PennyMac Mortgage Investment Trust from a “neutral” rating to a “buy” rating and set a $18.50 price objective on the stock in a report on Friday, January 7th. JMP Securities raised their price objective on PennyMac Mortgage Investment Trust from $20.50 to $22.00 and gave the company a “market outperform” rating in a report on Monday, October 18th. Barclays cut their price objective on PennyMac Mortgage Investment Trust from $19.00 to $18.00 in a report on Monday, January 10th. Zacks Investment Research downgraded PennyMac Mortgage Investment Trust from a “hold” rating to a “strong sell” rating in a report on Thursday, January 6th. Finally, B. Riley cut their target price on PennyMac Mortgage Investment Trust from $23.00 to $22.00 and set a “buy” rating on the stock in a report on Thursday, December 9th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, PennyMac Mortgage Investment Trust presently has an average rating of “Hold” and a consensus price target of $20.09.

Shares of NYSE:PMT opened at $18.31 on Friday. PennyMac Mortgage Investment Trust has a 1 year low of $16.76 and a 1 year high of $21.53. The company has a market capitalization of $1.78 billion, a price-to-earnings ratio of 13.87 and a beta of 1.13. The business’s 50-day moving average is $18.10 and its 200-day moving average is $19.22. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.63 and a quick ratio of 0.63.

PennyMac Mortgage Investment Trust (NYSE:PMT) last issued its earnings results on Thursday, November 4th. The real estate investment trust reported ($0.45) EPS for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.98). PennyMac Mortgage Investment Trust had a net margin of 26.51% and a return on equity of 7.49%. During the same period in the prior year, the business earned $0.94 earnings per share. Analysts anticipate that PennyMac Mortgage Investment Trust will post 2.63 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, January 31st. Investors of record on Friday, December 31st will be given a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a yield of 10.27%. The ex-dividend date of this dividend is Thursday, December 30th. PennyMac Mortgage Investment Trust’s payout ratio is 142.43%.

PennyMac Mortgage Investment Trust Profile

PennyMac Mortgage Investment Trust is a finance company, which invests primarily in residential mortgage loans and mortgage-related assets. It operates through following segments: Correspondent Production, Credit Sensitive Strategies, Interest Rate Sensitive Strategies, and Corporate Activities. The Correspondent Production segment deals with purchasing, pooling, and reselling newly originated prime credit quality mortgage loans either directly or in the form of mortgage-backed securities in capital markets.

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

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