Penserra Capital Management LLC Acquires 12,806 Shares of PennyMac Mortgage Investment Trust (NYSE:PMT)

Penserra Capital Management LLC raised its holdings in shares of PennyMac Mortgage Investment Trust (NYSE:PMT) by 16.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 91,855 shares of the real estate investment trust’s stock after purchasing an additional 12,806 shares during the period. Penserra Capital Management LLC’s holdings in PennyMac Mortgage Investment Trust were worth $1,309,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of PMT. Simplify Asset Management Inc. purchased a new position in shares of PennyMac Mortgage Investment Trust during the third quarter valued at approximately $143,000. Aigen Investment Management LP purchased a new position in PennyMac Mortgage Investment Trust during the 3rd quarter valued at $152,000. Allspring Global Investments Holdings LLC bought a new position in PennyMac Mortgage Investment Trust in the 2nd quarter worth $177,000. Caprock Group LLC lifted its position in shares of PennyMac Mortgage Investment Trust by 9.3% in the 3rd quarter. Caprock Group LLC now owns 13,647 shares of the real estate investment trust’s stock worth $195,000 after purchasing an additional 1,156 shares during the period. Finally, Caxton Associates LP bought a new stake in shares of PennyMac Mortgage Investment Trust during the 2nd quarter valued at about $232,000. Hedge funds and other institutional investors own 67.38% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Wedbush reissued a “neutral” rating and issued a $15.00 price target on shares of PennyMac Mortgage Investment Trust in a research note on Thursday, October 24th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, PennyMac Mortgage Investment Trust currently has a consensus rating of “Hold” and a consensus target price of $14.93.

Insider Activity at PennyMac Mortgage Investment Trust

In other PennyMac Mortgage Investment Trust news, Director Doug Jones sold 37,010 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $14.01, for a total transaction of $518,510.10. Following the transaction, the director now owns 49,114 shares in the company, valued at approximately $688,087.14. This represents a 42.97 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.89% of the stock is currently owned by insiders.

PennyMac Mortgage Investment Trust Stock Down 1.0 %

NYSE:PMT opened at $13.45 on Wednesday. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.41 and a current ratio of 0.41. The firm has a market cap of $1.17 billion, a P/E ratio of 9.89 and a beta of 1.51. PennyMac Mortgage Investment Trust has a fifty-two week low of $12.81 and a fifty-two week high of $15.89. The firm has a 50-day simple moving average of $13.78 and a two-hundred day simple moving average of $13.86.

PennyMac Mortgage Investment Trust (NYSE:PMT) last announced its quarterly earnings results on Tuesday, October 22nd. The real estate investment trust reported $0.36 earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.01). PennyMac Mortgage Investment Trust had a net margin of 53.81% and a return on equity of 11.90%. The firm had revenue of $80.86 million for the quarter, compared to the consensus estimate of $93.75 million. During the same period last year, the business earned $0.51 EPS. Analysts predict that PennyMac Mortgage Investment Trust will post 1.29 earnings per share for the current fiscal year.

PennyMac Mortgage Investment Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, October 25th. Stockholders of record on Friday, October 11th were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 11.90%. The ex-dividend date was Friday, October 11th. PennyMac Mortgage Investment Trust’s payout ratio is currently 117.65%.

PennyMac Mortgage Investment Trust Profile

PennyMac Mortgage Investment Trust, through its subsidiary, primarily invests in mortgage-related assets in the United States. The company operates through: Credit Sensitive Strategies, Interest Rate Sensitive Strategies, Correspondent Production segments. Its Credit Sensitive Strategies segment invests in credit risk transfer (CRT) agreements, CRT securities, subordinate mortgage-backed securities (MBS), distressed loans, and real estate.