According to the most recent filing that Creative Planning has made with the SEC, the company increased its holdings in PennyMac Mortgage Investment Trust during the third quarter of this year (NYSE: PMT).
The investment fund shelled out close to 130,000 dollars to purchase 10,837 shares of the real estate investment trust (REIT), which allowed them to buy REIT equity.
Institutional investors and hedge funds have bought and sold company shares in recent transactions.
These transactions involve the company’s stock.
During the second quarter, CWM LLC achieved a 78.6 percent increase in the proportion of PennyMac Mortgage Investment Trust shares that it owned. CWM LLC has a total of 1,918 shares of the real estate investment trust stock after making additional purchases of 844 shares during the period in question.
Each share of this real estate investment trust’s stock has a value of $27,000. Federated Hermes INC increased its overall holdings in PennyMac Mortgage Investment Trust by investing approximately $33,000 more in the company during the second quarter. Rockefeller Capital Management L.P.
Increased the amount of PennyMac Mortgage Investment Trust stock owned by 30.6% during the third quarter. Rockefeller Capital Management L.P. now has a total of 3,346 shares of the real estate investment trust, worth $38,000, thanks to additional purchases of 783 shares made over time.
During the second quarter, Steward Partners Investment Advisory LLC increased the percentage of PennyMac Mortgage Investment Trust shares it owned by 32.9%.
After making an additional purchase of 1,200 shares during the month, Steward Partners Investment Advisory LLC is now the owner of 4,850 shares of the real estate investment trust.
These shares are currently valued at a total of $67,000 because the company recently made an additional purchase of them.
During the second quarter, Capital Analysts LLC successfully acquired a new investment in PennyMac Mortgage Investment Trust valued at approximately $81,000.
During that time frame, this fresh investment was put in place.
The current ownership of the company’s stock is held by hedge funds and other institutional investors, who collectively account for 71.21% of the total.
Records of PMT trades kept by various brokerages previously unavailable to the general public are now viewable online.
The price objective for PennyMac Mortgage Investment Trust was lowered to $15.00, as stated in a research note issued by Credit Suisse Group on Thursday, October 13, and published online.
A research note published on November 30 by JonesTrading indicated that the “buy” rating that the brokerage had previously given to PennyMac Mortgage Investment Trust had been replaced with a “hold” rating for the investment vehicle.
As part of its company coverage, StockNews.com released the first research note related to PennyMac Mortgage Investment Trust on October 12.
They recommended “selling” the stock to prospective buyers.
In a research note published on Monday, Piper Jaffray decreased their price objective for PennyMac Mortgage Investment Trust from $16.00 to $15.00 and downgraded the stock from “overweight” to “neutral.” They explained their choice by stating that it was derived from their situation evaluation.
The target price that B. Riley has set for PennyMac Mortgage Investment Trust has increased from $15.00 to $16.00, as stated in a research note published on November 21. Currently, a total of seven ratings have been assigned to the stock by various industry professionals, including four hold ratings, two buy ratings, one sell rating, and three hold ratings.
According to information from Bloomberg.com, the current rating for PennyMac Mortgage Investment Trust is “Hold,” and the company’s price objective is anticipated to average $15.57 in the not-too-distant future.
Both of these figures were derived from the data.
A share of PMT stock started the trading day on Thursday at an opening price of $14.42.
The quick ratio is 0.45, the current ratio is 0.39, and the debt-to-equity ratio is 1.38.
All three ratios are very close to each other.
There is a striking similarity between each of the three ratios.
The stock’s moving average over the past 50 days comes in at $14.15, and the price’s moving average over the past 200 days comes in at $14.12.
The enterprise has a price-to-earnings ratio of -11.44, a beta of 1.39, and a market capitalization of $1.28 billion.
PennyMac Mortgage Investment Trust hit an all-time low of $10.78 during its 52-week trading period, while the company reached an all-time high of $17.24 during the same period.
In addition, a quarterly dividend was distributed by the company on Friday, January 27, after it was approved by the board of directors and received by shareholders. On Friday, December 30, a dividend payment to shareholders of record of $0.40 per share was made to each of those shareholders.
This translates into a dividend payment of $1.60 per year, giving the stock a yield of 11.10%. On December 29, the dividend payment, which was initially subject to certain deductions, finally got underway.
A negative value of 126.98 percent has been assigned to the dividend payout ratio for PennyMac Mortgage Investment Trust at present.
It was reported on February 7 that Marianne Sullivan, a company director, had recently purchased 9,900 shares of company stock.
This information was found in related news on February 7.
The total amount spent on the stock was $138,600.00, equivalent to a price of $14.00 per share on average.
Because of the transaction, the director now has control over 11,600 shares of the company, which gives him a combined worth of approximately $162,400 in the business. When you follow this link, you will be taken to the SEC filing that contains more information about the acquisition.
The total number of shares held by company insiders amounts to 0.78% of the total number of shares outstanding.