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Wednesday, February 1, 2023

Insights Into PennyMac Mortgage Investment Trust (PMT) Exposure By Institutions

After Hours

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. After-hours trades for PennyMac Mortgage Investment Trust (PMT) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.13, or 0.96%, to $13.66. The PennyMac Mortgage Investment Trust has recorded 12,236 volume in the after hours trading session. Most recently, Yahoo Finance reported about the stock as it publicized that PennyMac Mortgage Investment Trust Declares Fourth Quarter 2022 Dividend for Its Common Shares.


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Stocks Info

PennyMac Mortgage Investment Trust is listed on the NYSE in the Real Estate sector while operating in the REIT – Mortgage industry. At the end of the last regular session, the stock closed at $13.53 and fluctuated between $13.62 as its day high and $13.13 as its day low. The current market capitalization of PennyMac Mortgage Investment Trust is $1.21B. A total of 0.64 million shares were traded on the day, compared to an average of 1.14M shares.

Insider Activity

Insider trades are also considered as indicators of how a stock will perform in the future, in addition to stock predictions. During the recent three months, PMT has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 15 BUYs and 20 SELLs from insiders. Insiders purchased 156,569 shares during that period but sold 22,648.

In the most recent transaction, Lynch Catherine A. bought 5,000 shares of PMT for 12.39 per share on Dec 30. After the transaction, the Director now owns 10,600 company shares. In a previous transaction on Sep 08, SPECTOR DAVID bought 20,000 shares at 13.71 per share. PMT shares that Chairman and CEO owns now total 232,574.

Among the insiders who sold shares, Carnahan Scott W. disposed of 1,420 shares on Mar 07 at a per-share price of $15.75. This resulted in the Director holding 11,696 shares of PMT after the transaction. In another insider transaction, Stewart Stacey D. sold 688 shares at $15.75 per share on Mar 07. Company shares held by the Director now total 38,416.

Dividend

The reasons why investors prefer dividend-paying companies are that dividends generate immediate cash flow and indicate that the company will perform well in the future. PMT’s most recent ex-dividend date was 12/29/2022 when it declared a $0.40 quarterly dividend that was paid in cash on 1/27/2023. Previously, the company paid the dividend on 10/28/2022 with an ex-dividend date of 10/13/2022. The PMT stock dividend was $0.47 per share in cash.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. According to analysts who have offered 12-month price targets for PMT in the last 3 months, the mean price target is $15.45 with high estimates of $18.00 and low estimates of $13.50. In terms of 52-week highs and lows, PMT has a high of $18.67 and a low of $10.78.

As of this writing, PMT has an earnings estimate of $0.41 per share for the current quarter. EPS was calculated based on a consensus of 9 estimates, with a high estimate of $0.59 per share and a lower estimate of $0.24. The company reported an EPS of -$0.88 in the last quarter, which was -482.60% lower than expectations of $0.23.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Currently, 11 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for PMT is Hold with a score of 4.33. A total of 5 analysts rated the stock as Buy while 0 rated it as Overweight while 6 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.

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