ClearAlpha Technologies LP Sells 31,881 Shares of PennyMac Mortgage Investment Trust (NYSE:PMT)

ClearAlpha Technologies LP reduced its position in PennyMac Mortgage Investment Trust (NYSE:PMT - Free Report) by 74.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 10,866 shares of the real estate investment trust's stock after selling 31,881 shares during the period. ClearAlpha Technologies LP's holdings in PennyMac Mortgage Investment Trust were worth $137,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in PMT. Stifel Financial Corp increased its position in shares of PennyMac Mortgage Investment Trust by 169.6% in the third quarter. Stifel Financial Corp now owns 34,301 shares of the real estate investment trust's stock worth $489,000 after acquiring an additional 21,580 shares in the last quarter. Barclays PLC grew its position in PennyMac Mortgage Investment Trust by 218.7% during the third quarter. Barclays PLC now owns 148,734 shares of the real estate investment trust's stock valued at $2,121,000 after purchasing an additional 102,067 shares in the last quarter. Geode Capital Management LLC grew its position in PennyMac Mortgage Investment Trust by 1.6% during the third quarter. Geode Capital Management LLC now owns 2,021,922 shares of the real estate investment trust's stock valued at $28,838,000 after purchasing an additional 31,479 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new position in PennyMac Mortgage Investment Trust during the third quarter valued at approximately $28,000. Finally, Principal Financial Group Inc. grew its position in PennyMac Mortgage Investment Trust by 18.2% during the third quarter. Principal Financial Group Inc. now owns 506,349 shares of the real estate investment trust's stock valued at $7,221,000 after purchasing an additional 77,955 shares in the last quarter. 67.38% of the stock is owned by hedge funds and other institutional investors.

PennyMac Mortgage Investment Trust Stock Performance

Shares of PennyMac Mortgage Investment Trust stock traded up $0.16 on Friday, reaching $12.23. The stock had a trading volume of 1,130,955 shares, compared to its average volume of 818,084. The business's 50-day moving average price is $13.89 and its two-hundred day moving average price is $13.47. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.41 and a current ratio of 0.41. PennyMac Mortgage Investment Trust has a fifty-two week low of $11.77 and a fifty-two week high of $15.22. The stock has a market cap of $1.06 billion, a P/E ratio of 9.20 and a beta of 1.17.

PennyMac Mortgage Investment Trust (NYSE:PMT - Get Free Report) last issued its quarterly earnings data on Tuesday, April 22nd. The real estate investment trust reported ($0.01) earnings per share for the quarter, missing analysts' consensus estimates of $0.38 by ($0.39). PennyMac Mortgage Investment Trust had a return on equity of 11.48% and a net margin of 48.17%. The firm had revenue of $44.47 million during the quarter, compared to analyst estimates of $94.36 million. During the same quarter in the previous year, the firm posted $0.39 earnings per share. On average, sell-side analysts forecast that PennyMac Mortgage Investment Trust will post 1.54 EPS for the current year.

PennyMac Mortgage Investment Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 25th. Stockholders of record on Friday, April 11th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 13.08%. The ex-dividend date was Friday, April 11th. PennyMac Mortgage Investment Trust's payout ratio is 172.04%.

Insider Transactions at PennyMac Mortgage Investment Trust

In related news, Director Doug Jones sold 14,530 shares of PennyMac Mortgage Investment Trust stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $14.50, for a total transaction of $210,685.00. Following the sale, the director now directly owns 64,082 shares of the company's stock, valued at $929,189. This trade represents a 18.48 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.89% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

PMT has been the topic of a number of research analyst reports. Jones Trading reaffirmed a "hold" rating on shares of PennyMac Mortgage Investment Trust in a research report on Thursday. UBS Group lowered their price objective on shares of PennyMac Mortgage Investment Trust from $13.25 to $13.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 16th. Keefe, Bruyette & Woods reduced their target price on shares of PennyMac Mortgage Investment Trust from $15.50 to $14.50 and set an "outperform" rating for the company in a research note on Thursday. Finally, JMP Securities reiterated a "market outperform" rating and issued a $15.50 target price on shares of PennyMac Mortgage Investment Trust in a research note on Thursday, January 23rd. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, PennyMac Mortgage Investment Trust has an average rating of "Hold" and an average target price of $14.75.

About PennyMac Mortgage Investment Trust

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.