Koch Inc. Acquires Shares of 15,126,917 Claros Mortgage Trust, Inc. (NYSE:CMTG)

Koch Inc. acquired a new stake in Claros Mortgage Trust, Inc. (NYSE:CMTG - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 15,126,917 shares of the company's stock, valued at approximately $68,374,000. Claros Mortgage Trust comprises about 24.2% of Koch Inc.'s portfolio, making the stock its 2nd largest position. Koch Inc. owned approximately 10.85% of Claros Mortgage Trust at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Sei Investments Co. raised its holdings in shares of Claros Mortgage Trust by 19.0% during the 4th quarter. Sei Investments Co. now owns 23,828 shares of the company's stock worth $108,000 after acquiring an additional 3,800 shares during the period. Quantbot Technologies LP acquired a new stake in Claros Mortgage Trust during the fourth quarter worth about $69,000. Intech Investment Management LLC raised its stake in Claros Mortgage Trust by 185.3% during the fourth quarter. Intech Investment Management LLC now owns 43,381 shares of the company's stock worth $196,000 after purchasing an additional 28,174 shares during the period. Proficio Capital Partners LLC acquired a new position in Claros Mortgage Trust in the 4th quarter valued at about $47,000. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Claros Mortgage Trust by 19.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,679,701 shares of the company's stock valued at $7,592,000 after buying an additional 277,053 shares during the period. 89.53% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CFO Mike Mcgillis acquired 24,115 shares of the business's stock in a transaction dated Wednesday, March 12th. The shares were acquired at an average price of $3.30 per share, with a total value of $79,579.50. Following the completion of the transaction, the chief financial officer now owns 475,945 shares of the company's stock, valued at $1,570,618.50. The trade was a 5.34 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Richard Mack acquired 25,000 shares of Claros Mortgage Trust stock in a transaction dated Wednesday, March 12th. The stock was bought at an average price of $3.38 per share, for a total transaction of $84,500.00. Following the completion of the purchase, the chief executive officer now owns 2,589,981 shares of the company's stock, valued at approximately $8,754,135.78. This represents a 0.97 % increase in their position. The disclosure for this purchase can be found here. Insiders have acquired 169,115 shares of company stock worth $547,930 over the last three months. Company insiders own 1.40% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on CMTG. UBS Group reduced their price target on shares of Claros Mortgage Trust from $6.00 to $5.25 and set a "buy" rating on the stock in a research report on Tuesday, February 25th. Wells Fargo & Company reduced their target price on Claros Mortgage Trust from $8.00 to $3.00 and set an "underweight" rating on the stock in a research report on Tuesday, February 25th. Finally, Keefe, Bruyette & Woods lowered their price target on Claros Mortgage Trust from $4.00 to $2.50 and set an "underperform" rating for the company in a report on Thursday, February 27th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $4.31.

Claros Mortgage Trust Trading Down 3.3 %

Claros Mortgage Trust stock traded down $0.14 during trading on Wednesday, hitting $3.91. The company had a trading volume of 929,015 shares, compared to its average volume of 548,379. The stock has a market cap of $544.21 million, a price-to-earnings ratio of -2.46 and a beta of 1.62. The company has a current ratio of 25.67, a quick ratio of 20.68 and a debt-to-equity ratio of 2.08. Claros Mortgage Trust, Inc. has a 1-year low of $2.13 and a 1-year high of $9.81. The company's 50 day simple moving average is $3.30 and its 200-day simple moving average is $5.23.

Claros Mortgage Trust (NYSE:CMTG - Get Free Report) last issued its quarterly earnings data on Wednesday, February 19th. The company reported $0.15 earnings per share for the quarter, beating analysts' consensus estimates of $0.12 by $0.03. Claros Mortgage Trust had a positive return on equity of 4.72% and a negative net margin of 89.07%. The business had revenue of $60.23 million during the quarter, compared to analysts' expectations of $58.07 million. As a group, analysts expect that Claros Mortgage Trust, Inc. will post 0.27 EPS for the current fiscal year.

About Claros Mortgage Trust

Claros Mortgage Trust, Inc operates as a real estate investment trust. It focuses on originating senior and subordinate loans on transitional commercial real estate assets in the United States. The company has elected to be taxed as a real estate investment trust. As a result, it would not be subject to corporate income tax on that portion of its net income that is distributed to shareholders.