O Shaughnessy Asset Management LLC Sells 56,761 Shares of PennyMac Mortgage Investment Trust (NYSE:PMT)

O Shaughnessy Asset Management LLC reduced its position in shares of PennyMac Mortgage Investment Trust (NYSE:PMT - Free Report) by 30.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 132,287 shares of the real estate investment trust's stock after selling 56,761 shares during the period. O Shaughnessy Asset Management LLC owned approximately 0.15% of PennyMac Mortgage Investment Trust worth $1,665,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in PMT. Rialto Wealth Management LLC acquired a new position in shares of PennyMac Mortgage Investment Trust during the fourth quarter worth $25,000. Wilmington Savings Fund Society FSB acquired a new position in shares of PennyMac Mortgage Investment Trust during the third quarter worth $28,000. Versant Capital Management Inc increased its holdings in shares of PennyMac Mortgage Investment Trust by 58.0% during the fourth quarter. Versant Capital Management Inc now owns 2,240 shares of the real estate investment trust's stock worth $28,000 after buying an additional 822 shares in the last quarter. Principal Securities Inc. increased its holdings in shares of PennyMac Mortgage Investment Trust by 2,042.9% during the fourth quarter. Principal Securities Inc. now owns 2,400 shares of the real estate investment trust's stock worth $30,000 after buying an additional 2,288 shares in the last quarter. Finally, New Age Alpha Advisors LLC acquired a new position in shares of PennyMac Mortgage Investment Trust during the fourth quarter worth $36,000. 67.38% of the stock is currently owned by institutional investors and hedge funds.

Remove Ads

Analysts Set New Price Targets

Separately, JMP Securities reissued a "market outperform" rating and issued a $15.50 price objective on shares of PennyMac Mortgage Investment Trust in a research note on Thursday, January 23rd. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, PennyMac Mortgage Investment Trust currently has an average rating of "Moderate Buy" and a consensus target price of $15.20.

PennyMac Mortgage Investment Trust Trading Down 4.5 %

Shares of PennyMac Mortgage Investment Trust stock traded down $0.60 during trading on Thursday, hitting $12.81. The company's stock had a trading volume of 392,380 shares, compared to its average volume of 790,997. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.41 and a quick ratio of 0.41. PennyMac Mortgage Investment Trust has a 52 week low of $11.77 and a 52 week high of $15.22. The stock has a market cap of $1.11 billion, a price-to-earnings ratio of 9.62 and a beta of 1.17. The stock has a 50-day moving average price of $14.12 and a two-hundred day moving average price of $13.61.

PennyMac Mortgage Investment Trust (NYSE:PMT - Get Free Report) last issued its quarterly earnings results on Thursday, January 30th. The real estate investment trust reported $0.41 EPS for the quarter, beating analysts' consensus estimates of $0.37 by $0.04. PennyMac Mortgage Investment Trust had a net margin of 48.17% and a return on equity of 11.48%. Equities research analysts anticipate that PennyMac Mortgage Investment Trust will post 1.54 EPS for the current fiscal year.

PennyMac Mortgage Investment Trust Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Friday, April 11th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, April 11th. This represents a $1.60 dividend on an annualized basis and a yield of 12.49%. PennyMac Mortgage Investment Trust's dividend payout ratio (DPR) is currently 120.30%.

Insider Buying and Selling at PennyMac Mortgage Investment Trust

In other news, Director Doug Jones sold 14,530 shares of the stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $14.50, for a total transaction of $210,685.00. Following the transaction, the director now owns 64,082 shares of the company's stock, valued at $929,189. This represents a 18.48 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.89% of the company's stock.

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.