Dana Investment Advisors Inc. Boosts Stake in PennyMac Mortgage Investment Trust (NYSE:PMT)

Dana Investment Advisors Inc. boosted its stake in PennyMac Mortgage Investment Trust (NYSE:PMT - Free Report) by 5.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 496,570 shares of the real estate investment trust's stock after acquiring an additional 23,948 shares during the period. Dana Investment Advisors Inc. owned about 0.57% of PennyMac Mortgage Investment Trust worth $6,252,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Versant Capital Management Inc boosted its stake in PennyMac Mortgage Investment Trust by 58.0% during the 4th quarter. Versant Capital Management Inc now owns 2,240 shares of the real estate investment trust's stock worth $28,000 after purchasing an additional 822 shares during the period. Wilmington Savings Fund Society FSB acquired a new stake in shares of PennyMac Mortgage Investment Trust during the third quarter worth about $28,000. Principal Securities Inc. grew 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 during the last quarter. Allworth Financial LP acquired a new position in PennyMac Mortgage Investment Trust in the 4th quarter valued at about $39,000. Finally, Motiv8 Investments LLC purchased a new stake in PennyMac Mortgage Investment Trust during the 4th quarter valued at approximately $129,000. Institutional investors and hedge funds own 67.38% of the company's stock.

Insider Transactions at PennyMac Mortgage Investment Trust

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

Remove Ads

Wall Street Analysts Forecast Growth

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

PennyMac Mortgage Investment Trust Stock Performance

PMT traded down $0.13 during trading on Monday, reaching $14.64. The company's stock had a trading volume of 754,856 shares, compared to its average volume of 732,770. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.41 and a current ratio of 0.41. The company's fifty day moving average price is $13.30 and its 200-day moving average price is $13.57. PennyMac Mortgage Investment Trust has a 52-week low of $11.77 and a 52-week high of $15.22. The company has a market capitalization of $1.27 billion, a price-to-earnings ratio of 11.00 and a beta of 1.51.

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

PennyMac Mortgage Investment Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Friday, April 11th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 10.93%. The ex-dividend date of this dividend is Friday, April 11th. PennyMac Mortgage Investment Trust's dividend payout ratio is currently 120.30%.

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.