33,241 Shares in PennyMac Mortgage Investment Trust (NYSE:PMT) Purchased by Virtu Financial LLC

Virtu Financial LLC purchased a new position in PennyMac Mortgage Investment Trust (NYSE:PMT - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 33,241 shares of the real estate investment trust's stock, valued at approximately $419,000.

Other large investors have also modified their holdings of the company. K2 Principal Fund L.P. acquired a new position in PennyMac Mortgage Investment Trust during the 3rd quarter worth $5,841,000. GraniteShares Advisors LLC acquired a new position in shares of PennyMac Mortgage Investment Trust during the fourth quarter worth about $2,461,000. Citigroup Inc. increased its stake in shares of PennyMac Mortgage Investment Trust by 43.2% during the third quarter. Citigroup Inc. now owns 407,660 shares of the real estate investment trust's stock worth $5,813,000 after buying an additional 123,079 shares during the period. Raymond James Financial Inc. acquired a new stake in PennyMac Mortgage Investment Trust in the fourth quarter valued at approximately $1,300,000. Finally, Barclays PLC lifted its stake in PennyMac Mortgage Investment Trust by 218.7% in the third quarter. Barclays PLC now owns 148,734 shares of the real estate investment trust's stock worth $2,121,000 after acquiring an additional 102,067 shares during the last quarter. Hedge funds and other institutional investors own 67.38% of the company's stock.

Insider Transactions at PennyMac Mortgage Investment Trust

In other news, Director Doug Jones sold 14,530 shares of the stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $14.50, for a total value of $210,685.00. Following the completion of the sale, the director now directly owns 64,082 shares of the company's stock, valued at approximately $929,189. This represents a 18.48 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.89% of the company's stock.

Remove Ads

Analysts Set New Price Targets

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

PennyMac Mortgage Investment Trust Stock Down 0.8 %

PMT stock traded down $0.12 during trading on Friday, hitting $14.65. 647,292 shares of the company's stock were exchanged, compared to its average volume of 771,478. The stock has a market capitalization of $1.27 billion, a price-to-earnings ratio of 11.01 and a beta of 1.51. PennyMac Mortgage Investment Trust has a 52-week low of $11.77 and a 52-week high of $15.22. The company has a current ratio of 0.41, a quick ratio of 0.41 and a debt-to-equity ratio of 0.43. The business has a 50-day moving average price of $13.94 and a two-hundred day moving average price of $13.63.

PennyMac Mortgage Investment Trust (NYSE:PMT - Get Free Report) last issued its earnings results on Thursday, January 30th. The real estate investment trust reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate 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%. As a group, equities research analysts expect 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 will be paid on Friday, April 25th. Shareholders of record on Friday, April 11th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 10.92%. The ex-dividend date is Friday, April 11th. PennyMac Mortgage Investment Trust's payout ratio is 120.30%.

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.