PennyMac Mortgage Investment Trust (NYSE:PMT) Stock Holdings Increased by Wedbush Securities Inc.

Wedbush Securities Inc. lifted its stake in shares of PennyMac Mortgage Investment Trust (NYSE:PMT - Free Report) by 41.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 76,125 shares of the real estate investment trust's stock after purchasing an additional 22,150 shares during the quarter. Wedbush Securities Inc. owned about 0.09% of PennyMac Mortgage Investment Trust worth $958,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in PMT. Wilmington Savings Fund Society FSB purchased a new position in PennyMac Mortgage Investment Trust in the 3rd quarter valued at about $28,000. Rialto Wealth Management LLC acquired a new position in shares of PennyMac Mortgage Investment Trust in the fourth quarter valued at approximately $25,000. Versant Capital Management Inc lifted its stake 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 valued at $28,000 after buying an additional 822 shares during the period. Principal Securities Inc. boosted its position in 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 acquiring an additional 2,288 shares during the last quarter. Finally, New Age Alpha Advisors LLC purchased a new stake in PennyMac Mortgage Investment Trust in the 4th quarter worth approximately $36,000. Hedge funds and other institutional investors own 67.38% of the company's stock.

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Insider Activity

In other PennyMac Mortgage Investment Trust news, Director Doug Jones sold 14,530 shares of the stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $14.50, for a total transaction of $210,685.00. Following the completion of the transaction, the director now directly owns 64,082 shares of the company's stock, valued at approximately $929,189. This trade represents a 18.48 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.89% of the company's stock.

Wall Street Analyst Weigh In

Separately, 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. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $15.20.

PennyMac Mortgage Investment Trust Stock Down 3.1 %

NYSE PMT traded down $0.40 during trading hours on Friday, reaching $12.23. 1,342,885 shares of the company traded hands, compared to its average volume of 794,690. The stock has a market capitalization of $1.06 billion, a PE ratio of 9.19 and a beta of 1.17. The company has a current ratio of 0.41, a quick ratio of 0.41 and a debt-to-equity ratio of 0.43. PennyMac Mortgage Investment Trust has a 12 month low of $11.77 and a 12 month high of $15.22. The company has a 50 day moving average of $14.08 and a two-hundred day moving average of $13.58.

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 (EPS) for the quarter, beating the consensus estimate 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%. As a group, equities analysts expect that PennyMac Mortgage Investment Trust will post 1.54 earnings per share for the current year.

PennyMac Mortgage Investment Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Friday, April 11th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 13.09%. The ex-dividend date of this dividend is Friday, April 11th. PennyMac Mortgage Investment Trust's payout ratio is 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.