Caprock Group LLC Buys 1,156 Shares of PennyMac Mortgage Investment Trust (NYSE:PMT)

Caprock Group LLC grew its position in shares of PennyMac Mortgage Investment Trust (NYSE:PMT) by 9.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,647 shares of the real estate investment trust’s stock after buying an additional 1,156 shares during the quarter. Caprock Group LLC’s holdings in PennyMac Mortgage Investment Trust were worth $195,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of PMT. Bank of New York Mellon Corp boosted its holdings in shares of PennyMac Mortgage Investment Trust by 1.2% in the second quarter. Bank of New York Mellon Corp now owns 792,354 shares of the real estate investment trust’s stock worth $10,895,000 after buying an additional 9,506 shares during the last quarter. Van ECK Associates Corp boosted its stake in shares of PennyMac Mortgage Investment Trust by 34.4% during the 2nd quarter. Van ECK Associates Corp now owns 622,133 shares of the real estate investment trust’s stock worth $8,554,000 after acquiring an additional 159,131 shares during the last quarter. Principal Financial Group Inc. grew its position in shares of PennyMac Mortgage Investment Trust by 18.2% during the 3rd quarter. Principal Financial Group Inc. now owns 506,349 shares of the real estate investment trust’s stock valued at $7,221,000 after acquiring an additional 77,955 shares during the period. Wolverine Asset Management LLC increased its stake in shares of PennyMac Mortgage Investment Trust by 105.8% in the 3rd quarter. Wolverine Asset Management LLC now owns 461,323 shares of the real estate investment trust’s stock worth $6,578,000 after purchasing an additional 237,210 shares in the last quarter. Finally, Dana Investment Advisors Inc. raised its holdings in PennyMac Mortgage Investment Trust by 40.7% in the 2nd quarter. Dana Investment Advisors Inc. now owns 427,941 shares of the real estate investment trust’s stock worth $5,884,000 after purchasing an additional 123,890 shares during the period. Institutional investors own 67.38% of the company’s stock.

Insiders Place Their Bets

In other news, Director Doug Jones sold 37,010 shares of the company’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $14.01, for a total transaction of $518,510.10. Following the sale, the director now directly owns 49,114 shares of the company’s stock, valued at $688,087.14. This represents a 42.97 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.89% of the company’s stock.

Analysts Set New Price Targets

Separately, Wedbush restated a “neutral” rating and issued a $15.00 price target on shares of PennyMac Mortgage Investment Trust in a research report on Thursday, October 24th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, PennyMac Mortgage Investment Trust presently has an average rating of “Hold” and a consensus target price of $14.93.

PennyMac Mortgage Investment Trust Price Performance

Shares of PennyMac Mortgage Investment Trust stock opened at $13.43 on Monday. The company has a market capitalization of $1.17 billion, a price-to-earnings ratio of 9.88 and a beta of 1.51. The company has a quick ratio of 0.41, a current ratio of 0.41 and a debt-to-equity ratio of 1.56. The stock’s 50-day simple moving average is $13.81 and its 200-day simple moving average is $13.88. PennyMac Mortgage Investment Trust has a 52 week low of $12.81 and a 52 week high of $15.89.

PennyMac Mortgage Investment Trust (NYSE:PMT) last posted its quarterly earnings results on Tuesday, October 22nd. The real estate investment trust reported $0.36 earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.01). The business had revenue of $80.86 million during the quarter, compared to the consensus estimate of $93.75 million. PennyMac Mortgage Investment Trust had a return on equity of 11.90% and a net margin of 53.81%. During the same quarter in the previous year, the company earned $0.51 earnings per share. As a group, analysts expect that PennyMac Mortgage Investment Trust will post 1.29 earnings per share for the current fiscal year.

PennyMac Mortgage Investment Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, October 25th. Shareholders of record on Friday, October 11th were issued a $0.40 dividend. The ex-dividend date was Friday, October 11th. This represents a $1.60 dividend on an annualized basis and a yield of 11.91%. PennyMac Mortgage Investment Trust’s dividend payout ratio is currently 117.65%.

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.