9,100 Shares in PennyMac Mortgage Investment Trust (NYSE:PMT) Acquired by Murphy & Mullick Capital Management Corp

Murphy & Mullick Capital Management Corp bought a new stake in PennyMac Mortgage Investment Trust (NYSE:PMT) in the fourth quarter, Holdings Channel.com reports. The institutional investor bought 9,100 shares of the real estate investment trust’s stock, valued at approximately $118,000.

Other hedge funds also recently modified their holdings of the company. K2 Principal Fund L.P. bought a new stake in PennyMac Mortgage Investment Trust in the third quarter worth $5,841,000. GraniteShares Advisors LLC bought a new stake in shares of PennyMac Mortgage Investment Trust during the 4th quarter worth about $2,461,000. Citigroup Inc. increased its holdings in shares of PennyMac Mortgage Investment Trust by 43.2% during the 3rd quarter. Citigroup Inc. now owns 407,660 shares of the real estate investment trust’s stock valued at $5,813,000 after acquiring an additional 123,079 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of PennyMac Mortgage Investment Trust in the 4th quarter valued at approximately $1,300,000. Finally, Barclays PLC lifted its holdings in PennyMac Mortgage Investment Trust by 218.7% in the 3rd quarter. Barclays PLC now owns 148,734 shares of the real estate investment trust’s stock worth $2,121,000 after purchasing an additional 102,067 shares during the last quarter. Institutional investors and hedge funds own 67.38% of the company’s stock.

Analyst Ratings Changes

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

Insider Transactions at PennyMac Mortgage Investment Trust

In other news, Director Doug Jones sold 14,530 shares of PennyMac Mortgage Investment Trust stock in a transaction that occurred 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 sale, the director now 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 Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.89% of the company’s stock.

PennyMac Mortgage Investment Trust Price Performance

NYSE PMT opened at $14.68 on Thursday. The stock has a 50-day simple moving average of $13.85 and a 200 day simple moving average of $13.62. PennyMac Mortgage Investment Trust has a twelve month low of $11.77 and a twelve month high of $15.22. The stock has a market capitalization of $1.27 billion, a PE ratio of 11.03 and a beta of 1.51. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.41 and a current ratio of 0.41.

PennyMac Mortgage Investment Trust (NYSE:PMT) last issued its quarterly earnings results on Thursday, January 30th. The real estate investment trust reported $0.41 EPS for the quarter, topping 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%. Research analysts anticipate that PennyMac Mortgage Investment Trust will post 1.54 EPS for the current year.

PennyMac Mortgage Investment Trust Announces Dividend

The business 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 $0.40 dividend. The ex-dividend date of this dividend is Friday, April 11th. This represents a $1.60 annualized dividend and a yield of 10.90%. PennyMac Mortgage Investment Trust’s dividend 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.