PennyMac Mortgage Investment Trust (PMT) Stake Lessened by Pacad Investment Ltd.

Pacad Investment Ltd. lowered its position in PennyMac Mortgage Investment Trust (NYSE:PMT) by 45.1% during the second quarter, according to its most recent filing with the SEC. The firm owned 11,800 shares of the real estate investment trust’s stock after selling 9,700 shares during the period. Pacad Investment Ltd.’s holdings in PennyMac Mortgage Investment Trust were worth $216,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Ameritas Investment Partners Inc. acquired a new position in shares of PennyMac Mortgage Investment Trust in the 1st quarter worth approximately $104,000. ProShare Advisors LLC lifted its position in shares of PennyMac Mortgage Investment Trust by 198.3% in the 1st quarter. ProShare Advisors LLC now owns 33,844 shares of the real estate investment trust’s stock worth $145,000 after purchasing an additional 22,500 shares during the period. Campbell & CO Investment Adviser LLC acquired a new position in shares of PennyMac Mortgage Investment Trust in the 2nd quarter worth approximately $184,000. Jane Street Group LLC acquired a new position in shares of PennyMac Mortgage Investment Trust in the 1st quarter worth approximately $190,000. Finally, Neuberger Berman Group LLC acquired a new position in shares of PennyMac Mortgage Investment Trust in the 2nd quarter worth approximately $201,000. Hedge funds and other institutional investors own 62.47% of the company’s stock.

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Shares of PennyMac Mortgage Investment Trust (NYSE:PMT) opened at 16.85 on Wednesday. PennyMac Mortgage Investment Trust has a 1-year low of $14.28 and a 1-year high of $18.46. The company has a market cap of $1.13 billion, a price-to-earnings ratio of 10.07 and a beta of 0.51. The stock has a 50 day moving average of $17.33 and a 200 day moving average of $17.54.

PennyMac Mortgage Investment Trust (NYSE:PMT) last announced its quarterly earnings data on Thursday, August 3rd. The real estate investment trust reported $0.38 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.05). The firm had revenue of $83.96 million for the quarter, compared to analysts’ expectations of $80.12 million. PennyMac Mortgage Investment Trust had a net margin of 37.97% and a return on equity of 8.67%. The business’s quarterly revenue was up 76.4% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.08) EPS. Analysts predict that PennyMac Mortgage Investment Trust will post $1.64 EPS for the current year.

PMT has been the topic of a number of recent analyst reports. BidaskClub upgraded shares of PennyMac Mortgage Investment Trust from a “hold” rating to a “buy” rating in a research report on Saturday, August 26th. Zacks Investment Research downgraded shares of PennyMac Mortgage Investment Trust from a “buy” rating to a “hold” rating in a research report on Friday, May 26th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $17.46.

About PennyMac Mortgage Investment Trust

PennyMac Mortgage Investment Trust is a specialty finance company that invests primarily in residential mortgage loans and mortgage-related assets. The Company conducts all of its operations, and makes all of its investments, through PennyMac Operating Partnership, L.P. (its Operating Partnership) and its subsidiaries.

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Institutional Ownership by Quarter for PennyMac Mortgage Investment Trust (NYSE:PMT)

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