IMPAC Mortgage Holdings, Inc (IMH) Major Shareholder Sells $362,500.00 in Stock

IMPAC Mortgage Holdings, Inc (NYSEAMERICAN:IMH) major shareholder Todd M. Pickup sold 50,000 shares of IMPAC Mortgage stock in a transaction that occurred on Wednesday, September 26th. The stock was sold at an average price of $7.25, for a total value of $362,500.00. Following the transaction, the insider now directly owns 100,000 shares in the company, valued at approximately $725,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

IMH opened at $3.90 on Friday. IMPAC Mortgage Holdings, Inc has a 52 week low of $2.93 and a 52 week high of $10.45.

IMPAC Mortgage (NYSEAMERICAN:IMH) last released its quarterly earnings results on Wednesday, November 7th. The company reported ($0.42) EPS for the quarter. The business had revenue of $19.39 million during the quarter.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in IMH. Rhumbline Advisers increased its position in IMPAC Mortgage by 39.7% during the fourth quarter. Rhumbline Advisers now owns 14,041 shares of the company’s stock worth $53,000 after buying an additional 3,990 shares during the period. Beacon Pointe Wealth Advisors LLC acquired a new position in IMPAC Mortgage during the fourth quarter worth approximately $286,000. Finally, BlackRock Inc. increased its position in IMPAC Mortgage by 1.2% during the fourth quarter. BlackRock Inc. now owns 566,349 shares of the company’s stock worth $2,141,000 after buying an additional 6,795 shares during the period.

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IMPAC Mortgage Company Profile

Impac Mortgage Holdings, Inc operates as an independent residential mortgage lender in the United States. It operates through three segments: Mortgage Lending, Real Estate Services, and Long-Term Mortgage Portfolio. The Mortgage Lending segment primarily originates, sells, and services residential mortgage loans eligible for government securities issued through Ginnie Mae.

See Also: Earnings Per Share

Insider Buying and Selling by Quarter for IMPAC Mortgage (NYSEAMERICAN:IMH)

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