Richard Mack Buys 20,603 Shares of Claros Mortgage Trust (NYSE:CMTG) Stock

Claros Mortgage Trust, Inc. (NYSE:CMTG) CEO Richard Mack purchased 20,603 shares of Claros Mortgage Trust stock in a transaction dated Friday, September 4th. The shares were purchased at an average cost of $1.59 per share, for a total transaction of $32,758.77. Following the transaction, the chief executive officer owned 3,110,911 shares in the company, valued at approximately $4,946,348.49. This trade represents a 0.67% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Richard Mack also recently made the following trade(s):

• On Thursday, September 3rd, Richard Mack acquired 200,000 shares of Claros Mortgage Trust stock. The stock was acquired at an average price of $1.59 per share, with a total value of $318,000.00.

Claros Mortgage Trust Price Performance

CMTG stock opened at $1.57 on Thursday. The business has a fifty day moving average of $1.93 and a two-hundred day moving average of $2.25. The company has a quick ratio of 21.44, a current ratio of 21.44 and a debt-to-equity ratio of 1.81. The stock has a market cap of $222.20 million, a price-to-earnings ratio of -0.41 and a beta of 1.14. Claros Mortgage Trust, Inc. has a 52-week low of $1.44 and a 52-week high of $3.99.

Claros Mortgage Trust (NYSE:CMTG) last announced its quarterly earnings results on Wednesday, July 29th. The company reported ($0.63) EPS for the quarter, missing the consensus estimate of ($0.25) by ($0.38). The business had revenue of $30.00 million during the quarter, compared to analyst estimates of $33.55 million. Claros Mortgage Trust had a negative net margin of 354.13% and a negative return on equity of 19.70%. As a group, research analysts anticipate that Claros Mortgage Trust, Inc. will post -2.67 earnings per share for the current year.

Hedge Funds Weigh In On Claros Mortgage Trust

Hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in Claros Mortgage Trust by 2.3% during the third quarter. Vanguard Group Inc. now owns 6,616,998 shares of the company’s stock worth $21,968,000 after purchasing an additional 149,944 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of Claros Mortgage Trust by 11.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,621,983 shares of the company’s stock valued at $11,083,000 after purchasing an additional 383,859 shares during the period. Balyasny Asset Management L.P. boosted its stake in shares of Claros Mortgage Trust by 22.9% in the second quarter. Balyasny Asset Management L.P. now owns 1,946,597 shares of the company’s stock valued at $5,548,000 after purchasing an additional 362,130 shares during the period. Hotchkis & Wiley Capital Management LLC grew its holdings in shares of Claros Mortgage Trust by 53.9% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 1,805,395 shares of the company’s stock valued at $5,994,000 after purchasing an additional 632,105 shares in the last quarter. Finally, LM Asset Management Inc. acquired a new position in shares of Claros Mortgage Trust in the fourth quarter valued at approximately $1,634,000. 89.53% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Weiss Ratings lowered shares of Claros Mortgage Trust from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Monday, August 3rd. Wall Street Zen downgraded shares of Claros Mortgage Trust from a “hold” rating to a “strong sell” rating in a research note on Saturday, August 1st. UBS Group assumed coverage on shares of Claros Mortgage Trust in a report on Thursday, July 16th. They issued a “neutral” rating and a $2.75 price objective on the stock. Wells Fargo & Company lowered their price objective on shares of Claros Mortgage Trust from $2.50 to $1.75 and set an “underweight” rating for the company in a research report on Wednesday, August 5th. Finally, Keefe, Bruyette & Woods dropped their target price on shares of Claros Mortgage Trust from $2.50 to $2.15 and set an “underperform” rating for the company in a report on Tuesday, August 4th. One investment analyst has rated the stock with a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Strong Sell” and a consensus target price of $2.22.

Claros Mortgage Trust Company Profile

Claros Mortgage Trust is a specialty finance company structured as a real estate investment trust that acquires and manages a portfolio of newly originated, conventional residential mortgage loans guaranteed or insured by U.S. government‐sponsored enterprises. The company concentrates on Agency collateral, including loans backed by Ginnie Mae, Fannie Mae and Freddie Mac, aiming to generate current income while preserving capital through high‐quality, credit‐enhanced assets.

Under an external management agreement with Claros Mortgage Capital Advisors LLC, the firm leverages a seasoned team to source, underwrite and service mortgage assets.