Samalin Investment Counsel LLC Sells 2,295 Shares of PennyMac Mortgage Investment Trust (NYSE:PMT)

Samalin Investment Counsel LLC lessened its holdings in PennyMac Mortgage Investment Trust (NYSE:PMT) by 14.5% during the fourth quarter, HoldingsChannel.com reports. The fund owned 13,581 shares of the real estate investment trust’s stock after selling 2,295 shares during the period. Samalin Investment Counsel LLC’s holdings in PennyMac Mortgage Investment Trust were worth $171,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the business. Rialto Wealth Management LLC acquired a new stake in shares of PennyMac Mortgage Investment Trust in the 4th quarter valued at approximately $25,000. Versant Capital Management Inc boosted its position in PennyMac Mortgage Investment Trust by 58.0% in the fourth quarter. Versant Capital Management Inc now owns 2,240 shares of the real estate investment trust’s stock valued at $28,000 after buying an additional 822 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in PennyMac Mortgage Investment Trust in the third quarter valued at approximately $28,000. Principal Securities Inc. grew its stake in shares of PennyMac Mortgage Investment Trust by 2,042.9% during the fourth quarter. Principal Securities Inc. now owns 2,400 shares of the real estate investment trust’s stock worth $30,000 after buying an additional 2,288 shares during the last quarter. Finally, Allworth Financial LP acquired a new position in shares of PennyMac Mortgage Investment Trust during the fourth quarter worth $39,000. Institutional investors and hedge funds own 67.38% of the company’s stock.

Insider Activity

In other news, Director Doug Jones sold 14,530 shares of the business’s stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $14.50, for a total value of $210,685.00. Following the transaction, the director now owns 64,082 shares in the company, valued at approximately $929,189. The trade was a 18.48 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.89% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, JMP Securities reissued a “market outperform” rating and set a $15.50 price objective on shares of PennyMac Mortgage Investment Trust in a report on Thursday, January 23rd. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $15.20.

PennyMac Mortgage Investment Trust Stock Down 0.9 %

NYSE:PMT opened at $14.62 on Monday. PennyMac Mortgage Investment Trust has a one year low of $11.77 and a one year high of $15.22. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.41 and a quick ratio of 0.41. The company has a market cap of $1.27 billion, a PE ratio of 10.99 and a beta of 1.51. The firm’s 50 day simple moving average is $13.71 and its 200 day simple moving average is $13.60.

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 net margin of 48.17% and a return on equity of 11.48%. On average, research analysts anticipate that PennyMac Mortgage Investment Trust will post 1.54 earnings per share 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 dividend on an annualized basis and a dividend yield of 10.94%. PennyMac Mortgage Investment Trust’s dividend payout ratio (DPR) is presently 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.