Insider Buying: Claros Mortgage Trust (NYSE:CMTG) CEO Purchases $32,758.77 in Stock

Claros Mortgage Trust, Inc. (NYSE:CMTG) CEO Richard Mack bought 20,603 shares of the firm’s stock in a transaction dated Friday, September 4th. The stock was bought at an average cost of $1.59 per share, with a total value of $32,758.77. Following the transaction, the chief executive officer directly owned 3,110,911 shares of the company’s stock, valued at approximately $4,946,348.49. This trade represents a 0.67% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link.

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 shares were acquired at an average price of $1.59 per share, for a total transaction of $318,000.00.

Claros Mortgage Trust Price Performance

Shares of CMTG stock opened at $1.54 on Friday. The firm has a fifty day moving average of $1.91 and a two-hundred day moving average of $2.24. The firm has a market cap of $217.97 million, a P/E ratio of -0.40 and a beta of 1.14. Claros Mortgage Trust, Inc. has a 1-year low of $1.44 and a 1-year high of $3.99. The company has a debt-to-equity ratio of 1.81, a current ratio of 21.44 and a quick ratio of 21.44.

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

Analyst Upgrades and Downgrades

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

Hedge Funds Weigh In On Claros Mortgage Trust

Hedge funds and other institutional investors have recently made changes to their positions in the business. BNP Paribas Financial Markets increased its position in Claros Mortgage Trust by 75.8% in the 2nd quarter. BNP Paribas Financial Markets now owns 8,938 shares of the company’s stock valued at $25,000 after acquiring an additional 3,854 shares during the period. Focus Partners Wealth acquired a new position in Claros Mortgage Trust during the 3rd quarter worth $34,000. Mariner LLC acquired a new position in Claros Mortgage Trust during the 4th quarter worth $38,000. Jump Financial LLC bought a new position in shares of Claros Mortgage Trust in the second quarter worth $44,000. Finally, Hsbc Holdings PLC bought a new position in shares of Claros Mortgage Trust in the first quarter worth $37,000. 89.53% of the stock is currently owned by institutional investors and hedge funds.

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.