IMPAC Mortgage Holdings, Inc (IMH) Short Interest Update
IMPAC Mortgage Holdings, Inc (NYSEAMERICAN:IMH) was the target of a significant growth in short interest during the month of December. As of December 15th, there was short interest totalling 661,163 shares, a growth of 0.2% from the November 30th total of 659,672 shares. Approximately 5.2% of the shares of the company are sold short. Based on an average daily trading volume, of 30,771 shares, the short-interest ratio is presently 21.5 days.
IMPAC Mortgage (NYSEAMERICAN:IMH) opened at $10.42 on Wednesday. IMPAC Mortgage has a one year low of $9.92 and a one year high of $17.40. The stock has a market cap of $218.30, a PE ratio of 6.32 and a beta of 0.27.
IMPAC Mortgage (NYSEAMERICAN:IMH) last issued its quarterly earnings results on Wednesday, November 8th. The company reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.07). IMPAC Mortgage had a return on equity of 3.02% and a net margin of 5.51%. The firm had revenue of $42.08 million for the quarter.
A number of research analysts have recently issued reports on the stock. TheStreet lowered shares of IMPAC Mortgage from a “c-” rating to a “d” rating in a research note on Monday, December 11th. BidaskClub upgraded shares of IMPAC Mortgage from a “strong sell” rating to a “sell” rating in a research note on Thursday, September 28th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $9.68.
In other IMPAC Mortgage news, major shareholder Richard H/ Pickup bought 494,004 shares of IMPAC Mortgage stock in a transaction dated Monday, October 16th. The stock was acquired at an average cost of $12.25 per share, with a total value of $6,051,549.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders bought 633,268 shares of company stock valued at $7,455,718 over the last ninety days.
Institutional investors have recently modified their holdings of the company. Nwam LLC acquired a new position in IMPAC Mortgage during the third quarter worth about $115,000. SG Americas Securities LLC acquired a new position in IMPAC Mortgage during the second quarter worth about $143,000. Rhumbline Advisers grew its position in IMPAC Mortgage by 9.0% during the second quarter. Rhumbline Advisers now owns 11,918 shares of the company’s stock worth $180,000 after buying an additional 980 shares during the period. First Trust Advisors LP acquired a new position in IMPAC Mortgage during the second quarter worth about $183,000. Finally, Wells Fargo & Company MN grew its position in IMPAC Mortgage by 117.7% during the second quarter. Wells Fargo & Company MN now owns 17,621 shares of the company’s stock worth $266,000 after buying an additional 9,527 shares during the period.
IMPAC Mortgage Company Profile
Impac Mortgage Holdings, Inc is an independent residential mortgage lender. The Company operates through three segments: Mortgage Lending, Real Estate Services and Long-Term Mortgage Portfolio. It originates, sells and services conventional, conforming agency and Government insured residential mortgage loans.
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