Bessemer Group Inc. raised its stake in PennyMac Mortgage Investment Trust (NYSE:PMT) by 24.6% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 104,500 shares of the real estate investment trust’s stock after buying an additional 20,600 shares during the period. Bessemer Group Inc.’s holdings in PennyMac Mortgage Investment Trust were worth $1,911,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of PMT. Ameritas Investment Partners Inc. purchased a new position in shares of PennyMac Mortgage Investment Trust during the first quarter valued at about $104,000. ProShare Advisors LLC raised its stake in PennyMac Mortgage Investment Trust by 198.3% in the first quarter. ProShare Advisors LLC now owns 33,844 shares of the real estate investment trust’s stock valued at $145,000 after buying an additional 22,500 shares in the last quarter. Campbell & CO Investment Adviser LLC bought a new stake in PennyMac Mortgage Investment Trust during the second quarter valued at $184,000. Jane Street Group LLC bought a new stake in PennyMac Mortgage Investment Trust during the first quarter valued at $190,000. Finally, Eqis Capital Management Inc. bought a new stake in PennyMac Mortgage Investment Trust during the first quarter valued at $210,000. 64.24% of the stock is owned by institutional investors and hedge funds.

Shares of PennyMac Mortgage Investment Trust (PMT) opened at 17.26 on Friday. PennyMac Mortgage Investment Trust has a 52 week low of $14.28 and a 52 week high of $18.46. The company has a 50-day moving average of $17.84 and a 200 day moving average of $17.49. The firm has a market capitalization of $1.15 billion, a P/E ratio of 10.32 and a beta of 0.52.

PennyMac Mortgage Investment Trust (NYSE:PMT) last issued its quarterly earnings data on Thursday, August 3rd. The real estate investment trust reported $0.38 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.43 by $0.05. PennyMac Mortgage Investment Trust had a return on equity of 8.67% and a net margin of 37.97%. The firm had revenue of $83.96 million during the quarter, compared to the consensus estimate of $80.12 million. During the same period in the previous year, the company posted ($0.08) earnings per share. The company’s revenue for the quarter was up 76.4% on a year-over-year basis. Equities research analysts anticipate that PennyMac Mortgage Investment Trust will post $1.68 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 27th. Shareholders of record on Thursday, July 13th were given a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a yield of 10.89%. The ex-dividend date was Tuesday, July 11th. PennyMac Mortgage Investment Trust’s payout ratio is 109.94%.

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A number of research firms recently commented on PMT. Keefe, Bruyette & Woods restated a “buy” rating and set a $18.00 price target on shares of PennyMac Mortgage Investment Trust in a research report on Wednesday, April 19th. Zacks Investment Research downgraded PennyMac Mortgage Investment Trust from a “hold” rating to a “sell” rating in a report on Tuesday. Finally, BidaskClub downgraded PennyMac Mortgage Investment Trust from a “strong-buy” rating to a “buy” rating in a report on Sunday, July 16th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the stock. PennyMac Mortgage Investment Trust has an average rating of “Hold” and a consensus target price of $17.46.

In other news, CEO David Spector sold 8,235 shares of the stock in a transaction that occurred on Monday, June 5th. The shares were sold at an average price of $17.59, for a total transaction of $144,853.65. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Andrew S. Chang sold 1,937 shares of the stock in a transaction that occurred on Monday, June 5th. The shares were sold at an average price of $17.64, for a total transaction of $34,168.68. The disclosure for this sale can be found here. Insiders sold a total of 12,626 shares of company stock valued at $222,229 over the last ninety days. 1.80% of the stock is currently owned by insiders.

PennyMac Mortgage Investment Trust Company Profile

PennyMac Mortgage Investment Trust is a specialty finance company that invests primarily in residential mortgage loans and mortgage-related assets. The Company conducts all of its operations, and makes all of its investments, through PennyMac Operating Partnership, L.P. (its Operating Partnership) and its subsidiaries.

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Institutional Ownership by Quarter for PennyMac Mortgage Investment Trust (NYSE:PMT)

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