Proficio Capital Partners LLC Buys New Stake in Claros Mortgage Trust, Inc. (NYSE:CMTG)

Proficio Capital Partners LLC purchased a new stake in shares of Claros Mortgage Trust, Inc. (NYSE:CMTG) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 10,423 shares of the company’s stock, valued at approximately $47,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Atria Investments Inc raised its position in shares of Claros Mortgage Trust by 29.2% during the 3rd quarter. Atria Investments Inc now owns 25,743 shares of the company’s stock valued at $193,000 after buying an additional 5,823 shares in the last quarter. GSA Capital Partners LLP purchased a new stake in Claros Mortgage Trust during the third quarter valued at approximately $101,000. Quest Partners LLC raised its position in Claros Mortgage Trust by 5,222.4% during the third quarter. Quest Partners LLC now owns 41,515 shares of the company’s stock valued at $311,000 after purchasing an additional 40,735 shares during the period. Intech Investment Management LLC bought a new stake in shares of Claros Mortgage Trust in the 3rd quarter valued at approximately $114,000. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Claros Mortgage Trust by 15.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,402,648 shares of the company’s stock worth $10,506,000 after purchasing an additional 188,950 shares during the period. 89.53% of the stock is owned by hedge funds and other institutional investors.

Claros Mortgage Trust Stock Performance

CMTG stock opened at $3.62 on Friday. Claros Mortgage Trust, Inc. has a twelve month low of $2.13 and a twelve month high of $10.05. The firm has a market cap of $503.80 million, a price-to-earnings ratio of -2.27 and a beta of 1.62. The business’s fifty day simple moving average is $3.29 and its two-hundred day simple moving average is $5.48. The company has a quick ratio of 20.68, a current ratio of 25.67 and a debt-to-equity ratio of 2.08.

Claros Mortgage Trust (NYSE:CMTG) last posted its quarterly earnings results on Wednesday, February 19th. The company reported $0.15 EPS for the quarter, topping the consensus estimate of $0.12 by $0.03. The company had revenue of $60.23 million for the quarter, compared to the consensus estimate of $58.07 million. Claros Mortgage Trust had a negative net margin of 89.07% and a positive return on equity of 4.72%. Analysts predict that Claros Mortgage Trust, Inc. will post 0.27 earnings per share for the current year.

Insider Transactions at Claros Mortgage Trust

In related news, CEO Richard Mack purchased 115,000 shares of the business’s stock in a transaction dated Monday, March 10th. The shares were acquired at an average cost of $3.19 per share, for a total transaction of $366,850.00. Following the acquisition, the chief executive officer now owns 2,564,981 shares of the company’s stock, valued at $8,182,289.39. The trade was a 4.69 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Mike Mcgillis purchased 24,115 shares of Claros Mortgage Trust stock in a transaction dated Wednesday, March 12th. The stock was bought at an average cost of $3.30 per share, with a total value of $79,579.50. Following the completion of the transaction, the chief financial officer now owns 475,945 shares in the company, valued at approximately $1,570,618.50. This represents a 5.34 % increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders have purchased 144,115 shares of company stock valued at $463,430. 1.40% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Wells Fargo & Company decreased their price target on Claros Mortgage Trust from $8.00 to $3.00 and set an “underweight” rating on the stock in a report on Tuesday, February 25th. UBS Group reduced their target price on shares of Claros Mortgage Trust from $6.00 to $5.25 and set a “buy” rating on the stock in a research note on Tuesday, February 25th. Finally, Keefe, Bruyette & Woods lowered their target price on shares of Claros Mortgage Trust from $4.00 to $2.50 and set an “underperform” rating for the company in a report on Thursday, February 27th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, Claros Mortgage Trust has a consensus rating of “Hold” and a consensus target price of $4.31.

Claros Mortgage Trust Profile

Claros Mortgage Trust, Inc operates as a real estate investment trust. It focuses on originating senior and subordinate loans on transitional commercial real estate assets in the United States. The company has elected to be taxed as a real estate investment trust. As a result, it would not be subject to corporate income tax on that portion of its net income that is distributed to shareholders.