Proficio Capital Partners LLC Takes Position in PennyMac Mortgage Investment Trust (NYSE:PMT)

Proficio Capital Partners LLC acquired a new stake in PennyMac Mortgage Investment Trust (NYSE:PMT) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 11,054 shares of the real estate investment trust’s stock, valued at approximately $139,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Versant Capital Management Inc boosted its holdings 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 acquiring an additional 822 shares during the last quarter. Rhumbline Advisers boosted its holdings in PennyMac Mortgage Investment Trust by 0.4% in the fourth quarter. Rhumbline Advisers now owns 264,702 shares of the real estate investment trust’s stock valued at $3,333,000 after acquiring an additional 1,001 shares during the last quarter. Caprock Group LLC boosted its holdings in PennyMac Mortgage Investment Trust by 9.3% in the third quarter. Caprock Group LLC now owns 13,647 shares of the real estate investment trust’s stock valued at $195,000 after acquiring an additional 1,156 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new position in PennyMac Mortgage Investment Trust in the third quarter valued at $28,000. Finally, Principal Securities Inc. boosted its holdings in PennyMac Mortgage Investment Trust by 2,042.9% in the fourth quarter. Principal Securities Inc. now owns 2,400 shares of the real estate investment trust’s stock valued at $30,000 after acquiring an additional 2,288 shares during the last quarter. Hedge funds and other institutional investors own 67.38% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, JMP Securities reiterated a “market outperform” rating and issued a $15.50 target price on shares of PennyMac Mortgage Investment Trust in a report on Thursday, January 23rd. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $15.20.

Insider Activity at PennyMac Mortgage Investment Trust

In other news, Director Doug Jones sold 14,530 shares of the company’s stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $14.50, for a total transaction of $210,685.00. Following the completion of the transaction, the director now directly owns 64,082 shares of the company’s stock, valued at approximately $929,189. This represents a 18.48 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.89% of the stock is owned by corporate insiders.

PennyMac Mortgage Investment Trust Trading Up 0.1 %

NYSE:PMT opened at $14.35 on Thursday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.41 and a current ratio of 0.41. PennyMac Mortgage Investment Trust has a one year low of $11.77 and a one year high of $15.22. The business’s 50-day simple moving average is $13.41 and its 200 day simple moving average is $13.58. The stock has a market cap of $1.25 billion, a price-to-earnings ratio of 10.79 and a beta of 1.51.

PennyMac Mortgage Investment Trust (NYSE:PMT) last announced its quarterly earnings data on Thursday, January 30th. The real estate investment trust reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.04. PennyMac Mortgage Investment Trust had a return on equity of 11.48% and a net margin of 48.17%. As a group, sell-side analysts predict that PennyMac Mortgage Investment Trust will post 1.54 earnings per share for the current fiscal year.

PennyMac Mortgage Investment Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Friday, April 11th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 11.15%. The ex-dividend date of this dividend is Friday, April 11th. PennyMac Mortgage Investment Trust’s dividend payout ratio is currently 120.30%.

PennyMac Mortgage Investment Trust Company 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.