Virtu Financial LLC Takes Position in PennyMac Mortgage Investment Trust (NYSE:PMT)

Virtu Financial LLC acquired a new position in PennyMac Mortgage Investment Trust (NYSE:PMT) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 33,241 shares of the real estate investment trust’s stock, valued at approximately $419,000.

Other institutional investors have also added to or reduced their stakes in the company. Rialto Wealth Management LLC bought a new stake in PennyMac Mortgage Investment Trust during the fourth quarter valued at $25,000. Versant Capital Management Inc boosted its position in shares of PennyMac Mortgage Investment Trust by 58.0% during the 4th quarter. Versant Capital Management Inc now owns 2,240 shares of the real estate investment trust’s stock valued at $28,000 after purchasing an additional 822 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new stake in shares of PennyMac Mortgage Investment Trust during the 3rd quarter valued at about $28,000. Principal Securities Inc. grew its stake in PennyMac Mortgage Investment Trust by 2,042.9% during the fourth quarter. Principal Securities Inc. now owns 2,400 shares of the real estate investment trust’s stock worth $30,000 after purchasing an additional 2,288 shares during the period. Finally, Allworth Financial LP bought a new stake in PennyMac Mortgage Investment Trust in the fourth quarter worth approximately $39,000. 67.38% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling

In related news, Director Doug Jones sold 14,530 shares of PennyMac Mortgage Investment Trust stock in a transaction 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 sale, the director now directly owns 64,082 shares in the company, valued at approximately $929,189. This trade represents a 18.48 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.89% of the stock is owned by corporate insiders.

PennyMac Mortgage Investment Trust Stock Performance

Shares of PennyMac Mortgage Investment Trust stock opened at $14.68 on Thursday. The business has a 50-day simple moving average of $13.85 and a 200 day simple moving average of $13.62. The firm has a market capitalization of $1.27 billion, a price-to-earnings ratio of 11.03 and a beta of 1.51. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.41 and a quick ratio of 0.41. PennyMac Mortgage Investment Trust has a one year low of $11.77 and a one year high of $15.22.

PennyMac Mortgage Investment Trust (NYSE:PMT) last issued its earnings results on Thursday, January 30th. The real estate investment trust reported $0.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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%. On average, research analysts anticipate that PennyMac Mortgage Investment Trust will post 1.54 earnings per share for the current fiscal year.

PennyMac Mortgage Investment Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Friday, April 11th will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 10.90%. The ex-dividend date of this dividend is Friday, April 11th. PennyMac Mortgage Investment Trust’s dividend payout ratio (DPR) is presently 120.30%.

PennyMac Mortgage Investment Trust 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.