In yesterday’s Wall Street session, Pennymac Mortgage Investment Trust (NYSE:PMT) shares traded at $13.80, up 0.51% from the previous session.
PMT stock price is now -3.36% away from the 50-day moving average and 0.60% away from the 200-day moving average. The market capitalization of the company currently stands at $1.20B.
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On December 06, 2023, UBS recently initiated its ‘Neutral’ rating on the stock quoting a target price of $13.50, while ‘BTIG Research’ rates the stock as ‘Neutral’
In other news, Lynch Catherine A., Director bought 715 shares of the company’s stock on Apr 26 ’24. The stock was bought for $10,138 at an average price of $14.19. Upon completion of the transaction, the Director now directly owns 33,915 shares in the company, valued at $0.47 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 11 ’24, Director, President & CMBO Jones Doug sold 7,810 shares of the business’s stock. A total of $111,976 was realized by selling the stock at an average price of $14.34. This leaves the insider owning 53,311 shares of the company worth $0.74 million. A total of 1.29% of the company’s stock is owned by insiders.
During the past 12 months, Pennymac Mortgage Investment Trust has had a low of $10.52 and a high of $15.89. According to the stock market information, the enterprise value for the company is $11535285248, which is based on a 9.17 price-to-earnings ratio, a 2.21 price-to-earnings-growth ratio, and a beta of 1.45. The fifty day moving average price for PMT is $14.2688 and a two-hundred day moving average price translates $13.72185 for the stock.
The latest earnings results from Pennymac Mortgage Investment Trust (NYSE: PMT) was released for 2024-03-31. The net profit margin was 9.43% and return on equity was 9.47% for PMT. The company reported revenue of $74.2 million for the quarter, compared to $90.37 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -17.88 percent.
