In yesterday’s Wall Street session, Pennymac Mortgage Investment Trust (NYSE:PMT) shares traded at $13.56, up 0.82% from the previous session.
PMT stock price is now -1.51% away from the 50-day moving average and -2.73% away from the 200-day moving average. The market capitalization of the company currently stands at $1.18B.
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With the price target enhanced from $15 to $15.50, Keefe Bruyette Upgraded its rating from Mkt Perform to Outperform for Pennymac Mortgage Investment Trust (NYSE: PMT). , while ‘UBS’ rates the stock as ‘Neutral’
In other news, Lynch Catherine A., Director bought 838 shares of the company’s stock on Oct 25 ’24. The stock was bought for $11,572 at an average price of $13.81. Upon completion of the transaction, the Director now directly owns 37,632 shares in the company, valued at $0.51 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 03 ’24, Director, President & CMBO Jones Doug sold 37,010 shares of the business’s stock. A total of $518,647 was realized by selling the stock at an average price of $14.01. This leaves the insider owning 49,114 shares of the company worth $0.67 million. A total of 1.27% of the company’s stock is owned by insiders.
During the past 12 months, Pennymac Mortgage Investment Trust has had a low of $12.81 and a high of $15.89. According to the stock market information, the enterprise value for the company is $12101434368, which is based on a 10.01 price-to-earnings ratio, a 0.21 price-to-earnings-growth ratio, and a beta of 1.46. The fifty day moving average price for PMT is $13.7816 and a two-hundred day moving average price translates $13.9385 for the stock.
The latest earnings results from Pennymac Mortgage Investment Trust (NYSE: PMT) was released for 2024-09-30. The net profit margin was 6.86% and return on equity was 8.59% for PMT. The company reported revenue of $80.86 million for the quarter, compared to $163.43 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -50.52 percent.
