Impac Mortgage Holdings Inc (IMH) Files Form 4 Insider Buying : Todd M Pickup Buys 5,354 Shares

Impac Mortgage Holdings Inc (IMH): Todd M Pickup , 10% owner of Impac Mortgage Holdings Inc purchased 5,354 shares on Apr 8, 2016. The Insider buying transaction was disclosed on Apr 12, 2016 to the Securities and Exchange Commission. The shares were purchased at $13.44 per share for a total value of $71,982.39.

Company has been under the radar of several Street Analysts.IMPAC Mortgage Holdings Inc is Initiated by JMP Securities to Mkt Perform. The Rating was issued on Apr 8, 2016.

Currently the company Insiders own 6.8% of IMPAC Mortgage Holdings Inc shares according to the proxy statements.Institutional Investors own 15.45% of IMPAC Mortgage Holdings Inc shares.

IMPAC Mortgage Holdings Inc: On Monday, Apr 11, 2016 heightened volatility was witnessed in IMPAC Mortgage Holdings Inc which led to swings in the share price. The shares opened for trading at $13.5 and hit $13.88 on the upside , eventually ending the session at $13.57, with a gain of 0.67% or 0.09 points. The heightened volatility saw the trading volume jump to 18,680 shares. The 52-week high of the share price is $29.85 and the company has a market cap of $165 M . The 52-week low of the share price is at $11.506.

IMPAC Mortgage Holdings Inc Money Flow Index Chart

Impac Mortgage Holdings Inc. is a residential mortgage lender. The Company operates through three business segments: Mortgage Lending Real Estate Services and Long-Term Mortgage Portfolio. The Mortgage Lending segment originate sell and service conventional conforming agency and Government insured residential mortgage loans originated or acquired through its three channels: correspondent wholesale and retail. The Real Estate Services segment provide loss mitigation and real estate services on its long-term mortgage portfolio including default surveillance loan modification services short sale services real estate owned surveillance and disposition services and monitoring reconciling and reporting services for residential and multifamily mortgage portfolios. The Long-Term Mortgage Portfolio segment manages long-term mortgage portfolio that include residual interests in the securitization trusts reflected as trust assets and liabilities in its consolidated balance sheets.

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