PennyMac Mortgage Investment Trust (PMT) : Greenwich Investment Management reduced its stake in PennyMac Mortgage Investment Trust by 1.25% during the most recent quarter end. The investment management company now holds a total of 514,400 shares of PennyMac Mortgage Investment Trust which is valued at $7.6 Million after selling 6,510 shares in PennyMac Mortgage Investment Trust , the firm said in a disclosure report filed with the SEC on May 13, 2016.PennyMac Mortgage Investment Trust makes up approximately 8.94% of Greenwich Investment Management’s portfolio.
Other Hedge Funds, Including , Renaissance Technologies added PMT to its portfolio by purchasing 143,700 company shares during the most recent quarter which is valued at $2.1 Million.Janney Capital Management boosted its stake in PMT in the latest quarter, The investment management firm added 36,148 additional shares and now holds a total of 745,608 shares of PennyMac Mortgage Investment Trust which is valued at $11.1 Million. PennyMac Mortgage Investment Trust makes up approx 0.60% of Janney Capital Management’s portfolio.Janney Montgomery Scott reduced its stake in PMT by selling 1,343 shares or 5.32% in the most recent quarter. The Hedge Fund company now holds 23,916 shares of PMT which is valued at $355,153. PennyMac Mortgage Investment Trust makes up approx 0.01% of Janney Montgomery Scott’s portfolio. Neuberger Berman Group added PMT to its portfolio by purchasing 46,743 company shares during the most recent quarter which is valued at $644,119.
PennyMac Mortgage Investment Trust opened for trading at $15.15 and hit $15.2292 on the upside on Wednesday, eventually ending the session at $15.16, with a gain of 0.07% or 0.01 points. The heightened volatility saw the trading volume jump to 3,92,973 shares. Company has a market cap of $1,040 M.
On the company’s financial health, PennyMac Mortgage Investment Trust reported $0.20 EPS for the quarter, missing the analyst consensus estimate by $ -0.18 based on the information available during the earnings call on May 5, 2016. Analyst had a consensus of $0.38. The company had revenue of $54.40 million for the quarter, compared to analysts expectations of $71.07 million. The company’s revenue was up 33.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.09 EPS.
PennyMac Mortgage Investment Trust is a specialty finance company that invests primarily in residential mortgage loans and mortgage-related assets. The Company conducts all of its operations and makes all of its investments through PennyMac Operating Partnership L.P. and its subsidiaries. The Company operates through two segments. The correspondent production segment represents the Companys operations aimed at serving as an intermediary between mortgage lenders and the capital markets by purchasing pooling and reselling newly originated prime credit quality mortgage loans either directly or in the form of mortgage-backed securities (MBS) using the services of PNMAC Capital Management and PennyMac Loan Services LLC. The investment activities segment represents the Companys investments in mortgage-related assets which include distressed mortgage loans real estate acquired in settlement of loans MBS mortgage servicing rights and excess servicing spread.