Pennymac Mortgage Investment Trust (PMT): Daniel Stanley Perotti , Chief Asset & Liability Mgt Of of Pennymac Mortgage Investment Trust sold 562 shares on May 16, 2016. The Insider selling transaction was reported by the company on May 17, 2016 to the Securities and Exchange Commission. The shares were sold at $14.85 per share for a total value of $8,345.70 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on May 17, 2016, Jeffrey Grogin (CALO and Secretary) sold 3,125 shares at $14.87 per share price.On May 17, 2016, Steven Richard Bailey (Chief Mortgage Ops Officer) sold 7,000 shares at $14.85 per share price.Also, On Mar 4, 2016, Paul Dufauchard, Jr. Preston (director) purchased 1,000 shares at $13.35 per share price.On Feb 26, 2016, David M Walker (Chief Risk Officer) sold 1,826 shares at $12.15 per share price.
PennyMac Mortgage Investment Trust: On Monday, May 16, 2016 heightened volatility was witnessed in PennyMac Mortgage Investment Trust which led to swings in the share price. The shares opened for trading at $14.85 and hit $14.94 on the upside , eventually ending the session at $14.92, with a gain of 0.47% or 0.07 points. The heightened volatility saw the trading volume jump to 3,75,747 shares. The 52-week high of the share price is $19.01 and the company has a market cap of $1,023 M . The 52-week low of the share price is at $10.91.
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.