Impac Mortgage Holdings Inc (IMH) Files Form 4 Insider Buying : Richard H/ Pickup Buys 5,800 Shares

Impac Mortgage Holdings Inc (IMH): Richard H/ Pickup , 10% owner of Impac Mortgage Holdings Inc purchased 5,800 shares on Jun 14, 2016. The Insider buying transaction was reported by the company on Jun 17, 2016 to the Securities and Exchange Commission. The shares were purchased at $13.97 per share for a total value of $81,024.36 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Jun 10, 2016, Richard H/ Pickup (10% owner) purchased 55,000 shares at $14.08 per share price.On Apr 12, 2016, Todd M Pickup (10% owner) purchased 5,354 shares at $13.44 per share price.Also, On Sep 29, 2015, James Walsh (director) sold 5,000 shares at $17.45 per share price.On Aug 11, 2015, Trust, Dated May 31, 2011 Rhp (10% owner) purchased 10,000 shares at $16.06 per share price.

IMPAC Mortgage Holdings Inc: On Wednesday, Jun 15, 2016 heightened volatility was witnessed in IMPAC Mortgage Holdings Inc which led to swings in the share price. The shares opened for trading at $14.03 and hit $14.61 on the upside , eventually ending the session at $14.43, with a gain of 3.00% or 0.42 points. The heightened volatility saw the trading volume jump to 28,167 shares. The 52-week high of the share price is $24.4399 and the company has a market cap of $178 M . The 52-week low of the share price is at $11.506.

IMPAC Mortgage Holdings Inc Money Flow Index Chart

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.

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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