New York Mortgage Trust Inc (NYMT): Kevin M. Donlon , President of New York Mortgage Trust Inc purchased 203,396 shares on May 31, 2016. The Insider buying transaction was reported by the company on Jun 1, 2016 to the Securities and Exchange Commission. The shares were purchased at $5.92 per share for a total value of $1,203,534.75 , 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 24, 2016, Kevin M. Donlon (President) purchased 1,600 shares at $5.60 per share price.On Aug 10, 2015, Steven R Mumma (CEO) purchased 15,000 shares at $6.67 per share price.Also, On Aug 10, 2015, Kristine Rimando Nario (CFO) purchased 2,200 shares at $6.59 per share price.
New York Mortgage Trust Inc: On Wednesday, Jun 1, 2016 heightened volatility was witnessed in New York Mortgage Trust Inc which led to swings in the share price. The shares opened for trading at $5.95 and hit $5.99 on the upside , eventually ending the session at $5.99, with a gain of 0.67% or 0.04 points. The heightened volatility saw the trading volume jump to 6,71,885 shares. The 52-week high of the share price is $8.05 and the company has a market cap of $655 M . The 52-week low of the share price is at $3.82.
New York Mortgage Trust Inc. is a real estate investment trust (REIT). The Company acquires invests in finances and manages primarily mortgage-related assets. The Company’s portfolio includes certain credit sensitive assets and investments sourced from distressed markets. Its targeted assets include residential mortgage loans including distressed residential loans multi-family commercial mortgage-backed securities (CMBS) mezzanine loans to and preferred equity investments in owners of multi-family properties equity and debt securities issued by entities that invest in commercial real estate-related debt investments and Agency RMBS. The Company invests in other commercial real estate-related investments such as the origination or acquisition of mezzanine loans to and preferred equity investments in owners of multi-family properties with a focus on conventional apartments cooperative housing associations student housing and other related property types.