Pennymac Mortgage Investment Trust (PMT): Jeffrey Grogin , CALO and Secretary of Pennymac Mortgage Investment Trust sold 1,862 shares on Jun 3, 2016. The Insider selling transaction was reported by the company on Jun 6, 2016 to the Securities and Exchange Commission. The shares were sold at $15.77 per share for a total value of $29,366.72 , 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 6, 2016, Vandad Fartaj (Chief Investment Officer) sold 1,862 shares at $15.71 per share price.On Jun 6, 2016, Andrew S Chang (Chief Business Development Off) sold 1,937 shares at $15.71 per share price.Also, On Jun 6, 2016, Steven Richard Bailey (Chief Mortgage Ops Officer) sold 3,725 shares at $15.82 per share price.On Jun 6, 2016, David M Walker (Chief Risk Officer) sold 1,862 shares at $15.71 per share price.
PennyMac Mortgage Investment Trust: On Friday, Jun 3, 2016 heightened volatility was witnessed in PennyMac Mortgage Investment Trust which led to swings in the share price. The shares opened for trading at $15.71 and hit $15.89 on the upside , eventually ending the session at $15.74, with a gain of 0.19% or 0.03 points. The heightened volatility saw the trading volume jump to 4,99,220 shares. The 52-week high of the share price is $19.01 and the company has a market cap of $1,080 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.