PennyMac Mortgage Investment Trust (PMT) : Greenwich Investment Management scooped up 13,259 additional shares in PennyMac Mortgage Investment Trust during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 527,659 shares of PennyMac Mortgage Investment Trust which is valued at $8,062,630.PennyMac Mortgage Investment Trust makes up approximately 8.23% of Greenwich Investment Management’s portfolio.
Other Hedge Funds, Including , Walleye Trading added PMT to its portfolio by purchasing 22,330 company shares during the most recent quarter which is valued at $341,202. PennyMac Mortgage Investment Trust makes up approx 0.03% of Walleye Trading’s portfolio.Raymond James Associates boosted its stake in PMT in the latest quarter, The investment management firm added 2,362 additional shares and now holds a total of 25,584 shares of PennyMac Mortgage Investment Trust which is valued at $390,924.Rhumbline Advisers reduced its stake in PMT by selling 25,329 shares or 22.97% in the most recent quarter. The Hedge Fund company now holds 84,963 shares of PMT which is valued at $1,298,235.Teachers Advisors Inc reduced its stake in PMT by selling 1,185 shares or 1.05% in the most recent quarter. The Hedge Fund company now holds 111,596 shares of PMT which is valued at $1,705,187.
PennyMac Mortgage Investment Trust closed down -0.21 points or -1.38% at $15.03 with 4,19,645 shares getting traded on Thursday. Post opening the session at $15.27, the shares hit an intraday low of $15 and an intraday high of $15.27 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.
On the company’s financial health, PennyMac Mortgage Investment Trust reported $0.08 EPS for the quarter, missing the analyst consensus estimate by $ -0.30 based on the information available during the earnings call on Aug 3, 2016. Analyst had a consensus of $0.38. The company had revenue of $47.60 million for the quarter, compared to analysts expectations of $67.85 million. The company’s revenue was down -31.8 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.36 EPS.
Many Wall Street Analysts have commented on PennyMac Mortgage Investment Trust. PennyMac Mortgage Investment Trust was Downgraded by BofA/Merrill to ” Underperform” on Jul 12, 2016.
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.