Pennymac Mortgage Investment Trust (PMT): Scott W. Carnahan , director of Pennymac Mortgage Investment Trust purchased 3,341 shares on Sep 21, 2016. The Insider buying transaction was reported by the company on Sep 23, 2016 to the Securities and Exchange Commission. The shares were purchased at $15.22 per share for a total value of $50,845.43 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Jul 27, 2016, Jeffrey Grogin (CALO and Secretary) sold 12,694 shares at $16.23 per share price.On Jun 6, 2016, Gregory L Hendry (Chief Accounting Officer) sold 525 shares at $15.71 per share price.Also, On Jun 6, 2016, Stacey D. Stewart (director) sold 647 shares at $15.71 per share price.On Jun 6, 2016, David Spector (President and COO) sold 8,235 shares at $15.79 per share price.
PennyMac Mortgage Investment Trust: On Thursday, Sep 22, 2016 heightened volatility was witnessed in PennyMac Mortgage Investment Trust which led to swings in the share price. The shares opened for trading at $15.4 and hit $15.445 on the upside , eventually ending the session at $15.43, with a gain of 0.52% or 0.08 points. The heightened volatility saw the trading volume jump to 3,18,144 shares. The 52-week high of the share price is $16.93 and the company has a market cap of $1,044 M . The 52-week low of the share price is at $10.91.
Company has been under the radar of several Street Analysts.PennyMac Mortgage Investment Trust is Downgraded by BofA/Merrill to Underperform. Earlier the firm had a rating of Neutral on the company shares. The Rating was issued 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.