IMPAC Mortgage Holdings Inc (IMH) was Upgraded by JMP Securities to ” Mkt Outperform”. Earlier the firm had a rating of “Mkt Perform ” on the company shares. JMP Securities advised their investors in a research report released on Oct 5, 2016.
IMPAC Mortgage Holdings Inc closed down -0.05 points or -0.38% at $13.23 with 92,553 shares getting traded on Tuesday. Post opening the session at $13.39, the shares hit an intraday low of $13.17 and an intraday high of $13.39 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.
In a different news, on Sep 29, 2015, James Walsh (director) sold 5,000 shares at $17.45 per share price. According to the SEC, on Jun 4, 2015, Todd R. Taylor (Chief Financial Officer) sold 25,000 shares at $18.32 per share price.
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.