Jump Financial LLC Purchases 10,767 Shares of PennyMac Mortgage Investment Trust (NYSE:PMT) (2024)

Posted by Defense World Staff on May 22nd, 2024

Jump Financial LLC raised its stake in shares of PennyMac Mortgage Investment Trust (NYSE:PMT – Free Report) by 39.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 38,090 shares of the real estate investment trust’s stock after purchasing an additional 10,767 shares during the quarter. Jump Financial LLC’s holdings in PennyMac Mortgage Investment Trust were worth $569,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in PMT. International Assets Investment Management LLC lifted its position in PennyMac Mortgage Investment Trust by 1,307.8% during the fourth quarter. International Assets Investment Management LLC now owns 325,910 shares of the real estate investment trust’s stock valued at $4,872,000 after buying an additional 302,760 shares during the period. Vaughan Nelson Investment Management L.P. boosted its stake in PennyMac Mortgage Investment Trust by 23.2% during the third quarter. Vaughan Nelson Investment Management L.P. now owns 1,507,911 shares of the real estate investment trust’s stock worth $18,698,000 after acquiring an additional 284,200 shares in the last quarter. Advisors Preferred LLC purchased a new stake in PennyMac Mortgage Investment Trust in the fourth quarter worth about $2,105,000. Charles Schwab Investment Management Inc. increased its position in PennyMac Mortgage Investment Trust by 6.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,299,582 shares of the real estate investment trust’s stock valued at $16,115,000 after buying an additional 78,311 shares in the last quarter. Finally, Significant Wealth Partners LLC purchased a new stake in shares of PennyMac Mortgage Investment Trust in the fourth quarter worth $896,000. 67.38% of the stock is currently owned by institutional investors.

PennyMac Mortgage Investment Trust Stock Down 8.0 %

PMT opened at $13.75 on Wednesday. The stock has a market capitalization of $1.19 billion, a price-to-earnings ratio of 9.17 and a beta of 1.47. The firm has a 50 day moving average price of $14.29 and a 200-day moving average price of $14.33. PennyMac Mortgage Investment Trust has a twelve month low of $10.52 and a twelve month high of $15.89. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 1.37.

PennyMac Mortgage Investment Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, April 26th. Stockholders of record on Friday, April 12th were issued a dividend of $0.40 per share. The ex-dividend date was Thursday, April 11th. This represents a $1.60 annualized dividend and a dividend yield of 11.64%. PennyMac Mortgage Investment Trust’s payout ratio is 106.67%.

Insider Activity

In related news, Director Doug Jones sold 7,810 shares of the company’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of $14.34, for a total transaction of $111,995.40. Following the completion of the sale, the director now owns 53,311 shares in the company, valued at $764,479.74. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.89% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on PMT. B. Riley upped their price target on shares of PennyMac Mortgage Investment Trust from $15.00 to $16.00 and gave the stock a “buy” rating in a research note on Wednesday, February 7th. JMP Securities reiterated a “market outperform” rating and set a $15.00 price target on shares of PennyMac Mortgage Investment Trust in a report on Thursday, April 18th. Wedbush restated a “neutral” rating and issued a $15.00 price objective on shares of PennyMac Mortgage Investment Trust in a report on Monday, April 29th. Finally, Piper Sandler reiterated a “neutral” rating and set a $15.00 target price (up from $14.50) on shares of PennyMac Mortgage Investment Trust in a research note on Thursday, May 9th. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $14.92.

Get Our Latest Stock Analysis on PMT