IMPAC Mortgage Holdings, Inc (NYSEMKT:IMH) major shareholder Vintage Trust Ii, Dated July 1 acquired 394,945 shares of the firm’s stock in a transaction on Tuesday, April 18th. The shares were bought at an average cost of $12.66 per share, for a total transaction of $5,000,003.70. Following the acquisition, the insider now owns 1,793,796 shares in the company, valued at $22,709,457.36. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Large shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
IMPAC Mortgage Holdings, Inc (NYSEMKT:IMH) opened at 15.16 on Friday. The stock has a 50 day moving average of $14.27 and a 200 day moving average of $14.09. The company has a market cap of $309.99 million, a price-to-earnings ratio of 4.64 and a beta of 0.91. IMPAC Mortgage Holdings, Inc has a 52 week low of $12.04 and a 52 week high of $18.50.
IMPAC Mortgage Holdings (NYSEMKT:IMH) last issued its quarterly earnings data on Thursday, February 23rd. The financial services provider reported $1.00 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.42 by $0.42. The firm had revenue of $77.25 million during the quarter. Equities research analysts predict that IMPAC Mortgage Holdings, Inc will post $3.00 earnings per share for the current fiscal year.
Separately, TheStreet raised shares of IMPAC Mortgage Holdings from a “d” rating to a “c-” rating in a research note on Thursday, April 6th.
About IMPAC Mortgage Holdings
Impac Mortgage Holdings, Inc is an independent residential mortgage lender. The Company operates through three segments: Mortgage Lending, Real Estate Services and Long-Term Mortgage Portfolio. It originates, sells and services conventional, conforming agency and Government insured residential mortgage loans.
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