IMPAC Mortgage Holdings, Inc (IMH) Downgraded to “Hold” at ValuEngine

IMPAC Mortgage Holdings, Inc (NYSEMKT:IMH) was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating in a research report issued on Saturday.

Separately, TheStreet upgraded shares of IMPAC Mortgage Holdings from a “d” rating to a “c-” rating in a report on Thursday, April 6th.

IMPAC Mortgage Holdings (IMH) traded down 1.53% on Friday, hitting $15.43. 101,963 shares of the stock traded hands. The firm has a market capitalization of $315.51 million, a PE ratio of 4.72 and a beta of 0.91. IMPAC Mortgage Holdings has a 52 week low of $12.04 and a 52 week high of $18.50. The stock has a 50 day moving average of $15.87 and a 200 day moving average of $14.23.

TRADEMARK VIOLATION NOTICE: “IMPAC Mortgage Holdings, Inc (IMH) Downgraded to “Hold” at ValuEngine” was originally reported by Transcript Daily and is the property of of Transcript Daily. If you are viewing this report on another website, it was copied illegally and republished in violation of international trademark and copyright laws. The legal version of this report can be read at https://transcriptdaily.com/2017/06/24/impac-mortgage-holdings-inc-imh-downgraded-to-hold-at-valuengine.html.

In related news, major shareholder Vintage Trust Ii, Dated July 1 acquired 394,945 shares of the firm’s stock in a transaction that occurred on Tuesday, April 18th. The stock was acquired at an average price of $12.66 per share, for a total transaction of $5,000,003.70. Following the completion of the acquisition, the insider now owns 1,793,796 shares of the company’s stock, valued at approximately $22,709,457.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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.

Receive News & Ratings for IMPAC Mortgage Holdings Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for IMPAC Mortgage Holdings Inc and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply