Nordea Investment Management AB lowered its holdings in IMPAC Mortgage Holdings, Inc (NYSEMKT:IMH) by 26.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 133,900 shares of the financial services provider’s stock after selling 47,500 shares during the period. Nordea Investment Management AB owned approximately 0.65% of IMPAC Mortgage Holdings worth $2,026,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also bought and sold shares of the company. SG Americas Securities LLC purchased a new stake in IMPAC Mortgage Holdings during the 2nd quarter worth about $143,000. Rhumbline Advisers boosted its stake in IMPAC Mortgage Holdings by 9.0% in the 2nd quarter. Rhumbline Advisers now owns 11,918 shares of the financial services provider’s stock worth $180,000 after purchasing an additional 980 shares during the period. First Trust Advisors LP bought a new position in IMPAC Mortgage Holdings in the 2nd quarter worth about $183,000. Wells Fargo & Company MN grew its holdings in IMPAC Mortgage Holdings by 117.7% during the 2nd quarter. Wells Fargo & Company MN now owns 17,621 shares of the financial services provider’s stock valued at $266,000 after buying an additional 9,527 shares in the last quarter. Finally, Teachers Advisors LLC grew its holdings in IMPAC Mortgage Holdings by 15.9% during the 2nd quarter. Teachers Advisors LLC now owns 18,833 shares of the financial services provider’s stock valued at $285,000 after buying an additional 2,585 shares in the last quarter.
Shares of IMPAC Mortgage Holdings, Inc (IMH) opened at 13.41 on Tuesday. The firm has a 50 day moving average price of $13.14 and a 200 day moving average price of $14.28. IMPAC Mortgage Holdings, Inc has a 12-month low of $12.04 and a 12-month high of $17.40. The stock has a market cap of $280.20 million, a PE ratio of 5.12 and a beta of 0.91.
IMPAC Mortgage Holdings (NYSEMKT:IMH) last released its earnings results on Tuesday, August 8th. The financial services provider reported ($0.01) earnings per share for the quarter, missing analysts’ consensus estimates of $0.96 by ($0.97). IMPAC Mortgage Holdings had a net margin of 16.25% and a return on equity of 9.53%. The firm had revenue of $39.63 million for the quarter. On average, equities analysts expect that IMPAC Mortgage Holdings, Inc will post $1.00 EPS for the current year.
A number of research analysts have recently commented on IMH shares. BidaskClub upgraded shares of IMPAC Mortgage Holdings from a “strong sell” rating to a “sell” rating in a research report on Wednesday, August 9th. ValuEngine cut shares of IMPAC Mortgage Holdings from a “buy” rating to a “hold” rating in a report on Saturday, June 24th. Finally, JMP Securities lowered their price objective on IMPAC Mortgage Holdings from $20.00 to $18.00 and set an “outperform” rating on the stock in a research report on Friday, August 25th.
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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