SG Americas Securities LLC Grows Position in PennyMac Mortgage Investment Trust (PMT)

SG Americas Securities LLC boosted its holdings in PennyMac Mortgage Investment Trust (NYSE:PMT) by 34.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 52,504 shares of the real estate investment trust’s stock after purchasing an additional 13,596 shares during the quarter. SG Americas Securities LLC owned about 0.08% of PennyMac Mortgage Investment Trust worth $913,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Teachers Advisors LLC grew its stake in shares of PennyMac Mortgage Investment Trust by 1.3% during the 1st quarter. Teachers Advisors LLC now owns 117,391 shares of the real estate investment trust’s stock worth $2,084,000 after purchasing an additional 1,492 shares during the period. Renaissance Technologies LLC acquired a new position in shares of PennyMac Mortgage Investment Trust during the 1st quarter worth $2,388,000. State Street Corp boosted its position in shares of PennyMac Mortgage Investment Trust by 2.3% in the 1st quarter. State Street Corp now owns 1,442,322 shares of the real estate investment trust’s stock worth $25,602,000 after buying an additional 31,942 shares in the last quarter. Creative Planning boosted its position in shares of PennyMac Mortgage Investment Trust by 19.1% in the 2nd quarter. Creative Planning now owns 13,088 shares of the real estate investment trust’s stock worth $239,000 after buying an additional 2,100 shares in the last quarter. Finally, Aperio Group LLC boosted its position in shares of PennyMac Mortgage Investment Trust by 6.9% in the 2nd quarter. Aperio Group LLC now owns 14,448 shares of the real estate investment trust’s stock worth $264,000 after buying an additional 930 shares in the last quarter. Hedge funds and other institutional investors own 62.95% of the company’s stock.

Shares of PennyMac Mortgage Investment Trust (NYSE PMT) traded up $0.08 during mid-day trading on Monday, hitting $15.74. 749,800 shares of the stock traded hands, compared to its average volume of 476,011. The stock has a market cap of $1,032.04, a price-to-earnings ratio of 11.09 and a beta of 0.52. PennyMac Mortgage Investment Trust has a 1-year low of $14.87 and a 1-year high of $18.46. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.78 and a current ratio of 0.78.

PennyMac Mortgage Investment Trust (NYSE:PMT) last announced its quarterly earnings data on Thursday, November 2nd. The real estate investment trust reported $0.20 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.38 by ($0.18). The company had revenue of $75.80 million for the quarter, compared to analysts’ expectations of $81.72 million. PennyMac Mortgage Investment Trust had a return on equity of 7.59% and a net margin of 36.07%. The company’s revenue was down 26.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.06 earnings per share. equities analysts expect that PennyMac Mortgage Investment Trust will post 1.32 earnings per share for the current year.

In related news, insider David Spector sold 18,750 shares of the stock in a transaction that occurred on Wednesday, October 18th. The shares were sold at an average price of $16.91, for a total transaction of $317,062.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In the last three months, insiders have sold 75,000 shares of company stock valued at $1,299,563. Corporate insiders own 2.08% of the company’s stock.

Several equities research analysts recently commented on PMT shares. Zacks Investment Research lowered shares of PennyMac Mortgage Investment Trust from a “hold” rating to a “sell” rating in a research report on Wednesday, August 30th. ValuEngine lowered shares of PennyMac Mortgage Investment Trust from a “buy” rating to a “hold” rating in a research report on Monday, November 6th. Keefe, Bruyette & Woods lowered shares of PennyMac Mortgage Investment Trust from an “outperform” rating to a “market perform” rating and reduced their target price for the company from $19.00 to $18.00 in a report on Tuesday, October 10th. Finally, BidaskClub upgraded shares of PennyMac Mortgage Investment Trust from a “hold” rating to a “buy” rating in a report on Saturday, August 26th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $18.50.

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About PennyMac Mortgage Investment Trust

PennyMac Mortgage Investment Trust is a specialty finance company that invests primarily in residential mortgage loans and mortgage-related assets. The Company conducts all of its operations, and makes all of its investments, through PennyMac Operating Partnership, L.P. (its Operating Partnership) and its subsidiaries.

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Institutional Ownership by Quarter for PennyMac Mortgage Investment Trust (NYSE:PMT)

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