Koch Inc. Takes Position in Claros Mortgage Trust, Inc. (NYSE:CMTG)

Koch Inc. bought a new stake in Claros Mortgage Trust, Inc. (NYSE:CMTG) during the 4th quarter, HoldingsChannel reports. The fund bought 15,126,917 shares of the company’s stock, valued at approximately $68,374,000. Claros Mortgage Trust comprises approximately 24.2% of Koch Inc.’s holdings, making the stock its 2nd biggest position. Koch Inc. owned about 0.11% of Claros Mortgage Trust as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Arlington Trust Co LLC purchased a new stake in Claros Mortgage Trust during the fourth quarter worth about $43,000. Proficio Capital Partners LLC acquired a new position in Claros Mortgage Trust during the fourth quarter worth about $47,000. Quantbot Technologies LP acquired a new position in Claros Mortgage Trust during the fourth quarter worth about $69,000. Los Angeles Capital Management LLC acquired a new position in Claros Mortgage Trust during the fourth quarter worth about $78,000. Finally, GSA Capital Partners LLP acquired a new position in Claros Mortgage Trust during the third quarter worth about $101,000. Hedge funds and other institutional investors own 89.53% of the company’s stock.

Claros Mortgage Trust Price Performance

Shares of CMTG stock opened at $4.15 on Friday. The company has a market capitalization of $577.66 million, a PE ratio of -2.61 and a beta of 1.63. The firm has a fifty day simple moving average of $3.30 and a 200-day simple moving average of $5.31. The company has a current ratio of 25.67, a quick ratio of 20.68 and a debt-to-equity ratio of 2.08. Claros Mortgage Trust, Inc. has a twelve month low of $2.13 and a twelve month high of $9.92.

Claros Mortgage Trust (NYSE:CMTG) last announced its earnings results on Wednesday, February 19th. The company reported $0.15 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.03. The business had revenue of $60.23 million during the quarter, compared to the consensus estimate of $58.07 million. Claros Mortgage Trust had a negative net margin of 89.07% and a positive return on equity of 4.72%. Equities research analysts anticipate that Claros Mortgage Trust, Inc. will post 0.27 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO Richard Mack purchased 115,000 shares of the business’s stock in a transaction that occurred on Monday, March 10th. The shares were purchased at an average cost of $3.19 per share, with a total value of $366,850.00. Following the completion of the acquisition, the chief executive officer now directly owns 2,564,981 shares of the company’s stock, valued at approximately $8,182,289.39. The trade was a 4.69 % increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Mike Mcgillis purchased 24,115 shares of the business’s stock in a transaction that occurred on Wednesday, March 12th. The stock was bought at an average cost of $3.30 per share, for a total transaction of $79,579.50. Following the completion of the acquisition, the chief financial officer now directly owns 475,945 shares of the company’s stock, valued at $1,570,618.50. This represents a 5.34 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders bought 169,115 shares of company stock worth $547,930. 1.40% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on CMTG. Wells Fargo & Company cut their target price on shares of Claros Mortgage Trust from $8.00 to $3.00 and set an “underweight” rating for the company in a research report on Tuesday, February 25th. UBS Group cut their price objective on shares of Claros Mortgage Trust from $6.00 to $5.25 and set a “buy” rating for the company in a research report on Tuesday, February 25th. Finally, Keefe, Bruyette & Woods dropped their price target on shares of Claros Mortgage Trust from $4.00 to $2.50 and set an “underperform” rating for the company in a research report on Thursday, February 27th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, Claros Mortgage Trust currently has a consensus rating of “Hold” and a consensus price target of $4.31.

About Claros Mortgage Trust

Claros Mortgage Trust, Inc operates as a real estate investment trust. It focuses on originating senior and subordinate loans on transitional commercial real estate assets in the United States. The company has elected to be taxed as a real estate investment trust. As a result, it would not be subject to corporate income tax on that portion of its net income that is distributed to shareholders.