O Shaughnessy Asset Management LLC Sells 56,761 Shares of PennyMac Mortgage Investment Trust (NYSE:PMT)

O Shaughnessy Asset Management LLC trimmed its holdings in shares of PennyMac Mortgage Investment Trust (NYSE:PMT) by 30.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 132,287 shares of the real estate investment trust’s stock after selling 56,761 shares during the period. O Shaughnessy Asset Management LLC owned about 0.15% of PennyMac Mortgage Investment Trust worth $1,665,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Versant Capital Management Inc boosted its stake in shares of PennyMac Mortgage Investment Trust by 58.0% during the fourth quarter. Versant Capital Management Inc now owns 2,240 shares of the real estate investment trust’s stock valued at $28,000 after purchasing an additional 822 shares in the last quarter. Rhumbline Advisers boosted its position in PennyMac Mortgage Investment Trust by 0.4% during the 4th quarter. Rhumbline Advisers now owns 264,702 shares of the real estate investment trust’s stock valued at $3,333,000 after acquiring an additional 1,001 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new position in shares of PennyMac Mortgage Investment Trust in the 3rd quarter valued at $28,000. Rialto Wealth Management LLC purchased a new position in shares of PennyMac Mortgage Investment Trust in the 4th quarter valued at $25,000. Finally, Principal Securities Inc. raised its position in shares of PennyMac Mortgage Investment Trust by 2,042.9% in the 4th quarter. Principal Securities Inc. now owns 2,400 shares of the real estate investment trust’s stock worth $30,000 after acquiring an additional 2,288 shares in the last quarter. Hedge funds and other institutional investors own 67.38% of the company’s stock.

Wall Street Analyst Weigh In

Separately, JMP Securities reiterated a “market outperform” rating and issued a $15.50 target price on shares of PennyMac Mortgage Investment Trust in a research note on Thursday, January 23rd. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, PennyMac Mortgage Investment Trust presently has an average rating of “Moderate Buy” and an average price target of $15.20.

Insiders Place Their Bets

In other news, Director Doug Jones sold 14,530 shares of the stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $14.50, for a total value of $210,685.00. Following the transaction, the director now directly owns 64,082 shares of the company’s stock, valued at approximately $929,189. This represents a 18.48 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.89% of the company’s stock.

PennyMac Mortgage Investment Trust Stock Down 5.2 %

PennyMac Mortgage Investment Trust stock opened at $13.68 on Friday. The business has a fifty day moving average price of $14.11 and a 200-day moving average price of $13.65. PennyMac Mortgage Investment Trust has a 1-year low of $11.77 and a 1-year high of $15.22. The stock has a market capitalization of $1.19 billion, a price-to-earnings ratio of 10.29 and a beta of 1.17. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.41 and a quick ratio of 0.41.

PennyMac Mortgage Investment Trust (NYSE:PMT) last issued its quarterly earnings results on Thursday, January 30th. The real estate investment trust reported $0.41 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.04. PennyMac Mortgage Investment Trust had a return on equity of 11.48% and a net margin of 48.17%. Equities research analysts forecast that PennyMac Mortgage Investment Trust will post 1.54 EPS for the current fiscal year.

PennyMac Mortgage Investment Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Friday, April 11th will be paid a dividend of $0.40 per share. The ex-dividend date is Friday, April 11th. This represents a $1.60 dividend on an annualized basis and a yield of 11.69%. PennyMac Mortgage Investment Trust’s payout ratio is 120.30%.

About PennyMac Mortgage Investment Trust

PennyMac Mortgage Investment Trust, through its subsidiary, primarily invests in mortgage-related assets in the United States. The company operates through: Credit Sensitive Strategies, Interest Rate Sensitive Strategies, Correspondent Production segments. Its Credit Sensitive Strategies segment invests in credit risk transfer (CRT) agreements, CRT securities, subordinate mortgage-backed securities (MBS), distressed loans, and real estate.