Gratia Capital LLC Has $3.06 Million Stock Holdings in Claros Mortgage Trust, Inc. $CMTG

Gratia Capital LLC trimmed its position in Claros Mortgage Trust, Inc. (NYSE:CMTG) by 23.5% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 1,301,212 shares of the company’s stock after selling 398,872 shares during the period. Claros Mortgage Trust comprises approximately 1.8% of Gratia Capital LLC’s holdings, making the stock its 14th largest holding. Gratia Capital LLC owned about 0.92% of Claros Mortgage Trust worth $3,058,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. BNP Paribas Financial Markets raised its holdings in Claros Mortgage Trust by 75.8% during the 2nd quarter. BNP Paribas Financial Markets now owns 8,938 shares of the company’s stock worth $25,000 after purchasing an additional 3,854 shares during the last quarter. Focus Partners Wealth bought a new position in shares of Claros Mortgage Trust in the 3rd quarter valued at about $34,000. Mariner LLC bought a new position in shares of Claros Mortgage Trust in the 4th quarter valued at about $38,000. Jump Financial LLC acquired a new stake in shares of Claros Mortgage Trust during the 2nd quarter worth approximately $44,000. Finally, Hsbc Holdings PLC bought a new stake in shares of Claros Mortgage Trust during the first quarter worth approximately $37,000. 89.53% of the stock is owned by institutional investors and hedge funds.

Claros Mortgage Trust Trading Up 2.3%

Shares of NYSE CMTG opened at $1.57 on Thursday. Claros Mortgage Trust, Inc. has a twelve month low of $1.44 and a twelve month high of $3.99. The stock has a market cap of $222.20 million, a price-to-earnings ratio of -0.41 and a beta of 1.14. The company has a quick ratio of 21.44, a current ratio of 21.44 and a debt-to-equity ratio of 1.81. The company’s fifty day moving average is $1.93 and its 200-day moving average is $2.25.

Claros Mortgage Trust (NYSE:CMTG) last released its quarterly earnings data on Wednesday, July 29th. The company reported ($0.63) EPS for the quarter, missing analysts’ consensus estimates of ($0.25) by ($0.38). The firm had revenue of $30.00 million during the quarter, compared to the consensus estimate of $33.55 million. Claros Mortgage Trust had a negative net margin of 354.13% and a negative return on equity of 19.70%. Equities research analysts predict that Claros Mortgage Trust, Inc. will post -2.67 EPS for the current year.

Insider Activity

In other Claros Mortgage Trust news, CFO Mike Mcgillis acquired 25,000 shares of the business’s stock in a transaction dated Thursday, August 6th. The shares were acquired at an average price of $1.71 per share, for a total transaction of $42,750.00. Following the acquisition, the chief financial officer directly owned 749,000 shares of the company’s stock, valued at approximately $1,280,790. This trade represents a 3.45% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Richard Mack acquired 20,603 shares of the firm’s stock in a transaction that occurred on Friday, September 4th. The stock was acquired at an average price of $1.59 per share, with a total value of $32,758.77. Following the completion of the transaction, the chief executive officer directly owned 3,110,911 shares in the company, valued at $4,946,348.49. This trade represents a 0.67% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders acquired 245,603 shares of company stock valued at $393,509 over the last 90 days. Corporate insiders own 2.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on CMTG. UBS Group initiated coverage on shares of Claros Mortgage Trust in a research note on Thursday, July 16th. They issued a “neutral” rating and a $2.75 price objective on the stock. Wells Fargo & Company dropped their target price on shares of Claros Mortgage Trust from $2.50 to $1.75 and set an “underweight” rating for the company in a research report on Wednesday, August 5th. Weiss Ratings downgraded Claros Mortgage Trust from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Monday, August 3rd. Wall Street Zen lowered Claros Mortgage Trust from a “hold” rating to a “strong sell” rating in a research report on Saturday, August 1st. Finally, Keefe, Bruyette & Woods decreased their price objective on Claros Mortgage Trust from $2.50 to $2.15 and set an “underperform” rating for the company in a research note on Tuesday, August 4th. One investment analyst has rated the stock with a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Strong Sell” and an average target price of $2.22.

Claros Mortgage Trust Company Profile

Claros Mortgage Trust is a specialty finance company structured as a real estate investment trust that acquires and manages a portfolio of newly originated, conventional residential mortgage loans guaranteed or insured by U.S. government‐sponsored enterprises. The company concentrates on Agency collateral, including loans backed by Ginnie Mae, Fannie Mae and Freddie Mac, aiming to generate current income while preserving capital through high‐quality, credit‐enhanced assets.

Under an external management agreement with Claros Mortgage Capital Advisors LLC, the firm leverages a seasoned team to source, underwrite and service mortgage assets.