Insider Buying: Claros Mortgage Trust (NYSE:CMTG) CEO Acquires $318,000.00 in Stock

Claros Mortgage Trust, Inc. (NYSE:CMTG) CEO Richard Mack acquired 200,000 shares of the business’s stock in a transaction on Thursday, September 3rd. The stock was bought at an average cost of $1.59 per share, for a total transaction of $318,000.00. Following the completion of the transaction, the chief executive officer directly owned 3,090,308 shares of the company’s stock, valued at $4,913,589.72. This trade represents a 6.92% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Richard Mack also recently made the following trade(s):

• On Friday, September 4th, Richard Mack acquired 20,603 shares of Claros Mortgage Trust stock. The shares were bought at an average price of $1.59 per share, for a total transaction of $32,758.77.

Claros Mortgage Trust Price Performance

Shares of NYSE CMTG opened at $1.54 on Friday. Claros Mortgage Trust, Inc. has a 1-year low of $1.44 and a 1-year high of $3.99. The business has a 50-day moving average of $1.91 and a 200-day moving average of $2.24. The company has a debt-to-equity ratio of 1.81, a current ratio of 21.44 and a quick ratio of 21.44. The company has a market capitalization of $217.97 million, a price-to-earnings ratio of -0.40 and a beta of 1.14.

Claros Mortgage Trust (NYSE:CMTG) last announced its earnings results on Wednesday, July 29th. The company reported ($0.63) EPS for the quarter, missing the consensus estimate of ($0.25) by ($0.38). The company had revenue of $30.00 million for the quarter, compared to analysts’ expectations of $33.55 million. Claros Mortgage Trust had a negative net margin of 354.13% and a negative return on equity of 19.70%. On average, equities analysts anticipate that Claros Mortgage Trust, Inc. will post -2.67 EPS for the current fiscal year.

Analyst Ratings Changes

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

Institutional Trading of Claros Mortgage Trust

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Gallagher Fiduciary Advisors LLC acquired a new position in Claros Mortgage Trust during the 2nd quarter worth $79,000. Bank of America Corp DE raised its stake in shares of Claros Mortgage Trust by 41.0% in the 1st quarter. Bank of America Corp DE now owns 108,263 shares of the company’s stock valued at $258,000 after purchasing an additional 31,494 shares in the last quarter. Mariner LLC acquired a new stake in shares of Claros Mortgage Trust in the 4th quarter valued at about $38,000. CIBC Asset Management Inc bought a new position in shares of Claros Mortgage Trust during the fourth quarter worth about $48,000. Finally, Focus Partners Wealth bought a new position in shares of Claros Mortgage Trust during the third quarter worth about $34,000. Institutional investors own 89.53% of the company’s stock.

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.