Richard Mack Buys 20,603 Shares of Claros Mortgage Trust (NYSE:CMTG) Stock

Claros Mortgage Trust, Inc. (NYSE:CMTG) CEO Richard Mack purchased 20,603 shares of the company’s stock in a transaction on Friday, September 4th. The shares were purchased at an average cost of $1.59 per share, for a total transaction of $32,758.77. Following the completion of the transaction, the chief executive officer directly owned 3,110,911 shares of the company’s stock, valued at approximately $4,946,348.49. This represents a 0.67% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Thursday, September 3rd, Richard Mack acquired 200,000 shares of Claros Mortgage Trust stock. The stock was purchased at an average cost of $1.59 per share, with a total value of $318,000.00.

Claros Mortgage Trust Stock Performance

Shares of CMTG traded down $0.07 during midday trading on Tuesday, reaching $1.54. The stock had a trading volume of 263,435 shares, compared to its average volume of 577,886. The firm has a market cap of $217.97 million, a PE ratio of -0.40 and a beta of 1.14. The firm has a 50 day simple moving average of $1.96 and a 200-day simple moving average of $2.26. Claros Mortgage Trust, Inc. has a one year low of $1.44 and a one year high of $3.99. The company has a current ratio of 21.44, a quick ratio of 21.44 and a debt-to-equity ratio of 1.81.

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

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company lifted its holdings in shares of Claros Mortgage Trust by 9.6% during the second quarter. The Manufacturers Life Insurance Company now owns 36,223 shares of the company’s stock worth $103,000 after buying an additional 3,163 shares in the last quarter. BNP Paribas Financial Markets boosted its position in shares of Claros Mortgage Trust by 75.8% in the second quarter. BNP Paribas Financial Markets now owns 8,938 shares of the company’s stock valued at $25,000 after acquiring an additional 3,854 shares during the period. Renaissance Technologies LLC grew its stake in shares of Claros Mortgage Trust by 18.5% in the fourth quarter. Renaissance Technologies LLC now owns 26,900 shares of the company’s stock valued at $82,000 after acquiring an additional 4,200 shares in the last quarter. Tower Research Capital LLC TRC grew its stake in shares of Claros Mortgage Trust by 53.3% in the second quarter. Tower Research Capital LLC TRC now owns 17,193 shares of the company’s stock valued at $49,000 after acquiring an additional 5,976 shares in the last quarter. Finally, Vident Advisory LLC increased its position in Claros Mortgage Trust by 10.3% during the fourth quarter. Vident Advisory LLC now owns 71,360 shares of the company’s stock worth $218,000 after acquiring an additional 6,655 shares during the period. Institutional investors own 89.53% of the company’s stock.

Analyst Ratings Changes

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

About Claros Mortgage Trust

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.