News headlines about Pennymac Mortgage Investment (NYSE:PMT) have been trending somewhat positive on Thursday, Accern Sentiment Analysis reports. The research firm ranks the sentiment of news coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Pennymac Mortgage Investment earned a news impact score of 0.11 on Accern’s scale. Accern also gave media stories about the real estate investment trust an impact score of 45.9042576702036 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Shares of NYSE:PMT traded up $0.18 during trading hours on Thursday, hitting $18.03. The stock had a trading volume of 792,327 shares, compared to its average volume of 911,497. Pennymac Mortgage Investment has a 1-year low of $14.87 and a 1-year high of $18.46. The company has a market cap of $1,081.08, a PE ratio of 12.18 and a beta of 0.45. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.90 and a quick ratio of 0.90.
Pennymac Mortgage Investment (NYSE:PMT) last announced its quarterly earnings results on Thursday, February 8th. The real estate investment trust reported $0.32 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.34 by ($0.02). Pennymac Mortgage Investment had a net margin of 34.34% and a return on equity of 7.03%. The business had revenue of $93.70 million during the quarter, compared to the consensus estimate of $80.43 million. During the same period in the previous year, the business posted $0.44 EPS. Pennymac Mortgage Investment’s revenue was up 36.0% compared to the same quarter last year. analysts expect that Pennymac Mortgage Investment will post 1.59 EPS for the current fiscal year.
Pennymac Mortgage Investment declared that its board has approved a stock buyback program on Wednesday, December 20th that permits the company to buyback $100.00 million in outstanding shares. This buyback authorization permits the real estate investment trust to reacquire shares of its stock through open market purchases. Shares buyback programs are often an indication that the company’s leadership believes its shares are undervalued.
PMT has been the subject of a number of recent analyst reports. Zacks Investment Research downgraded Pennymac Mortgage Investment from a “hold” rating to a “sell” rating in a report on Thursday, January 4th. ValuEngine upgraded Pennymac Mortgage Investment from a “hold” rating to a “buy” rating in a research note on Friday, December 1st.
In other news, Director Scott W. Carnahan bought 8,180 shares of the company’s stock in a transaction on Thursday, February 22nd. The shares were purchased at an average price of $17.23 per share, with a total value of $140,941.40. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Marianne Sullivan purchased 6,112 shares of the stock in a transaction that occurred on Tuesday, March 20th. The stock was bought at an average cost of $17.67 per share, for a total transaction of $107,999.04. The disclosure for this purchase can be found here. In the last three months, insiders have acquired 21,371 shares of company stock worth $369,899 and have sold 32,368 shares worth $560,050. 2.08% of the stock is owned by company insiders.
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Pennymac Mortgage Investment Company Profile
PennyMac Mortgage Investment Trust, a specialty finance company, invests primarily in residential mortgage loans and mortgage-related assets in the United States. The company's Correspondent Production segment engages in purchasing, pooling, and reselling newly originated prime credit mortgage loans directly or in the form of mortgage-backed securities (MBS).
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