Short Interest in Impac Mortgage Holdings, Inc. (NYSEAMERICAN:IMH) Drops By 26.4%


Share on StockTwits

Impac Mortgage Holdings, Inc. (NYSEAMERICAN:IMH) was the recipient of a large decline in short interest during the month of April. As of April 15th, there was short interest totalling 155,400 shares, a decline of 26.4% from the March 31st total of 211,100 shares. Based on an average trading volume of 254,200 shares, the short-interest ratio is currently 0.6 days. Currently, 1.4% of the shares of the company are short sold.

In other news, Chairman George A. Mangiaracina sold 16,408 shares of the business’s stock in a transaction dated Tuesday, February 16th. The shares were sold at an average price of $3.45, for a total transaction of $56,607.60. Following the transaction, the chairman now owns 173,989 shares in the company, valued at approximately $600,262.05. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, major shareholder Rhp Trust, Dated May 31, 2011 acquired 25,000 shares of the company’s stock in a transaction dated Monday, April 12th. The shares were bought at an average price of $1.94 per share, for a total transaction of $48,500.00. Following the acquisition, the insider now owns 120,000 shares in the company, valued at approximately $232,800. The disclosure for this purchase can be found here. In the last three months, insiders have acquired 181,797 shares of company stock valued at $360,867 and have sold 23,274 shares valued at $78,423. 40.40% of the stock is owned by insiders.

A number of large investors have recently added to or reduced their stakes in the business. Susquehanna International Group LLP lifted its position in shares of Impac Mortgage by 70.2% during the fourth quarter. Susquehanna International Group LLP now owns 18,574 shares of the company’s stock worth $56,000 after purchasing an additional 7,664 shares in the last quarter. Ellevest Inc. acquired a new position in shares of Impac Mortgage during the first quarter worth approximately $79,000. AJ Wealth Strategies LLC acquired a new position in shares of Impac Mortgage during the fourth quarter worth approximately $142,000. Beacon Pointe Advisors LLC lifted its position in shares of Impac Mortgage by 16.5% during the fourth quarter. Beacon Pointe Advisors LLC now owns 129,840 shares of the company’s stock worth $395,000 after purchasing an additional 18,420 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its position in shares of Impac Mortgage by 188.5% during the fourth quarter. Renaissance Technologies LLC now owns 181,842 shares of the company’s stock worth $553,000 after purchasing an additional 118,804 shares in the last quarter. Hedge funds and other institutional investors own 13.18% of the company’s stock.

NYSEAMERICAN IMH traded down $0.02 on Tuesday, reaching $2.04. The company’s stock had a trading volume of 29,252 shares, compared to its average volume of 222,361. The stock has a market capitalization of $43.51 million, a price-to-earnings ratio of -0.50 and a beta of 0.86. Impac Mortgage has a 52 week low of $1.10 and a 52 week high of $4.14. The company has a debt-to-equity ratio of 131.61, a quick ratio of 0.43 and a current ratio of 1.47. The company’s 50-day moving average price is $2.46.

Impac Mortgage (NYSEAMERICAN:IMH) last released its quarterly earnings results on Thursday, March 11th. The company reported $0.16 EPS for the quarter, missing the Zacks’ consensus estimate of $0.39 by ($0.23).

Impac Mortgage Company Profile

Impac Mortgage Holdings, Inc operates as a residential mortgage lender in the United States. It operates through three segments: Mortgage Lending, Real Estate Services, and Long-Term Mortgage Portfolio. The Mortgage Lending segment provides mortgage lending products through three lending channels, such as retail, wholesale, and correspondent and opportunistically retain mortgage servicing rights.

Further Reading: Intrinsic Value and Stock Selection

Receive News & Ratings for Impac Mortgage Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Impac Mortgage and related companies with MarketBeat.com's FREE daily email newsletter.