29,657 Shares in PennyMac Mortgage Investment Trust (PMT) Acquired by Caxton Associates LP

Caxton Associates LP bought a new stake in shares of PennyMac Mortgage Investment Trust (NYSE:PMT) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 29,657 shares of the real estate investment trust’s stock, valued at approximately $526,000.

Other institutional investors also recently bought and sold shares of the company. Clough Capital Partners L P increased its stake in shares of PennyMac Mortgage Investment Trust by 4.8% in the first quarter. Clough Capital Partners L P now owns 1,116,172 shares of the real estate investment trust’s stock valued at $19,812,000 after buying an additional 51,261 shares in the last quarter. Metropolitan Life Insurance Co. NY increased its stake in shares of PennyMac Mortgage Investment Trust by 3.0% in the first quarter. Metropolitan Life Insurance Co. NY now owns 47,181 shares of the real estate investment trust’s stock valued at $837,000 after buying an additional 1,389 shares in the last quarter. Jane Street Group LLC acquired a new stake in shares of PennyMac Mortgage Investment Trust during the first quarter valued at about $190,000. AQR Capital Management LLC increased its stake in shares of PennyMac Mortgage Investment Trust by 1.1% in the first quarter. AQR Capital Management LLC now owns 90,360 shares of the real estate investment trust’s stock valued at $1,604,000 after buying an additional 940 shares in the last quarter. Finally, Investment Centers of America Inc. acquired a new stake in shares of PennyMac Mortgage Investment Trust during the first quarter valued at about $242,000. Institutional investors own 64.15% of the company’s stock.

Shares of PennyMac Mortgage Investment Trust (NYSE PMT) opened at 17.58 on Wednesday. The firm’s 50-day moving average price is $17.83 and its 200-day moving average price is $17.29. The firm has a market capitalization of $1.17 billion, a P/E ratio of 13.85 and a beta of 0.52. PennyMac Mortgage Investment Trust has a 12-month low of $14.28 and a 12-month high of $18.46.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 27th. Stockholders of record on Thursday, July 13th will be paid a $0.47 dividend. The ex-dividend date of this dividend is Tuesday, July 11th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 10.69%. PennyMac Mortgage Investment Trust’s dividend payout ratio (DPR) is 150.40%.

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Several brokerages have recently issued reports on PMT. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $18.00 price target on shares of PennyMac Mortgage Investment Trust in a research report on Wednesday, April 19th. BidaskClub downgraded PennyMac Mortgage Investment Trust from a “strong-buy” rating to a “buy” rating in a research report on Sunday. Credit Suisse Group lifted their target price on PennyMac Mortgage Investment Trust from $18.00 to $19.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 28th. Finally, Zacks Investment Research raised PennyMac Mortgage Investment Trust from a “hold” rating to a “buy” rating and set a $20.00 target price on the stock in a research report on Tuesday, May 9th. One analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the stock. PennyMac Mortgage Investment Trust has a consensus rating of “Hold” and a consensus target price of $17.46.

In related news, CEO David Spector sold 8,235 shares of the company’s stock in a transaction on Monday, June 5th. The shares were sold at an average price of $17.59, for a total transaction of $144,853.65. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Andrew S. Chang sold 1,937 shares of the company’s stock in a transaction on Monday, June 5th. The shares were sold at an average price of $17.64, for a total transaction of $34,168.68. The disclosure for this sale can be found here. Insiders sold a total of 12,626 shares of company stock valued at $222,229 in the last ninety days. 1.80% of the stock is owned by corporate insiders.

PennyMac Mortgage Investment Trust Company Profile

PennyMac Mortgage Investment Trust is a specialty finance company that invests primarily in residential mortgage loans and mortgage-related assets. The Company conducts all of its operations, and makes all of its investments, through PennyMac Operating Partnership, L.P. (its Operating Partnership) and its subsidiaries.

Institutional Ownership by Quarter for PennyMac Mortgage Investment Trust (NYSE:PMT)

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