19,755 Shares in PennyMac Mortgage Investment Trust (PMT) Purchased by OppenheimerFunds Inc.

OppenheimerFunds Inc. acquired a new position in PennyMac Mortgage Investment Trust (NYSE:PMT) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 19,755 shares of the real estate investment trust’s stock, valued at approximately $356,000.

Other large investors have also modified their holdings of the company. GSA Capital Partners LLP purchased a new position in shares of PennyMac Mortgage Investment Trust in the 1st quarter worth $192,000. Envestnet Asset Management Inc. grew its stake in shares of PennyMac Mortgage Investment Trust by 55.2% in the 1st quarter. Envestnet Asset Management Inc. now owns 13,644 shares of the real estate investment trust’s stock worth $246,000 after buying an additional 4,850 shares in the last quarter. Cambridge Investment Research Advisors Inc. purchased a new position in shares of PennyMac Mortgage Investment Trust in the 4th quarter worth $288,000. Xact Kapitalforvaltning AB purchased a new position in shares of PennyMac Mortgage Investment Trust in the 4th quarter worth $323,000. Finally, Aperio Group LLC grew its stake in shares of PennyMac Mortgage Investment Trust by 79.2% in the 1st quarter. Aperio Group LLC now owns 20,462 shares of the real estate investment trust’s stock worth $369,000 after buying an additional 9,046 shares in the last quarter. 70.65% of the stock is owned by institutional investors and hedge funds.

In related news, CEO David Spector sold 8,235 shares of PennyMac Mortgage Investment Trust stock in a transaction dated Monday, June 4th. The shares were sold at an average price of $18.68, for a total transaction of $153,829.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Doug Jones sold 3,725 shares of PennyMac Mortgage Investment Trust stock in a transaction dated Tuesday, June 5th. The shares were sold at an average price of $18.67, for a total transaction of $69,545.75. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 16,872 shares of company stock valued at $312,080. 2.46% of the stock is owned by corporate insiders.

A number of research firms recently commented on PMT. Zacks Investment Research raised shares of PennyMac Mortgage Investment Trust from a “sell” rating to a “hold” rating in a research note on Thursday, April 26th. ValuEngine cut shares of PennyMac Mortgage Investment Trust from a “buy” rating to a “hold” rating in a research note on Wednesday, May 2nd.

PennyMac Mortgage Investment Trust opened at $18.99 on Friday, MarketBeat reports. PennyMac Mortgage Investment Trust has a 12 month low of $14.87 and a 12 month high of $19.30. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.57 and a quick ratio of 0.57. The stock has a market cap of $1.15 billion, a P/E ratio of 14.61 and a beta of 0.44.

PennyMac Mortgage Investment Trust (NYSE:PMT) last released its quarterly earnings results on Thursday, May 3rd. The real estate investment trust reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.30 by $0.05. PennyMac Mortgage Investment Trust had a net margin of 33.00% and a return on equity of 7.28%. The firm had revenue of $75.67 million during the quarter, compared to analysts’ expectations of $80.20 million. During the same period in the previous year, the company earned $0.47 EPS. research analysts expect that PennyMac Mortgage Investment Trust will post 1.55 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, July 30th. Investors of record on Friday, July 13th will be paid a dividend of $0.47 per share. The ex-dividend date of this dividend is Thursday, July 12th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 9.90%. PennyMac Mortgage Investment Trust’s dividend payout ratio is presently 144.62%.

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

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