IMPAC Mortgage Holdings, Inc (NYSEAMERICAN:IMH) major shareholder Thomas B. Akin sold 8,410 shares of the stock in a transaction on Thursday, September 10th. The shares were sold at an average price of $1.30, for a total value of $10,933.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Major shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.
NYSEAMERICAN IMH opened at $1.19 on Wednesday. IMPAC Mortgage Holdings, Inc has a 1 year low of $1.16 and a 1 year high of $8.03.
IMPAC Mortgage (NYSEAMERICAN:IMH) last announced its quarterly earnings results on Thursday, August 6th. The company reported ($0.49) earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.52). The business had revenue of ($4.06) million during the quarter.
A number of institutional investors have recently modified their holdings of IMH. Bridgeway Capital Management Inc. increased its holdings in shares of IMPAC Mortgage by 69.9% during the 2nd quarter. Bridgeway Capital Management Inc. now owns 201,781 shares of the company’s stock worth $341,000 after buying an additional 83,000 shares during the last quarter. Virtu Financial LLC acquired a new stake in IMPAC Mortgage in the 2nd quarter valued at approximately $30,000. Salzhauer Michael increased its holdings in IMPAC Mortgage by 19.8% in the 2nd quarter. Salzhauer Michael now owns 91,145 shares of the company’s stock valued at $154,000 after purchasing an additional 15,043 shares during the last quarter. Sara Bay Financial acquired a new position in shares of IMPAC Mortgage in the second quarter worth $37,000. Finally, Philadelphia Financial Management of San Francisco LLC grew its stake in shares of IMPAC Mortgage by 32.7% in the first quarter. Philadelphia Financial Management of San Francisco LLC now owns 313,013 shares of the company’s stock worth $761,000 after acquiring an additional 77,157 shares in the last quarter.
About IMPAC Mortgage
Impac Mortgage Holdings, Inc operates as an independent 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.
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