O Shaughnessy Asset Management LLC Trims Stock Position in PennyMac Mortgage Investment Trust (NYSE:PMT)

O Shaughnessy Asset Management LLC trimmed its holdings in PennyMac Mortgage Investment Trust (NYSE:PMT) by 30.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 132,287 shares of the real estate investment trust’s stock after selling 56,761 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in PennyMac Mortgage Investment Trust were worth $1,665,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Rialto Wealth Management LLC purchased a new stake in shares of PennyMac Mortgage Investment Trust in the fourth quarter worth about $25,000. Wilmington Savings Fund Society FSB purchased a new stake in PennyMac Mortgage Investment Trust in the 3rd quarter worth approximately $28,000. Versant Capital Management Inc grew its stake in shares of PennyMac Mortgage Investment Trust by 58.0% during the 4th quarter. Versant Capital Management Inc now owns 2,240 shares of the real estate investment trust’s stock worth $28,000 after purchasing an additional 822 shares during the period. Principal Securities Inc. increased its holdings in shares of PennyMac Mortgage Investment Trust by 2,042.9% during the 4th quarter. Principal Securities Inc. now owns 2,400 shares of the real estate investment trust’s stock valued at $30,000 after purchasing an additional 2,288 shares in the last quarter. Finally, New Age Alpha Advisors LLC purchased a new position in shares of PennyMac Mortgage Investment Trust during the 4th quarter valued at approximately $36,000. 67.38% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, JMP Securities reissued a “market outperform” rating and set a $15.50 price target on shares of PennyMac Mortgage Investment Trust in a report on Thursday, January 23rd. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $15.20.

PennyMac Mortgage Investment Trust Stock Down 5.2 %

PennyMac Mortgage Investment Trust stock opened at $13.68 on Friday. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.41 and a quick ratio of 0.41. The stock has a market capitalization of $1.19 billion, a PE ratio of 10.29 and a beta of 1.17. The business has a 50 day simple moving average of $14.11 and a 200-day simple moving average of $13.65. PennyMac Mortgage Investment Trust has a 12 month low of $11.77 and a 12 month high of $15.22.

PennyMac Mortgage Investment Trust (NYSE:PMT) last issued its quarterly earnings results on Thursday, January 30th. The real estate investment trust reported $0.41 EPS for the quarter, topping the consensus estimate of $0.37 by $0.04. PennyMac Mortgage Investment Trust had a net margin of 48.17% and a return on equity of 11.48%. On average, analysts anticipate that PennyMac Mortgage Investment Trust will post 1.54 EPS for the current fiscal year.

PennyMac Mortgage Investment Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Friday, April 11th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 11.69%. The ex-dividend date of this dividend is Friday, April 11th. PennyMac Mortgage Investment Trust’s dividend payout ratio is presently 120.30%.

Insider Buying and Selling

In other PennyMac Mortgage Investment Trust news, Director Doug Jones sold 14,530 shares of the firm’s stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $14.50, for a total value of $210,685.00. Following the transaction, the director now owns 64,082 shares in the company, valued at approximately $929,189. This trade represents a 18.48 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.89% of the stock is currently owned by insiders.

About PennyMac Mortgage Investment Trust

PennyMac Mortgage Investment Trust, through its subsidiary, primarily invests in mortgage-related assets in the United States. The company operates through: Credit Sensitive Strategies, Interest Rate Sensitive Strategies, Correspondent Production segments. Its Credit Sensitive Strategies segment invests in credit risk transfer (CRT) agreements, CRT securities, subordinate mortgage-backed securities (MBS), distressed loans, and real estate.