Impac Mortgage Holdings Inc. (IMH) Lifted to “Outperform” at JMP Securities
JMP Securities upgraded shares of Impac Mortgage Holdings Inc. (NYSEMKT:IMH) from a market perform rating to an outperform rating in a report released on Wednesday morning. They currently have $20.00 price objective on the stock.
Shares of Impac Mortgage Holdings (NYSEMKT:IMH) opened at 14.50 on Wednesday. The firm has a market capitalization of $181.70 million, a PE ratio of 4.27 and a beta of 0.91. Impac Mortgage Holdings has a 52 week low of $11.51 and a 52 week high of $24.22. The stock has a 50 day moving average price of $15.00 and a 200-day moving average price of $15.19.
Impac Mortgage Holdings (NYSEMKT:IMH) last announced its earnings results on Friday, July 29th. The company reported $0.92 EPS for the quarter. Equities analysts anticipate that Impac Mortgage Holdings will post $4.35 earnings per share for the current year.
In related news, major shareholder Richard H/ Pickup bought 12,786 shares of the stock in a transaction on Wednesday, August 17th. The shares were purchased at an average price of $15.74 per share, for a total transaction of $201,251.64. Following the acquisition, the insider now owns 100,000 shares in the company, valued at $1,574,000. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
About Impac Mortgage Holdings
Impac Mortgage Holdings, Inc is an independent residential mortgage lender. The Company operates through three segments: Mortgage Lending, Real Estate Services and Long-Term Mortgage Portfolio. It originates, sells and services conventional, conforming agency and Government insured residential mortgage loans.
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