IMPAC Mortgage Holdings, Inc (NYSEMKT:IMH) was upgraded by BidaskClub from a “strong sell” rating to a “sell” rating in a research report issued on Wednesday.

Separately, ValuEngine lowered shares of IMPAC Mortgage Holdings from a “buy” rating to a “hold” rating in a report on Saturday, June 24th.

IMPAC Mortgage Holdings (NYSEMKT:IMH) opened at 15.50 on Wednesday. The company has a market capitalization of $316.94 million, a PE ratio of 4.74 and a beta of 0.91. The stock has a 50 day moving average of $15.09 and a 200-day moving average of $14.40. IMPAC Mortgage Holdings has a 12-month low of $12.04 and a 12-month high of $17.67.

IMPAC Mortgage Holdings (NYSEMKT:IMH) last issued its quarterly earnings data on Tuesday, August 8th. The financial services provider reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.96 by $0.97. IMPAC Mortgage Holdings had a net margin of 10.20% and a return on equity of 7.94%. Equities analysts expect that IMPAC Mortgage Holdings will post $3.00 earnings per share for the current year.

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A number of hedge funds have recently modified their holdings of the stock. Rhumbline Advisers raised its stake in shares of IMPAC Mortgage Holdings by 9.0% in the second quarter. Rhumbline Advisers now owns 11,918 shares of the financial services provider’s stock valued at $180,000 after buying an additional 980 shares during the period. Bank of New York Mellon Corp raised its stake in shares of IMPAC Mortgage Holdings by 2.1% in the second quarter. Bank of New York Mellon Corp now owns 78,933 shares of the financial services provider’s stock valued at $1,194,000 after buying an additional 1,598 shares during the period. SG Americas Securities LLC bought a new stake in shares of IMPAC Mortgage Holdings during the second quarter valued at about $143,000. First Trust Advisors LP bought a new stake in shares of IMPAC Mortgage Holdings during the second quarter valued at about $183,000. Finally, Municipal Employees Retirement System of Michigan raised its stake in shares of IMPAC Mortgage Holdings by 194.2% in the second quarter. Municipal Employees Retirement System of Michigan now owns 110,840 shares of the financial services provider’s stock valued at $1,677,000 after buying an additional 73,160 shares during the period.

IMPAC Mortgage Holdings Company Profile

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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