IMPAC Mortgage Holdings, Inc (NYSEAMERICAN:IMH) was the target of a significant decrease in short interest in the month of October. As of October 31st, there was short interest totalling 684,043 shares, a decrease of 1.2% from the October 13th total of 692,436 shares. Currently, 5.3% of the shares of the company are sold short. Based on an average daily volume of 21,699 shares, the short-interest ratio is currently 31.5 days.

Shares of IMPAC Mortgage Holdings (NYSEAMERICAN:IMH) opened at $11.73 on Friday. IMPAC Mortgage Holdings has a 1-year low of $10.67 and a 1-year high of $17.40.

IMPAC Mortgage Holdings (NYSEAMERICAN:IMH) last issued its quarterly earnings data on Wednesday, November 8th. The company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.08 by ($0.07). IMPAC Mortgage Holdings had a net margin of 16.25% and a return on equity of 9.53%. The business had revenue of $42.08 million during the quarter.

Several analysts recently commented on the company. BidaskClub raised IMPAC Mortgage Holdings from a “strong sell” rating to a “sell” rating in a report on Wednesday, August 9th. JMP Securities dropped their target price on IMPAC Mortgage Holdings from $20.00 to $18.00 and set an “outperform” rating on the stock in a report on Friday, August 25th. One research analyst has rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company’s stock. IMPAC Mortgage Holdings currently has an average rating of “Hold” and an average target price of $9.68.

In other news, major shareholder Richard H/ Pickup acquired 494,004 shares of the business’s stock in a transaction dated Monday, October 16th. The shares were acquired at an average cost of $12.25 per share, with a total value of $6,051,549.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Wells Fargo & Company MN grew its holdings in IMPAC Mortgage Holdings by 27.0% in the third quarter. Wells Fargo & Company MN now owns 22,385 shares of the company’s stock valued at $292,000 after purchasing an additional 4,764 shares during the period. Nwam LLC acquired a new stake in IMPAC Mortgage Holdings in the third quarter valued at approximately $115,000. State Street Corp grew its holdings in IMPAC Mortgage Holdings by 15.5% in the second quarter. State Street Corp now owns 136,890 shares of the company’s stock valued at $2,071,000 after purchasing an additional 18,349 shares during the period. CQS Cayman LP acquired a new stake in IMPAC Mortgage Holdings in the second quarter valued at approximately $563,000. Finally, Dimensional Fund Advisors LP grew its holdings in IMPAC Mortgage Holdings by 4.3% in the second quarter. Dimensional Fund Advisors LP now owns 42,253 shares of the company’s stock valued at $639,000 after purchasing an additional 1,753 shares during the period.

ILLEGAL ACTIVITY NOTICE: This article was reported by Daily Political and is the sole property of of Daily Political. If you are accessing this article on another publication, it was illegally copied and reposted in violation of United States & international copyright & trademark laws. The original version of this article can be read at https://www.dailypolitical.com/2017/11/18/impac-mortgage-holdings-inc-imh-short-interest-update.html.

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.

Receive News & Ratings for IMPAC Mortgage Holdings Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for IMPAC Mortgage Holdings Inc and related companies with MarketBeat.com's FREE daily email newsletter.