IMPAC Mortgage Holdings, Inc (IMH) Short Interest Update
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.
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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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