IMPAC Mortgage Holdings, Inc (IMH) Holdings Trimmed by Chicago Equity Partners LLC
Chicago Equity Partners LLC lowered its stake in shares of IMPAC Mortgage Holdings, Inc (NYSEAMERICAN:IMH) by 38.1% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,798 shares of the company’s stock after selling 9,102 shares during the period. Chicago Equity Partners LLC owned approximately 0.07% of IMPAC Mortgage Holdings worth $193,000 at the end of the most recent reporting period.
A number of other large investors also recently bought and sold shares of IMH. SG Americas Securities LLC purchased a new position in shares of IMPAC Mortgage Holdings in the 2nd quarter valued at $143,000. Rhumbline Advisers raised its stake in shares of IMPAC Mortgage Holdings by 9.0% in the 2nd quarter. Rhumbline Advisers now owns 11,918 shares of the company’s stock valued at $180,000 after acquiring an additional 980 shares during the period. First Trust Advisors LP purchased a new position in shares of IMPAC Mortgage Holdings in the 2nd quarter valued at $183,000. Wells Fargo & Company MN raised its stake in shares of IMPAC Mortgage Holdings by 117.7% in the 2nd quarter. Wells Fargo & Company MN now owns 17,621 shares of the company’s stock valued at $266,000 after acquiring an additional 9,527 shares during the period. Finally, Teachers Advisors LLC raised its stake in shares of IMPAC Mortgage Holdings by 15.9% in the 2nd quarter. Teachers Advisors LLC now owns 18,833 shares of the company’s stock valued at $285,000 after acquiring an additional 2,585 shares during the period.
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In related news, major shareholder Richard H/ Pickup acquired 494,004 shares of the firm’s stock in a transaction on Monday, October 16th. The stock was bought at an average cost of $12.25 per share, with a total value of $6,051,549.00. The acquisition was disclosed in a document filed with the SEC, which is available through this link.
A number of brokerages have recently commented on IMH. BidaskClub raised shares of IMPAC Mortgage Holdings from a “strong sell” rating to a “sell” rating in a research note on Wednesday, August 9th. JMP Securities lowered their price target on shares of IMPAC Mortgage Holdings from $20.00 to $18.00 and set an “outperform” rating for the company in a report on Friday, August 25th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $9.68.
Shares of IMPAC Mortgage Holdings, Inc (IMH) opened at $11.73 on Monday. IMPAC Mortgage Holdings, Inc has a fifty-two week low of $10.67 and a fifty-two week high of $17.40.
IMPAC Mortgage Holdings (NYSEAMERICAN:IMH) last released its quarterly earnings results on Wednesday, November 8th. The company reported $0.01 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.08 by ($0.07). The firm had revenue of $42.08 million for the quarter. IMPAC Mortgage Holdings had a net margin of 16.25% and a return on equity of 9.53%.
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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