Ranger Global Real Estate Advisors LLC lessened its stake in shares of PennyMac Mortgage Investment Trust (NYSE:PMT) by 19.9% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 113,302 shares of the real estate investment trust’s stock after selling 28,181 shares during the quarter. Ranger Global Real Estate Advisors LLC’s holdings in PennyMac Mortgage Investment Trust were worth $2,043,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. GSA Capital Partners LLP purchased a new position in shares of PennyMac Mortgage Investment Trust during the first quarter worth about $192,000. Profund Advisors LLC bought a new position in shares of PennyMac Mortgage Investment Trust during the first quarter valued at approximately $201,000. Envestnet Asset Management Inc. raised its holdings in shares of PennyMac Mortgage Investment Trust by 55.2% during the first quarter. Envestnet Asset Management Inc. now owns 13,644 shares of the real estate investment trust’s stock valued at $246,000 after acquiring an additional 4,850 shares in the last quarter. Old Mutual Global Investors UK Ltd. bought a new position in shares of PennyMac Mortgage Investment Trust during the first quarter valued at approximately $301,000. Finally, Cambridge Investment Research Advisors Inc. bought a new position in shares of PennyMac Mortgage Investment Trust during the fourth quarter valued at approximately $288,000. 70.73% of the stock is owned by institutional investors.

Shares of PMT opened at $18.80 on Thursday. The company has a market cap of $1.15 billion, a P/E ratio of 14.46 and a beta of 0.44. PennyMac Mortgage Investment Trust has a 12-month low of $14.87 and a 12-month high of $18.90. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.57 and a current ratio of 0.57.

PennyMac Mortgage Investment Trust (NYSE:PMT) last released its quarterly earnings results on Thursday, May 3rd. The real estate investment trust reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.05. The business had revenue of $75.67 million during the quarter, compared to analysts’ expectations of $80.20 million. PennyMac Mortgage Investment Trust had a return on equity of 7.28% and a net margin of 33.00%. During the same quarter last year, the business posted $0.47 EPS. equities analysts expect that PennyMac Mortgage Investment Trust will post 1.66 EPS for the current year.

A number of equities analysts have issued reports on PMT shares. Zacks Investment Research downgraded PennyMac Mortgage Investment Trust from a “hold” rating to a “sell” rating in a report on Wednesday, February 7th. ValuEngine cut PennyMac Mortgage Investment Trust from a “buy” rating to a “hold” rating in a research report on Wednesday, May 2nd.

In other news, insider Doug Jones sold 3,725 shares of the business’s stock in a transaction on Tuesday, June 5th. The stock was sold at an average price of $18.67, for a total value of $69,545.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider David M. Walker sold 1,538 shares of the business’s stock in a transaction on Wednesday, April 25th. The stock was sold at an average price of $17.41, for a total value of $26,776.58. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 16,872 shares of company stock valued at $312,080. 2.46% of the stock is owned by company insiders.

About PennyMac Mortgage Investment Trust

PennyMac Mortgage Investment Trust, a specialty finance company, invests primarily in residential mortgage loans and mortgage-related assets in the United States. The company's Correspondent Production segment engages in purchasing, pooling, and reselling newly originated prime credit mortgage loans directly or in the form of mortgage-backed securities (MBS).

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Institutional Ownership by Quarter for PennyMac Mortgage Investment Trust (NYSE:PMT)

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