Impac Mortgage Holdings Inc. (NYSEMKT:IMH) was upgraded by investment analysts at JMP Securities from a “market perform” rating to an “outperform” rating in a report released on Wednesday, The Fly reports.
Shares of Impac Mortgage Holdings (NYSEMKT:IMH) opened at 13.23 on Wednesday. The company has a 50 day moving average of $15.15 and a 200-day moving average of $15.20. The company has a market cap of $165.79 million, a PE ratio of 3.90 and a beta of 0.91. Impac Mortgage Holdings has a 52-week low of $11.51 and a 52-week high of $24.22.
Impac Mortgage Holdings (NYSEMKT:IMH) last announced its quarterly earnings data on Friday, July 29th. The company reported $0.92 earnings per share (EPS) for the quarter. Analysts forecast that Impac Mortgage Holdings will post $4.35 EPS for the current fiscal year.
In related news, major shareholder Richard H/ Pickup bought 12,786 shares of the business’s stock in a transaction on Wednesday, August 17th. The shares were purchased at an average price of $15.74 per share, for a total transaction of $201,251.64. Following the completion of the transaction, the insider now directly owns 100,000 shares of the company’s stock, valued at approximately $1,574,000. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website.
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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