Claros Mortgage Trust (NYSE:CMTG) CEO Richard Mack Buys 200,000 Shares

Claros Mortgage Trust, Inc. (NYSE:CMTG) CEO Richard Mack purchased 200,000 shares of the stock in a transaction dated Thursday, September 3rd. The shares were acquired at an average price of $1.59 per share, with a total value of $318,000.00. Following the transaction, the chief executive officer owned 3,090,308 shares in the company, valued at $4,913,589.72. This trade represents a 6.92% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Richard Mack also recently made the following trade(s):

• On Friday, September 4th, Richard Mack purchased 20,603 shares of Claros Mortgage Trust stock. The shares were acquired at an average cost of $1.59 per share, with a total value of $32,758.77.

Claros Mortgage Trust Trading Down 4.6%

NYSE CMTG traded down $0.07 during trading hours on Tuesday, hitting $1.54. The company’s stock had a trading volume of 263,335 shares, compared to its average volume of 577,886. Claros Mortgage Trust, Inc. has a twelve month low of $1.44 and a twelve month high of $3.99. The firm has a market capitalization of $217.97 million, a P/E ratio of -0.40 and a beta of 1.14. The company has a quick ratio of 21.44, a current ratio of 21.44 and a debt-to-equity ratio of 1.81. The stock has a fifty day moving average of $1.96 and a 200 day moving average of $2.26.

Claros Mortgage Trust (NYSE:CMTG) last released its earnings results on Wednesday, July 29th. The company reported ($0.63) EPS for the quarter, missing analysts’ consensus estimates of ($0.25) by ($0.38). The business had revenue of $30.00 million for the quarter, compared to analyst estimates of $33.55 million. Claros Mortgage Trust had a negative return on equity of 19.70% and a negative net margin of 354.13%. Equities research analysts forecast that Claros Mortgage Trust, Inc. will post -2.67 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CMTG. AQR Capital Management LLC bought a new stake in shares of Claros Mortgage Trust in the first quarter worth about $78,000. Jane Street Group LLC increased its stake in Claros Mortgage Trust by 620.9% during the 1st quarter. Jane Street Group LLC now owns 185,147 shares of the company’s stock worth $691,000 after purchasing an additional 159,465 shares in the last quarter. Acadian Asset Management LLC acquired a new stake in Claros Mortgage Trust during the 1st quarter worth approximately $126,000. Strs Ohio acquired a new stake in Claros Mortgage Trust during the 1st quarter worth approximately $61,000. Finally, Rhumbline Advisers lifted its stake in Claros Mortgage Trust by 5.6% in the second quarter. Rhumbline Advisers now owns 138,276 shares of the company’s stock valued at $394,000 after buying an additional 7,301 shares in the last quarter. 89.53% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms recently commented on CMTG. Keefe, Bruyette & Woods dropped their price objective on Claros Mortgage Trust from $2.50 to $2.15 and set an “underperform” rating for the company in a report on Tuesday, August 4th. UBS Group initiated coverage on Claros Mortgage Trust in a research report on Thursday, July 16th. They set a “neutral” rating and a $2.75 target price for the company. Wall Street Zen cut Claros Mortgage Trust from a “hold” rating to a “strong sell” rating in a research note on Saturday, August 1st. Wells Fargo & Company cut their price target on shares of Claros Mortgage Trust from $2.50 to $1.75 and set an “underweight” rating on the stock in a research report on Wednesday, August 5th. Finally, Weiss Ratings cut shares of Claros Mortgage Trust from a “sell (d-)” rating to a “sell (e+)” rating in a report on Monday, August 3rd. One investment analyst has rated the stock with a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, Claros Mortgage Trust has an average rating of “Strong Sell” and an average target price of $2.22.

Claros Mortgage Trust Company Profile

Claros Mortgage Trust is a specialty finance company structured as a real estate investment trust that acquires and manages a portfolio of newly originated, conventional residential mortgage loans guaranteed or insured by U.S. government?sponsored enterprises. The company concentrates on Agency collateral, including loans backed by Ginnie Mae, Fannie Mae and Freddie Mac, aiming to generate current income while preserving capital through high?quality, credit?enhanced assets.

Under an external management agreement with Claros Mortgage Capital Advisors LLC, the firm leverages a seasoned team to source, underwrite and service mortgage assets.