Stock of the Day: What’s in IMPAC Mortgage Holdings, Inc After Today’s Big Increase?

Stock of the Day: What's in IMPAC Mortgage Holdings, Inc After Today's Big Increase?

The stock of IMPAC Mortgage Holdings, Inc (NYSEMKT:IMH) is a huge mover today! The stock increased 4.42% or $0.7 during the last trading session, hitting $16.53. About 140,920 shares traded hands or 22.32% up from the average. IMPAC Mortgage Holdings, Inc (NYSEMKT:IMH) has risen 2.99% since April 26, 2016 and is uptrending. It has underperformed by 2.27% the S&P500.
The move comes after 8 months positive chart setup for the $280.70 million company. It was reported on Nov, 29 by Barchart.com. We have $17.69 PT which if reached, will make NYSEMKT:IMH worth $19.65 million more.

Analysts await IMPAC Mortgage Holdings, Inc (NYSEMKT:IMH) to report earnings on February, 16.

According to Zacks Investment Research, “Impac Mortgage Holdings, Inc. is a mortgage real estate investment trust, which, together with its subsidiaries and related companies, primarily operates three businesses: (1) the Long-Term Investment Operations, (2) the Mortgage Operations, and (3) the Warehouse Lending Operations.”

Insitutional Activity: The institutional sentiment increased to 1.94 in Q2 2016. Its up 1.44, from 0.5 in 2016Q1. The ratio improved, as 5 funds sold all IMPAC Mortgage Holdings, Inc shares owned while 19 reduced positions. 3 funds bought stakes while 9 increased positions. They now own 1.61 million shares or 8.86% less from 1.77 million shares in 2016Q1.
State Street last reported 94,721 shares in the company. Schwab Charles Mgmt holds 0% of its portfolio in IMPAC Mortgage Holdings, Inc (NYSEMKT:IMH) for 12,642 shares. Cornerstone Capital Mngmt Hldg Ltd Co owns 3,032 shares or 0% of their US portfolio. Vanguard Grp Incorporated holds 0% of its portfolio in IMPAC Mortgage Holdings, Inc (NYSEMKT:IMH) for 217,747 shares. Deutsche Savings Bank Ag, a Germany-based fund reported 5,279 shares. Northern Tru Corporation, a Illinois-based fund reported 79,769 shares. Aqr Capital Mngmt Ltd Limited Liability Company has 0% invested in the company for 16,597 shares. Tower Rech Cap Ltd Liability Corp (Trc) holds 0% or 169 shares in its portfolio. Blackrock Llc has invested 0% of its portfolio in IMPAC Mortgage Holdings, Inc (NYSEMKT:IMH). Blackrock Institutional Tru Na accumulated 118,219 shares or 0% of the stock. Zweig accumulated 27,930 shares or 0.04% of the stock. Barclays Public Lc holds 20 shares or 0% of its portfolio. Credit Suisse Ag holds 0% of its portfolio in IMPAC Mortgage Holdings, Inc (NYSEMKT:IMH) for 11,314 shares. Tudor Inv Corporation Et Al has invested 0.01% of its portfolio in IMPAC Mortgage Holdings, Inc (NYSEMKT:IMH). Bridgeway holds 0.06% or 238,400 shares in its portfolio.

Insider Transactions: Since June 7, 2016, the stock had 9 buys, and 0 insider sales for $12.24 million net activity. PICKUP RICHARD H/ also bought $3.90M worth of IMPAC Mortgage Holdings, Inc (NYSEMKT:IMH) on Friday, September 16. Pickup Todd M also bought $2.60 million worth of IMPAC Mortgage Holdings, Inc (NYSEMKT:IMH) on Friday, September 16.

More important recent IMPAC Mortgage Holdings, Inc (NYSEMKT:IMH) news were published by: Prnewswire.com which released: “Impac Mortgage Holdings, Inc. Announces Year End 2015 Results” on February 18, 2016, also Businesswire.com published article titled: “Impac Mortgage Holdings, Inc. Announces Acquisition of CashCall’s Mortgage …”, Quotes.Wsj.com published: “News IMPAC Mortgage Holdings Inc.IMH” on February 11, 2011. More interesting news about IMPAC Mortgage Holdings, Inc (NYSEMKT:IMH) was released by: Latimes.com and their article: “Impac Mortgage rolls out loans with easier qualifying terms” with publication date: August 02, 2014.

IMH Company Profile

Impac Mortgage Holdings, Inc., incorporated on August 28, 1995, is an independent residential mortgage lender. The Firm operates through three divisions: Mortgage Lending, Real Estate Services and Long-Term Mortgage Portfolio. The Company’s Corporate segment includes all corporate services groups, including information technology, human resources, legal, facilities, accounting, treasury and corporate administration. It originates, sells and services residential mortgage loans. It originates conventional mortgage loans eligible for sale to the United States Government-sponsored enterprises (GSEs), including Fannie Mae, Freddie Mac (conventional loans) and government-insured mortgage loans eligible for government securities issued through Ginnie Mae (government loans). It operates as a residential mortgage lender and is focused on its mortgage lending platform providing conventional and government-insured mortgage loans.

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