The stock of IMPAC Mortgage Holdings, Inc (NYSEMKT:IMH) is a huge mover today! The stock decreased 7.20% or $1.19 on November 30, hitting $15.34. About 113,517 shares traded hands. IMPAC Mortgage Holdings, Inc (NYSEMKT:IMH) has risen 5.49% since April 27, 2016 and is uptrending. It has outperformed by 0.26% the S&P500.
The move comes after 7 months negative chart setup for the $256.55M company. It was reported on Nov, 30 by Barchart.com. We have $14.73 PT which if reached, will make NYSEMKT:IMH worth $10.26M less.
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.
Tiaa Cref Inv Ltd Limited Liability Company has 0% invested in the company for 23,149 shares. Bnp Paribas Arbitrage Sa has 310 shares for 0% of their US portfolio. The New York-based Salzhauer Michael has invested 1.38% in IMPAC Mortgage Holdings, Inc (NYSEMKT:IMH). Sg Americas Securities Limited Liability Corp last reported 0.01% of its portfolio in the stock. Morgan Stanley has invested 0% of its portfolio in IMPAC Mortgage Holdings, Inc (NYSEMKT:IMH). Deutsche Bancorporation Ag holds 0% or 5,279 shares in its portfolio. Bridgeway Cap Management Inc accumulated 238,400 shares or 0.06% of the stock. Geode Cap Mgmt Limited Liability accumulated 0% or 50,729 shares. Wells Fargo & Mn owns 5,976 shares or 0% of their US portfolio. The Illinois-based Northern Tru Corp has invested 0% in IMPAC Mortgage Holdings, Inc (NYSEMKT:IMH). State Bank Of America Corp De, a North Carolina-based fund reported 1,183 shares. Cornerstone Cap Management Hldgs Ltd Com owns 3,032 shares or 0% of their US portfolio. New York State Common Retirement Fund has 0% invested in the company for 7,900 shares. Amer has invested 0% of its portfolio in IMPAC Mortgage Holdings, Inc (NYSEMKT:IMH). Moreover, Qs Invsts Ltd Liability has 0% invested in IMPAC Mortgage Holdings, Inc (NYSEMKT:IMH) for 1,000 shares.
Insider Transactions: Since June 7, 2016, the stock had 9 insider purchases, and 0 sales for $12.24 million net activity. 50,000 shares were bought by Pickup Todd M, worth $694,348 on Monday, November 14. $492,468 worth of IMPAC Mortgage Holdings, Inc (NYSEMKT:IMH) shares were bought by PICKUP RICHARD H/.
More 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 the news titled: “Impac Mortgage Holdings, Inc. Announces Acquisition of CashCall’s Mortgage …” on January 08, 2015. Quotes.Wsj.com‘s news article titled: “News IMPAC Mortgage Holdings Inc.IMH” with publication date: February 11, 2011 was also an interesting one.
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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