IMPAC Mortgage (NYSEAMERICAN:IMH) is scheduled to be posting its quarterly earnings results after the market closes on Wednesday, February 21st. Analysts expect IMPAC Mortgage to post earnings of $0.24 per share for the quarter.

Shares of IMPAC Mortgage (NYSEAMERICAN IMH) opened at $8.44 on Wednesday. IMPAC Mortgage has a fifty-two week low of $7.84 and a fifty-two week high of $17.40. The company has a market cap of $166.35, a P/E ratio of 5.12 and a beta of 0.24.

In other news, major shareholder Richard H/ Pickup purchased 35,000 shares of the business’s stock in a transaction dated Tuesday, December 26th. The shares were acquired at an average price of $10.00 per share, for a total transaction of $350,000.00. Following the completion of the acquisition, the insider now directly owns 120,000 shares of the company’s stock, valued at $1,200,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have bought 139,264 shares of company stock worth $1,404,169 in the last 90 days.

An institutional investor recently raised its position in IMPAC Mortgage stock. State Street Corp increased its position in shares of IMPAC Mortgage Holdings, Inc (NYSEAMERICAN:IMH) by 15.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 136,890 shares of the company’s stock after acquiring an additional 18,349 shares during the quarter. State Street Corp owned 0.66% of IMPAC Mortgage worth $2,071,000 as of its most recent SEC filing.

A number of analysts recently commented on the stock. BidaskClub downgraded shares of IMPAC Mortgage from a “sell” rating to a “strong sell” rating in a report on Thursday, November 2nd. TheStreet downgraded shares of IMPAC Mortgage from a “c-” rating to a “d” rating in a report on Monday, December 11th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $9.68.

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IMPAC Mortgage 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.

Earnings History for IMPAC Mortgage (NYSEAMERICAN:IMH)

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