IMPAC Mortgage (IMH) to Release Quarterly Earnings on Wednesday
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.
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.
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