Pennymac Mortgage Investment Trust (NYSE: PMT) is -4.62% lower on its value in year-to-date trading and has touched a low of $10.52 and a high of $15.89 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The PMT stock was last observed hovering at around $14.36 in the last trading session, with the day’s loss setting it -0.1%.
Currently trading at $14.26, the stock is 0.16% and 2.38% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.04 million and changing -0.70% at the moment leaves the stock 1.03% off its SMA200. PMT registered 17.08% gain for a year compared to 6-month gain of 4.16%. The firm has a 50-day simple moving average (SMA 50) of $13.9282 and a 200-day simple moving average (SMA200) of $14.11475.
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The stock witnessed a 3.33% loss in the last 1 month and extending the period to 3 months gives it a -0.56%, and is 0.64% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.32% over the week and 1.24% over the month.
Pennymac Mortgage Investment Trust (PMT) has around 7 employees, a market worth around $1.24B and $1.52B in sales. Current P/E ratio is 9.41 and Fwd P/E is 9.64. Profit margin for the company is 9.57%. Distance from 52-week low is 35.55% and -10.26% from its 52-week high. The company has generated returns on investments over the last 12 months (3.60%).
Pennymac Mortgage Investment Trust quarterly earnings per share for the current quarter are estimated at 0.34 with sales reaching $92.88M over the same period.The EPS is expected to shrink by -20.99% this year, but quarterly earnings will post -22.50% year-over-year. Quarterly sales are estimated to shrink -43.20% in year-over-year returns.
280.0 institutions hold shares in Pennymac Mortgage Investment Trust (PMT), with institutional investors hold 70.27% of the company’s shares. The shares outstanding are 86.62M, and float is at 85.76M with Short Float at 5.39%. Institutions hold 69.56% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 14.88 million shares valued at $204.64 million. The investor’s holdings represent 17.1679 of the PMT Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 9.65 million shares valued at $132.75 million to account for 11.1372 of the shares outstanding. The other top investors are T. ROWE PRICE INVESTMENT MANAGEMENT, INC. which holds 5.99 million shares representing 6.9116 and valued at over $82.39 million, while STATE STREET CORP holds 3.9195 of the shares totaling 3.4 million with a market value of $46.72 million.
Pennymac Mortgage Investment Trust (PMT) Insider Activity
The most recent transaction is an insider sale by Jones Doug, the company’s Director, President & CMBO. SEC filings show that Jones Doug sold 37,010 shares of the company’s common stock on Sep 03 ’24 at a price of $14.01 per share for a total of $0.52 million. Following the sale, the insider now owns 49114.0 shares.
Still, SEC filings show that on Sep 03 ’24, Jones Doug (Officer) Proposed Sale 14,011 shares at an average price of $14.01 for $0.2 million. The insider now directly holds shares of Pennymac Mortgage Investment Trust (PMT).
