Pennymac Mortgage Investment Trust (NYSE: PMT) is 14.54% higher on its value in year-to-date trading and has touched a low of $11.77 and a high of $15.22 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The PMT stock was last observed hovering at around $14.53 in the last trading session, with the day’s loss setting it -0.11%.
Currently trading at $14.42, the stock is 5.34% and 9.86% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.19 million and changing -0.76% at the moment leaves the stock 5.50% off its SMA200. PMT registered 3.37% gain for a year compared to 6-month loss of 2.85%.
The stock witnessed a 11.78% gain in the last 1 month and extending the period to 3 months gives it a 8.10%, and is 4.57% 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 1.97% over the week and 1.75% over the month.
Pennymac Mortgage Investment Trust (PMT) has around 7 employees, a market worth around $1.25B and $1.36B in sales. Current P/E ratio is 10.83 and Fwd P/E is 9.07. Profit margin for the company is 8.76%. Distance from 52-week low is 22.57% and -5.26% from its 52-week high. The company has generated returns on investments over the last 12 months (2.59%).
The EPS is expected to grow by 11.74% this year
The shares outstanding are 86.86M, and float is at 85.81M with Short Float at 4.06%.
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 6.8988 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 purchase by Lynch Catherine A., the company’s Director. SEC filings show that Lynch Catherine A. bought 949 shares of the company’s common stock on Jan 24 ’25 at a price of $12.54 per share for a total of $11904.0. Following the purchase, the insider now owns 38581.0 shares.
Pennymac Mortgage Investment Trust disclosed in a document filed with the SEC on Oct 25 ’24 that Lynch Catherine A. (Director) bought a total of 838 shares of the company’s common stock. The trade occurred on Oct 25 ’24 and was made at $13.81 per share for $11572.0. Following the transaction, the insider now directly holds 37632.0 shares of the PMT stock.
Still, SEC filings show that on Sep 03 ’24, Jones Doug (Director, President & CMBO) disposed off 37,010 shares at an average price of $14.01 for $0.52 million. The insider now directly holds 49,114 shares of Pennymac Mortgage Investment Trust (PMT).
