61,263 Shares in PennyMac Mortgage Investment Trust (NYSE:PMT) Purchased by Campbell & CO Investment Adviser LLC (2024)

Campbell & CO Investment Adviser LLC acquired a new stake in PennyMac Mortgage Investment Trust (NYSE:PMT – Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 61,263 shares of the real estate investment trust’s stock, valued at approximately $916,000. Campbell & CO Investment Adviser LLC owned about 0.07% of PennyMac Mortgage Investment Trust at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of PMT. Norges Bank acquired a new stake in shares of PennyMac Mortgage Investment Trust in the fourth quarter valued at approximately $9,781,000. International Assets Investment Management LLC increased its stake in shares of PennyMac Mortgage Investment Trust by 1,307.8% in the 4th quarter. International Assets Investment Management LLC now owns 325,910 shares of the real estate investment trust’s stock worth $4,872,000 after acquiring an additional 302,760 shares during the last quarter. Vaughan Nelson Investment Management L.P. raised its holdings in shares of PennyMac Mortgage Investment Trust by 23.2% during the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 1,507,911 shares of the real estate investment trust’s stock worth $18,698,000 after acquiring an additional 284,200 shares during the period. Advisors Preferred LLC acquired a new position in shares of PennyMac Mortgage Investment Trust during the 4th quarter valued at about $2,105,000. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of PennyMac Mortgage Investment Trust by 6.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,299,582 shares of the real estate investment trust’s stock valued at $16,115,000 after purchasing an additional 78,311 shares during the period. 67.38% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have weighed in on PMT. B. Riley boosted their target price on shares of PennyMac Mortgage Investment Trust from $15.00 to $16.00 and gave the company a “buy” rating in a report on Wednesday, February 7th. Piper Sandler reiterated a “neutral” rating and issued a $15.00 price objective (up from $14.50) on shares of PennyMac Mortgage Investment Trust in a research report on Thursday, May 9th. Wedbush reissued a “neutral” rating and set a $15.00 target price on shares of PennyMac Mortgage Investment Trust in a research note on Monday, April 29th. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $15.00 price target on shares of PennyMac Mortgage Investment Trust in a research note on Thursday, April 18th. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $14.92.

Get Our Latest Research Report on PMT

PennyMac Mortgage Investment Trust Trading Up 0.7 %

PMT opened at $13.84 on Thursday. PennyMac Mortgage Investment Trust has a 52 week low of $10.52 and a 52 week high of $15.89. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 1.37. The business has a fifty day simple moving average of $14.13 and a 200-day simple moving average of $14.32. The firm has a market cap of $1.20 billion, a P/E ratio of 9.23 and a beta of 1.50.

PennyMac Mortgage Investment Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, April 26th. Shareholders of record on Friday, April 12th were given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 11.56%. The ex-dividend date was Thursday, April 11th. PennyMac Mortgage Investment Trust’s dividend payout ratio is currently 106.67%.

Insider Buying and Selling at PennyMac Mortgage Investment Trust

In other news, Director Doug Jones sold 7,810 shares of the firm’s stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $14.34, for a total value of $111,995.40. Following the completion of the transaction, the director now owns 53,311 shares of the company’s stock, valued at $764,479.74. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.89% of the stock is currently owned by corporate insiders.

PennyMac Mortgage Investment Trust Profile

(Free Report)

PennyMac Mortgage Investment Trust, through its subsidiary, primarily invests in mortgage-related assets in the United States. The company operates through: Credit Sensitive Strategies, Interest Rate Sensitive Strategies, Correspondent Production segments. Its Credit Sensitive Strategies segment invests in credit risk transfer (CRT) agreements, CRT securities, subordinate mortgage-backed securities (MBS), distressed loans, and real estate.

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