Impac Mortgage Holdings Inc. (NYSEMKT:IMH) major shareholder Richard H/ Pickup bought 235,000 shares of the stock in a transaction on Wednesday, November 16th. The shares were acquired at an average cost of $13.88 per share, for a total transaction of $3,261,800.00. Following the purchase, the insider now owns 100,000 shares in the company, valued at $1,388,000. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Major shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

Richard H/ Pickup also recently made the following trade(s):

  • On Tuesday, November 15th, Richard H/ Pickup bought 92,752 shares of Impac Mortgage Holdings stock. The shares were acquired at an average cost of $13.76 per share, for a total transaction of $1,276,267.52.
  • On Monday, November 14th, Richard H/ Pickup bought 25,000 shares of Impac Mortgage Holdings stock. The shares were acquired at an average cost of $13.83 per share, for a total transaction of $345,750.00.
  • On Friday, November 11th, Richard H/ Pickup bought 32,500 shares of Impac Mortgage Holdings stock. The shares were acquired at an average cost of $14.00 per share, for a total transaction of $455,000.00.
  • On Thursday, November 10th, Richard H/ Pickup bought 52,500 shares of Impac Mortgage Holdings stock. The shares were acquired at an average cost of $14.13 per share, for a total transaction of $741,825.00.
  • On Tuesday, September 20th, Richard H/ Pickup bought 37,214 shares of Impac Mortgage Holdings stock. The shares were acquired at an average cost of $13.23 per share, for a total transaction of $492,341.22.
  • On Friday, September 16th, Richard H/ Pickup bought 300,000 shares of Impac Mortgage Holdings stock. The shares were acquired at an average cost of $13.00 per share, for a total transaction of $3,900,000.00.

Shares of Impac Mortgage Holdings Inc. (NYSEMKT:IMH) traded up 1.86% during midday trading on Thursday, hitting $14.21. The stock had a trading volume of 126,978 shares. The company has a market capitalization of $227.57 million, a PE ratio of 4.56 and a beta of 0.91. Impac Mortgage Holdings Inc. has a one year low of $11.51 and a one year high of $20.38. The firm’s 50-day moving average is $14.77 and its 200 day moving average is $15.34.

Insider Buying and Selling by Quarter for Impac Mortgage Holdings (NYSEMKT:IMH)

Separately, JMP Securities raised Impac Mortgage Holdings from a “market perform” rating to an “outperform” rating and set a $20.00 target price on the stock in a research note on Wednesday, October 5th.

About Impac Mortgage Holdings

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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