Impac Mortgage Holdings Inc. (NYSEMKT:IMH) major shareholder Richard H/ Pickup purchased 25,000 shares of the firm’s stock in a transaction on Monday, November 14th. The stock was bought at an average price of $13.83 per share, for a total transaction of $345,750.00. Following the acquisition, the insider now owns 100,000 shares in the company, valued at $1,383,000. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

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

  • On Tuesday, November 15th, Richard H/ Pickup purchased 92,752 shares of Impac Mortgage Holdings stock. The stock was bought at an average price of $13.76 per share, for a total transaction of $1,276,267.52.
  • On Friday, November 11th, Richard H/ Pickup purchased 32,500 shares of Impac Mortgage Holdings stock. The stock was bought at an average price of $14.00 per share, for a total transaction of $455,000.00.
  • On Thursday, November 10th, Richard H/ Pickup purchased 52,500 shares of Impac Mortgage Holdings stock. The stock was bought at an average price of $14.13 per share, for a total transaction of $741,825.00.
  • On Wednesday, November 16th, Richard H/ Pickup purchased 235,000 shares of Impac Mortgage Holdings stock. The stock was bought at an average price of $13.88 per share, for a total transaction of $3,261,800.00.
  • On Tuesday, September 20th, Richard H/ Pickup purchased 37,214 shares of Impac Mortgage Holdings stock. The stock was bought at an average price of $13.23 per share, for a total transaction of $492,341.22.
  • On Friday, September 16th, Richard H/ Pickup purchased 300,000 shares of Impac Mortgage Holdings stock. The stock was bought at an average price of $13.00 per share, for a total transaction of $3,900,000.00.

Impac Mortgage Holdings Inc. (NYSEMKT:IMH) traded up 1.4179% during midday trading on Thursday, reaching $14.1478. 198,462 shares of the company traded hands. The stock has a market capitalization of $226.58 million, a price-to-earnings ratio of 4.5433 and a beta of 0.91. The firm has a 50 day moving average of $14.77 and a 200-day moving average of $15.34. Impac Mortgage Holdings Inc. has a 12 month low of $11.51 and a 12 month high of $20.38.

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

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

Impac Mortgage Holdings 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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