Impac Mortgage Holdings Inc. (NYSEMKT:IMH) major shareholder Richard H/ Pickup bought 92,752 shares of the stock in a transaction dated Tuesday, November 15th. The shares were acquired at an average price of $13.76 per share, with a total value of $1,276,267.52. Following the completion of the purchase, the insider now directly owns 100,000 shares of the company’s stock, valued at $1,376,000. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

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

  • On Monday, November 14th, Richard H/ Pickup bought 25,000 shares of Impac Mortgage Holdings stock. The shares were acquired at an average price of $13.83 per share, with a total value 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 price of $14.00 per share, with a total value 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 price of $14.13 per share, with a total value of $741,825.00.
  • On Wednesday, November 16th, Richard H/ Pickup bought 235,000 shares of Impac Mortgage Holdings stock. The shares were acquired at an average price of $13.88 per share, with a total value of $3,261,800.00.
  • On Tuesday, September 20th, Richard H/ Pickup bought 37,214 shares of Impac Mortgage Holdings stock. The shares were acquired at an average price of $13.23 per share, with a total value 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 price of $13.00 per share, with a total value of $3,900,000.00.

Impac Mortgage Holdings Inc. (NYSEMKT:IMH) traded up 2.72% during trading on Thursday, reaching $14.33. The company had a trading volume of 160,578 shares. Impac Mortgage Holdings Inc. has a 12-month low of $11.51 and a 12-month high of $20.38. The stock has a market cap of $229.49 million, a P/E ratio of 4.60 and a beta of 0.91. The firm has a 50-day moving average price of $14.77 and a 200 day moving average price of $15.34.

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

Separately, JMP Securities upgraded Impac Mortgage Holdings from a “market perform” rating to an “outperform” rating and set a $20.00 price target for the company in a research note 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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