IMPAC Mortgage Holdings, Inc (NYSEMKT:IMH) had its price target reduced by JMP Securities from $20.00 to $18.00 in a research report released on Friday. JMP Securities currently has an outperform rating on the financial services provider’s stock.

A number of other analysts have also recently commented on the stock. BidaskClub cut shares of IMPAC Mortgage Holdings from a sell rating to a strong sell rating in a research note on Monday, July 24th. ValuEngine cut shares of IMPAC Mortgage Holdings from a buy rating to a hold rating in a research note on Saturday, June 24th.

Shares of IMPAC Mortgage Holdings (NYSEMKT IMH) opened at 13.51 on Friday. The firm’s 50-day moving average price is $14.42 and its 200-day moving average price is $14.39. IMPAC Mortgage Holdings has a 52-week low of $12.04 and a 52-week high of $17.45. The stock has a market cap of $282.29 million, a P/E ratio of 5.16 and a beta of 0.91.

IMPAC Mortgage Holdings (NYSEMKT:IMH) last released its earnings results on Tuesday, August 8th. The financial services provider reported ($0.01) EPS for the quarter, missing analysts’ consensus estimates of $0.96 by $0.97. The company had revenue of $39.63 million for the quarter. IMPAC Mortgage Holdings had a return on equity of 9.53% and a net margin of 16.25%. Equities analysts predict that IMPAC Mortgage Holdings will post $3.00 EPS for the current year.

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Institutional investors have recently bought and sold shares of the company. SG Americas Securities LLC acquired a new position in IMPAC Mortgage Holdings during the second quarter worth $143,000. Rhumbline Advisers raised its position in IMPAC Mortgage Holdings by 9.0% in the second quarter. Rhumbline Advisers now owns 11,918 shares of the financial services provider’s stock worth $180,000 after buying an additional 980 shares during the last quarter. First Trust Advisors LP acquired a new position in IMPAC Mortgage Holdings during the second quarter worth $183,000. Wells Fargo & Company MN raised its position in IMPAC Mortgage Holdings by 117.7% in the second quarter. Wells Fargo & Company MN now owns 17,621 shares of the financial services provider’s stock worth $266,000 after buying an additional 9,527 shares during the last quarter. Finally, Teachers Advisors LLC raised its position in IMPAC Mortgage Holdings by 15.9% in the second quarter. Teachers Advisors LLC now owns 18,833 shares of the financial services provider’s stock worth $285,000 after buying an additional 2,585 shares during the last quarter.

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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