IMPAC Mortgage Holdings, Inc (NYSEMKT:IMH) was upgraded by investment analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a research report issued to clients and investors on Thursday.

Other analysts have also issued research reports about the company. ValuEngine lowered IMPAC Mortgage Holdings from a “buy” rating to a “hold” rating in a research note on Saturday, June 24th. JMP Securities dropped their price target on IMPAC Mortgage Holdings from $20.00 to $18.00 and set an “outperform” rating for the company in a research note on Friday, August 25th.

Shares of IMPAC Mortgage Holdings (NYSEMKT IMH) opened at 13.50 on Thursday. The company has a market cap of $282.08 million, a price-to-earnings ratio of 5.15 and a beta of 0.91. The stock has a 50 day moving average of $13.51 and a 200 day moving average of $14.27. IMPAC Mortgage Holdings has a 1-year low of $12.04 and a 1-year high of $17.40.

IMPAC Mortgage Holdings (NYSEMKT:IMH) last released its quarterly earnings data on Tuesday, August 8th. The financial services provider reported ($0.01) earnings per share 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 net margin of 16.25% and a return on equity of 9.53%. Analysts predict that IMPAC Mortgage Holdings will post $1.00 EPS for the current year.

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A number of institutional investors have recently made changes to their positions in IMH. Municipal Employees Retirement System of Michigan lifted its position in IMPAC Mortgage Holdings by 194.2% during the second quarter. Municipal Employees Retirement System of Michigan now owns 110,840 shares of the financial services provider’s stock valued at $1,677,000 after buying an additional 73,160 shares during the period. First Trust Advisors LP purchased a new position in IMPAC Mortgage Holdings during the second quarter valued at $183,000. Rhumbline Advisers lifted its position in IMPAC Mortgage Holdings by 9.0% during the second quarter. Rhumbline Advisers now owns 11,918 shares of the financial services provider’s stock valued at $180,000 after buying an additional 980 shares during the period. SG Americas Securities LLC purchased a new position in IMPAC Mortgage Holdings during the second quarter valued at $143,000. Finally, Bank of New York Mellon Corp lifted its position in IMPAC Mortgage Holdings by 2.1% during the second quarter. Bank of New York Mellon Corp now owns 78,933 shares of the financial services provider’s stock valued at $1,194,000 after buying an additional 1,598 shares during the period.

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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