IMPAC Mortgage Holdings, Inc (IMH) Major Shareholder Todd M. Pickup Acquires 7,240 Shares
IMPAC Mortgage Holdings, Inc (NYSEAMERICAN:IMH) major shareholder Todd M. Pickup acquired 7,240 shares of the stock in a transaction on Friday, November 29th. The shares were acquired at an average cost of $3.91 per share, for a total transaction of $28,308.40. Following the completion of the transaction, the insider now directly owns 100,000 shares in the company, valued at approximately $391,000. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Major shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.
Shares of IMPAC Mortgage stock opened at $3.90 on Monday. IMPAC Mortgage Holdings, Inc has a 1 year low of $2.93 and a 1 year high of $10.45.
Institutional investors have recently modified their holdings of the business. Beacon Pointe Wealth Advisors LLC purchased a new stake in shares of IMPAC Mortgage in the fourth quarter valued at about $286,000. BlackRock Inc. lifted its stake in shares of IMPAC Mortgage by 3.5% in the second quarter. BlackRock Inc. now owns 552,867 shares of the company’s stock valued at $5,269,000 after purchasing an additional 18,912 shares during the period. Finally, Rhumbline Advisers lifted its stake in shares of IMPAC Mortgage by 39.7% in the fourth quarter. Rhumbline Advisers now owns 14,041 shares of the company’s stock valued at $53,000 after purchasing an additional 3,990 shares during the period.
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Impac Mortgage Holdings, Inc operates as an independent residential mortgage lender in the United States. It operates through three segments: Mortgage Lending, Real Estate Services, and Long-Term Mortgage Portfolio. The Mortgage Lending segment primarily originates, sells, and services residential mortgage loans eligible for government securities issued through Ginnie Mae.
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