Aigen Investment Management LP Increases Stock Position in PennyMac Mortgage Investment Trust (NYSE:PMT)

Aigen Investment Management LP increased its holdings in shares of PennyMac Mortgage Investment Trust (NYSE:PMT) by 44.0% in the fourth quarter, Holdings Channel reports. The firm owned 42,021 shares of the real estate investment trust’s stock after buying an additional 12,835 shares during the quarter. Aigen Investment Management LP’s holdings in PennyMac Mortgage Investment Trust were worth $628,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. National Bank of Canada FI raised its holdings in PennyMac Mortgage Investment Trust by 94.9% during the fourth quarter. National Bank of Canada FI now owns 3,292 shares of the real estate investment trust’s stock worth $49,000 after purchasing an additional 1,603 shares in the last quarter. Allspring Global Investments Holdings LLC increased its position in shares of PennyMac Mortgage Investment Trust by 16.5% in the third quarter. Allspring Global Investments Holdings LLC now owns 7,858 shares of the real estate investment trust’s stock worth $97,000 after acquiring an additional 1,115 shares in the last quarter. Essex Financial Services Inc. acquired a new stake in shares of PennyMac Mortgage Investment Trust in the fourth quarter valued at about $150,000. Sherbrooke Park Advisers LLC purchased a new stake in shares of PennyMac Mortgage Investment Trust during the third quarter valued at approximately $157,000. Finally, Kestra Private Wealth Services LLC acquired a new stake in shares of PennyMac Mortgage Investment Trust during the fourth quarter valued at about $183,000. 67.38% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

PMT has been the topic of several recent analyst reports. Wedbush reaffirmed a “neutral” rating and issued a $15.00 price target on shares of PennyMac Mortgage Investment Trust in a report on Monday, April 29th. JMP Securities reiterated a “market outperform” rating and issued a $15.00 price target on shares of PennyMac Mortgage Investment Trust in a research note on Thursday, April 18th. B. Riley upped their price objective on PennyMac Mortgage Investment Trust from $15.00 to $16.00 and gave the company a “buy” rating in a research note on Wednesday, February 7th. Finally, Piper Sandler reiterated a “neutral” rating and issued a $15.00 target price (up previously from $14.50) on shares of PennyMac Mortgage Investment Trust in a research report on Thursday, May 9th. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $14.92.

Insiders Place Their Bets

In related news, Director Doug Jones sold 7,810 shares of the firm’s stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $14.34, for a total transaction of $111,995.40. Following the transaction, the director now owns 53,311 shares in the company, valued at $764,479.74. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.89% of the stock is owned by insiders.

PennyMac Mortgage Investment Trust Price Performance

Shares of NYSE PMT opened at $13.76 on Thursday. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.34 and a quick ratio of 0.34. PennyMac Mortgage Investment Trust has a 1-year low of $10.52 and a 1-year high of $15.89. The business’s fifty day moving average price is $14.27 and its two-hundred day moving average price is $14.32. The firm has a market capitalization of $1.20 billion, a PE ratio of 9.20 and a beta of 1.47.

PennyMac Mortgage Investment Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, April 26th. Stockholders of record on Friday, April 12th were paid a $0.40 dividend. The ex-dividend date of this dividend was Thursday, April 11th. This represents a $1.60 annualized dividend and a dividend yield of 11.63%. PennyMac Mortgage Investment Trust’s payout ratio is 106.67%.

About PennyMac Mortgage Investment Trust

PennyMac Mortgage Investment Trust, through its subsidiary, primarily invests in mortgage-related assets in the United States. The company operates through: Credit Sensitive Strategies, Interest Rate Sensitive Strategies, Correspondent Production segments. Its Credit Sensitive Strategies segment invests in credit risk transfer (CRT) agreements, CRT securities, subordinate mortgage-backed securities (MBS), distressed loans, and real estate.