GSA Capital Partners LLP Purchases 33,605 Shares of PennyMac Mortgage Investment Trust (NYSE:PMT)

GSA Capital Partners LLP raised its holdings in shares of PennyMac Mortgage Investment Trust (NYSE:PMT) by 76.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 77,407 shares of the real estate investment trust’s stock after purchasing an additional 33,605 shares during the quarter. GSA Capital Partners LLP owned 0.09% of PennyMac Mortgage Investment Trust worth $1,136,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Roble Belko & Company Inc bought a new stake in shares of PennyMac Mortgage Investment Trust in the 1st quarter valued at approximately $29,000. National Bank of Canada FI raised its holdings in PennyMac Mortgage Investment Trust by 94.9% during the 4th quarter. National Bank of Canada FI now owns 3,292 shares of the real estate investment trust’s stock valued at $49,000 after buying an additional 1,603 shares during the period. Essex Financial Services Inc. purchased a new position in PennyMac Mortgage Investment Trust during the fourth quarter worth $150,000. Kestra Private Wealth Services LLC bought a new position in PennyMac Mortgage Investment Trust during the fourth quarter valued at $183,000. Finally, Atria Wealth Solutions Inc. bought a new position in PennyMac Mortgage Investment Trust during the fourth quarter valued at $204,000. Hedge funds and other institutional investors own 67.38% of the company’s stock.

PennyMac Mortgage Investment Trust Stock Up 3.3 %

Shares of PMT stock traded up $0.46 during mid-day trading on Wednesday, hitting $14.28. The stock had a trading volume of 611,743 shares, compared to its average volume of 694,580. PennyMac Mortgage Investment Trust has a 12-month low of $10.52 and a 12-month high of $15.89. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.34 and a quick ratio of 0.34. The firm’s 50-day moving average is $14.01 and its two-hundred day moving average is $14.18. The firm has a market capitalization of $1.24 billion, a P/E ratio of 9.21 and a beta of 1.51.

PennyMac Mortgage Investment Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 26th. Investors of record on Friday, July 12th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 11.20%. The ex-dividend date of this dividend is Friday, July 12th. PennyMac Mortgage Investment Trust’s dividend payout ratio (DPR) is presently 106.67%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on PMT shares. Piper Sandler reaffirmed a “neutral” rating and set a $15.00 price target (up from $14.50) on shares of PennyMac Mortgage Investment Trust in a research note on Thursday, May 9th. Wedbush reaffirmed a “neutral” rating and set a $15.00 target price on shares of PennyMac Mortgage Investment Trust in a research note on Monday, April 29th. JMP Securities reissued a “market outperform” rating and set a $15.00 price target on shares of PennyMac Mortgage Investment Trust in a research note on Thursday, April 18th. Finally, Keefe, Bruyette & Woods raised PennyMac Mortgage Investment Trust from a “market perform” rating to an “outperform” rating and upped their price objective for the company from $15.00 to $15.50 in a research report on Wednesday. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $15.00.

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.