Insider Buying: Claros Mortgage Trust, Inc. (NYSE:CMTG) CEO Purchases $366,850.00 in Stock

Claros Mortgage Trust, Inc. (NYSE:CMTG) CEO Richard Mack acquired 115,000 shares of the company’s stock in a transaction that occurred on Monday, March 10th. The stock was purchased at an average price of $3.19 per share, for a total transaction of $366,850.00. Following the acquisition, the chief executive officer now directly owns 2,564,981 shares of the company’s stock, valued at $8,182,289.39. The trade was a 4.69 % increase in their position. The purchase was disclosed in a filing with the SEC, which is available through the SEC website.

Richard Mack also recently made the following trade(s):

• On Wednesday, March 12th, Richard Mack purchased 25,000 shares of Claros Mortgage Trust stock. The shares were acquired at an average price of $3.38 per share, for a total transaction of $84,500.00.

Claros Mortgage Trust Stock Performance

Shares of CMTG opened at $4.00 on Friday. The company has a market capitalization of $556.76 million, a PE ratio of -2.51 and a beta of 1.62. The company has a debt-to-equity ratio of 2.08, a current ratio of 25.67 and a quick ratio of 20.68. Claros Mortgage Trust, Inc. has a one year low of $2.13 and a one year high of $10.05. The company’s fifty day moving average price is $3.28 and its 200 day moving average price is $5.45.

Claros Mortgage Trust (NYSE:CMTG) last posted its quarterly earnings data on Wednesday, February 19th. The company reported $0.15 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.03. The business had revenue of $60.23 million during the quarter, compared to analysts’ expectations of $58.07 million. Claros Mortgage Trust had a positive return on equity of 4.72% and a negative net margin of 89.07%. As a group, analysts expect that Claros Mortgage Trust, Inc. will post 0.27 earnings per share for the current year.

Institutional Investors Weigh In On Claros Mortgage Trust

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Atria Investments Inc grew its position in Claros Mortgage Trust by 29.2% in the 3rd quarter. Atria Investments Inc now owns 25,743 shares of the company’s stock worth $193,000 after purchasing an additional 5,823 shares during the last quarter. GSA Capital Partners LLP bought a new stake in shares of Claros Mortgage Trust in the third quarter valued at about $101,000. Quest Partners LLC grew its position in Claros Mortgage Trust by 5,222.4% during the third quarter. Quest Partners LLC now owns 41,515 shares of the company’s stock worth $311,000 after buying an additional 40,735 shares in the last quarter. Intech Investment Management LLC bought a new position in Claros Mortgage Trust during the third quarter valued at about $114,000. Finally, Charles Schwab Investment Management Inc. raised its holdings in Claros Mortgage Trust by 15.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,402,648 shares of the company’s stock valued at $10,506,000 after acquiring an additional 188,950 shares in the last quarter. Institutional investors and hedge funds own 89.53% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. UBS Group reduced their price objective on shares of Claros Mortgage Trust from $6.00 to $5.25 and set a “buy” rating for the company in a research note on Tuesday, February 25th. Keefe, Bruyette & Woods reduced their price target on Claros Mortgage Trust from $4.00 to $2.50 and set an “underperform” rating for the company in a research report on Thursday, February 27th. Finally, Wells Fargo & Company lowered their price objective on Claros Mortgage Trust from $8.00 to $3.00 and set an “underweight” rating on the stock in a report on Tuesday, February 25th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $4.31.

Claros Mortgage Trust Company Profile

Claros Mortgage Trust, Inc operates as a real estate investment trust. It focuses on originating senior and subordinate loans on transitional commercial real estate assets in the United States. The company has elected to be taxed as a real estate investment trust. As a result, it would not be subject to corporate income tax on that portion of its net income that is distributed to shareholders.