IMPAC Mortgage Holdings, Inc (NYSEMKT:IMH) Stock Rating Lowered by BidaskClub

IMPAC Mortgage Holdings, Inc (NYSEMKT:IMH) was downgraded by research analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a note issued to investors on Monday, July 24th.

Other research analysts have also recently issued research reports about the stock. TheStreet upgraded shares of IMPAC Mortgage Holdings from a “d” rating to a “c-” rating in a report on Thursday, April 6th. ValuEngine cut shares of IMPAC Mortgage Holdings from a “buy” rating to a “hold” rating in a report on Saturday, June 24th.

Shares of IMPAC Mortgage Holdings (NYSEMKT:IMH) opened at 13.52 on Monday. IMPAC Mortgage Holdings has a 52 week low of $12.04 and a 52 week high of $17.45. The firm’s 50 day moving average is $14.90 and its 200-day moving average is $14.42. The firm has a market cap of $287.39 million, a price-to-earnings ratio of 5.16 and a beta of 0.91.

IMPAC Mortgage Holdings (NYSEMKT:IMH) last issued its quarterly earnings data on Tuesday, August 8th. The financial services provider reported ($0.01) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.96 by $0.97. IMPAC Mortgage Holdings had a return on equity of 7.94% and a net margin of 10.20%. The company had revenue of $39.63 million for the quarter. Equities research analysts predict that IMPAC Mortgage Holdings will post $3.00 EPS for the current year.

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Hedge funds and other institutional investors have recently made changes to their positions in the company. SG Americas Securities LLC acquired a new position in shares of IMPAC Mortgage Holdings during the second quarter valued at approximately $143,000. Rhumbline Advisers boosted its position in shares of IMPAC Mortgage Holdings by 9.0% in 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 last quarter. First Trust Advisors LP acquired a new position in shares of IMPAC Mortgage Holdings during the second quarter valued at approximately $183,000. Wells Fargo & Company MN boosted its position in shares of IMPAC Mortgage Holdings by 117.7% in the second quarter. Wells Fargo & Company MN now owns 17,621 shares of the financial services provider’s stock valued at $266,000 after buying an additional 9,527 shares during the last quarter. Finally, Teachers Advisors LLC boosted its position in shares of IMPAC Mortgage Holdings by 15.9% in the second quarter. Teachers Advisors LLC now owns 18,833 shares of the financial services provider’s stock valued at $285,000 after buying an additional 2,585 shares during the last quarter.

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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