IMPAC Mortgage Holdings, Inc (IMH) Releases Quarterly Earnings Results, Misses Expectations By $0.97 EPS

IMPAC Mortgage Holdings, Inc (NYSEMKT:IMH) posted its quarterly earnings results on Tuesday, August 8th. The financial services provider reported ($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.96 by $0.97, Bloomberg Earnings reports. IMPAC Mortgage Holdings had a return on equity of 9.53% and a net margin of 16.25%. The firm had revenue of $39.63 million for the quarter.

Shares of IMPAC Mortgage Holdings (NYSEMKT IMH) traded up 0.67% on Friday, hitting $13.62. The stock had a trading volume of 41,214 shares. The company has a market cap of $284.59 million, a price-to-earnings ratio of 5.20 and a beta of 0.91. The stock has a 50 day moving average price of $14.67 and a 200-day moving average price of $14.41. IMPAC Mortgage Holdings has a 12-month low of $12.04 and a 12-month high of $17.45.

Hedge funds and other institutional investors have recently modified their holdings of the company. SG Americas Securities LLC bought a new position in IMPAC Mortgage Holdings during the second quarter valued at approximately $143,000. Rhumbline Advisers raised its position in 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 period. First Trust Advisors LP bought a new position in IMPAC Mortgage Holdings during the second quarter valued at approximately $183,000. Wells Fargo & Company MN raised its position in 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 period. Finally, Teachers Advisors LLC raised its position in 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 period.

A number of brokerages recently weighed in on IMH. BidaskClub upgraded IMPAC Mortgage Holdings from a “strong sell” rating to a “sell” rating in a research note on Wednesday, August 9th. ValuEngine cut IMPAC Mortgage Holdings from a “buy” rating to a “hold” rating in a research note on Saturday, June 24th.

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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.

Earnings History for IMPAC Mortgage Holdings (NYSEMKT:IMH)

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