IMPAC Mortgage Holdings, Inc (NYSEMKT:IMH) Downgraded by BidaskClub

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

IMH has been the topic of several other reports. TheStreet upgraded IMPAC Mortgage Holdings from a “d” rating to a “c-” rating in a research report on Thursday, April 6th. ValuEngine lowered IMPAC Mortgage Holdings from a “buy” rating to a “hold” rating in a research report on Saturday, June 24th.

IMPAC Mortgage Holdings (NYSEMKT IMH) traded up 0.67% on Monday, reaching $13.62. The company had a trading volume of 41,214 shares. The stock has a market capitalization of $284.59 million, a P/E ratio of 5.20 and a beta of 0.91. IMPAC Mortgage Holdings has a 12-month low of $12.04 and a 12-month high of $17.45. The stock’s 50-day moving average price is $14.67 and its 200-day moving average price is $14.41.

IMPAC Mortgage Holdings (NYSEMKT:IMH) last announced its quarterly earnings data on Tuesday, August 8th. The financial services provider reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.96 by $0.97. The firm had revenue of $39.63 million for the quarter. IMPAC Mortgage Holdings had a net margin of 16.25% and a return on equity of 9.53%. On average, equities research analysts anticipate that IMPAC Mortgage Holdings will post $3.00 EPS for the current fiscal year.

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Several large investors have recently modified their holdings of the company. SG Americas Securities LLC acquired a new stake in shares of IMPAC Mortgage Holdings during the second quarter worth $143,000. Rhumbline Advisers raised its stake 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 worth $180,000 after buying an additional 980 shares in the last quarter. First Trust Advisors LP acquired a new stake in shares of IMPAC Mortgage Holdings during the second quarter worth $183,000. Wells Fargo & Company MN raised its stake 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 worth $266,000 after buying an additional 9,527 shares in the last quarter. Finally, Teachers Advisors LLC raised its stake 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 worth $285,000 after buying an additional 2,585 shares in 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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