Impac Mortgage Holdings, Inc. (NYSEAMERICAN:IMH) Major Shareholder Rhp Trust, Dated May 31, 2011 Acquires 19,292 Shares

Impac Mortgage Holdings, Inc. (NYSEAMERICAN:IMH) major shareholder Rhp Trust, Dated May 31, 2011 acquired 19,292 shares of the firm’s stock in a transaction dated Friday, April 16th. The shares were bought at an average cost of $1.97 per share, with a total value of $38,005.24. Following the completion of the acquisition, the insider now directly owns 3,425,000 shares of the company’s stock, valued at $6,747,250. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Major shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

Rhp Trust, Dated May 31, 2011 also recently made the following trade(s):

  • On Wednesday, April 14th, Rhp Trust, Dated May 31, 2011 acquired 12,970 shares of Impac Mortgage stock. The shares were bought at an average cost of $1.95 per share, with a total value of $25,291.50.
  • On Monday, April 12th, Rhp Trust, Dated May 31, 2011 acquired 25,000 shares of Impac Mortgage stock. The shares were bought at an average cost of $1.94 per share, with a total value of $48,500.00.
  • On Thursday, April 1st, Rhp Trust, Dated May 31, 2011 acquired 124,535 shares of Impac Mortgage stock. The shares were bought at an average cost of $2.00 per share, with a total value of $249,070.00.

Shares of IMH traded down $0.02 during mid-day trading on Friday, hitting $1.95. 75,247 shares of the company traded hands, compared to its average volume of 240,003. The company has a debt-to-equity ratio of 131.61, a quick ratio of 0.43 and a current ratio of 1.47. The business has a 50-day moving average price of $2.46. Impac Mortgage Holdings, Inc. has a 1 year low of $1.10 and a 1 year high of $4.14. The company has a market cap of $41.59 million, a PE ratio of -0.48 and a beta of 0.86.

Impac Mortgage (NYSEAMERICAN:IMH) last released its quarterly earnings data on Thursday, March 11th. The company reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.39 by ($0.23).

A number of hedge funds have recently made changes to their positions in IMH. Renaissance Technologies LLC increased its holdings in Impac Mortgage by 188.5% during the fourth quarter. Renaissance Technologies LLC now owns 181,842 shares of the company’s stock valued at $553,000 after buying an additional 118,804 shares during the last quarter. Beacon Pointe Advisors LLC increased its holdings in Impac Mortgage by 16.5% during the fourth quarter. Beacon Pointe Advisors LLC now owns 129,840 shares of the company’s stock valued at $395,000 after buying an additional 18,420 shares during the last quarter. AJ Wealth Strategies LLC purchased a new stake in Impac Mortgage during the fourth quarter valued at approximately $142,000. Finally, Susquehanna International Group LLP increased its holdings in Impac Mortgage by 70.2% during the fourth quarter. Susquehanna International Group LLP now owns 18,574 shares of the company’s stock valued at $56,000 after buying an additional 7,664 shares during the last quarter. 13.18% of the stock is owned by institutional investors and hedge funds.

Impac Mortgage Company Profile

Impac Mortgage Holdings, Inc operates as a residential mortgage lender in the United States. It operates through three segments: Mortgage Lending, Real Estate Services, and Long-Term Mortgage Portfolio. The Mortgage Lending segment provides mortgage lending products through three lending channels, such as retail, wholesale, and correspondent and opportunistically retain mortgage servicing rights.

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Insider Buying and Selling by Quarter for Impac Mortgage (NYSEAMERICAN:IMH)

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