Insider Selling: IMPAC Mortgage Holdings, Inc (IMH) Major Shareholder Sells $362,500.00 in Stock

IMPAC Mortgage Holdings, Inc (NYSEAMERICAN:IMH) major shareholder Todd M. Pickup sold 50,000 shares of the firm’s stock in a transaction dated Wednesday, September 26th. The shares were sold at an average price of $7.25, for a total transaction of $362,500.00. Following the completion of the sale, the insider now owns 100,000 shares of the company’s stock, valued at approximately $725,000. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Shares of IMH opened at $3.90 on Friday. IMPAC Mortgage Holdings, Inc has a 12-month low of $2.93 and a 12-month high of $10.45.

IMPAC Mortgage (NYSEAMERICAN:IMH) last announced its earnings results on Wednesday, November 7th. The company reported ($0.42) earnings per share (EPS) for the quarter. The business had revenue of $19.39 million for the quarter.

A number of institutional investors and hedge funds have recently made changes to their positions in IMH. BlackRock Inc. raised its position in IMPAC Mortgage by 3.5% during the second quarter. BlackRock Inc. now owns 552,867 shares of the company’s stock worth $5,269,000 after acquiring an additional 18,912 shares during the last quarter. Rhumbline Advisers raised its position in IMPAC Mortgage by 39.7% during the fourth quarter. Rhumbline Advisers now owns 14,041 shares of the company’s stock worth $53,000 after acquiring an additional 3,990 shares during the last quarter. Finally, Beacon Pointe Wealth Advisors LLC acquired a new position in IMPAC Mortgage during the fourth quarter worth about $286,000.

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IMPAC Mortgage Company Profile

Impac Mortgage Holdings, Inc operates as an independent 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 primarily originates, sells, and services residential mortgage loans eligible for government securities issued through Ginnie Mae.

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

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