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.

TRADEMARK VIOLATION NOTICE: “Insider Selling: IMPAC Mortgage Holdings, Inc (IMH) Major Shareholder Sells $362,500.00 in Stock” was reported by Dakota Financial News and is the sole property of of Dakota Financial News. If you are accessing this news story on another domain, it was illegally stolen and reposted in violation of U.S. & international copyright & trademark laws. The original version of this news story can be accessed at https://dakotafinancialnews.com/2019/02/10/insider-selling-impac-mortgage-holdings-inc-imh-major-shareholder-sells-362500-00-in-stock.html.

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.

Read More: Cash Flow Analysis in Stock Selection

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

Receive News & Ratings for IMPAC Mortgage Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for IMPAC Mortgage and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply