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.
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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