IMPAC Mortgage (NYSEAMERICAN:IMH) announced its earnings results on Thursday. The company reported ($2.64) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.16) by ($2.48), MarketWatch Earnings reports. The business had revenue of ($43.51) million for the quarter.
NYSEAMERICAN IMH opened at $1.68 on Friday. IMPAC Mortgage has a 52 week low of $1.31 and a 52 week high of $8.03.
In other news, major shareholder Thomas B. Akin sold 11,858 shares of IMPAC Mortgage stock in a transaction on Wednesday, June 17th. The stock was sold at an average price of $2.11, for a total transaction of $25,020.38. Following the transaction, the insider now owns 1,166,779 shares in the company, valued at approximately $2,461,903.69. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
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 provides mortgage lending products through three lending channels, such as retail, wholesale, and correspondent and opportunistically retain mortgage servicing rights.
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