Insider Selling: Impac Mortgage Holdings, Inc. (NYSEAMERICAN:IMH) Major Shareholder Sells 9,142 Shares of Stock

Impac Mortgage Holdings, Inc. (NYSEAMERICAN:IMH) major shareholder Thomas B. Akin sold 9,142 shares of the stock in a transaction that occurred on Friday, October 9th. The shares were sold at an average price of $1.50, for a total transaction of $13,713.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Large shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

IMH stock opened at $1.37 on Friday. Impac Mortgage Holdings, Inc. has a 12 month low of $1.10 and a 12 month high of $8.03.

Impac Mortgage (NYSEAMERICAN:IMH) last released its quarterly earnings results on Thursday, August 6th. The company reported ($0.49) EPS for the quarter, missing the consensus estimate of $0.03 by ($0.52). The firm had revenue of ($4.06) million for the quarter.

Several hedge funds have recently added to or reduced their stakes in the company. Bridgeway Capital Management Inc. grew its position in shares of Impac Mortgage by 69.9% in the second quarter. Bridgeway Capital Management Inc. now owns 201,781 shares of the company’s stock valued at $341,000 after purchasing an additional 83,000 shares during the last quarter. Virtu Financial LLC purchased a new position in shares of Impac Mortgage during the second quarter valued at approximately $30,000. Salzhauer Michael lifted its stake in shares of Impac Mortgage by 19.8% during the second quarter. Salzhauer Michael now owns 91,145 shares of the company’s stock valued at $154,000 after buying an additional 15,043 shares during the period. Sara Bay Financial purchased a new position in shares of Impac Mortgage during the second quarter valued at approximately $37,000. Finally, Philadelphia Financial Management of San Francisco LLC lifted its stake in shares of Impac Mortgage by 32.7% during the first quarter. Philadelphia Financial Management of San Francisco LLC now owns 313,013 shares of the company’s stock valued at $761,000 after buying an additional 77,157 shares during the period.

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 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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