IMPAC Mortgage (NYSEAMERICAN:IMH) Announces Earnings Results

IMPAC Mortgage (NYSEAMERICAN:IMH) released its quarterly earnings results on Thursday. The company reported ($2.64) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.16) by ($2.48), MarketWatch Earnings reports. The firm had revenue of ($43.51) million during the quarter.

Shares of NYSEAMERICAN:IMH opened at $1.74 on Friday. IMPAC Mortgage has a 52 week low of $1.31 and a 52 week high of $8.03.

In related news, major shareholder Thomas B. Akin sold 11,858 shares of the company’s stock in a transaction that occurred on Wednesday, June 17th. The shares were sold at an average price of $2.11, for a total transaction of $25,020.38. Following the completion of the transaction, the insider now owns 1,166,779 shares of the company’s stock, valued at $2,461,903.69. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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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Earnings History for IMPAC Mortgage (NYSEAMERICAN:IMH)

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