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 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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