IMPAC Mortgage (NYSEAMERICAN:IMH) Posts Earnings Results, Misses Estimates By $2.48 EPS

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

IMPAC Mortgage stock traded down $0.17 during trading hours on Friday, hitting $1.73. The company had a trading volume of 200 shares, compared to its average volume of 66,194. IMPAC Mortgage has a 1 year low of $1.31 and a 1 year high of $8.03.

In other IMPAC Mortgage news, major shareholder Thomas B. Akin sold 11,858 shares of the business’s stock in a transaction dated Wednesday, June 17th. The shares were sold at an average price of $2.11, for a total value of $25,020.38. Following the completion of the sale, the insider now directly owns 1,166,779 shares of the company’s stock, valued at approximately $2,461,903.69. The transaction was disclosed in a filing with the SEC, which is available through this link.

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.

Featured Article: What is meant by a buy rating?

Earnings History for IMPAC Mortgage (NYSEAMERICAN:IMH)

Receive News & Ratings for IMPAC Mortgage Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for IMPAC Mortgage and related companies with MarketBeat.com's FREE daily email newsletter.