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 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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