PennyMac Mortgage Investment
About: PennyMac Mortgage Investment Trust is a specialty finance company that invests primarily in residential mortgage loans and mortgage-related assets. The company's operations include activities such as the production and servicing of financial securities based on residential loans and the pooling and reselling of high-credit-quality mortgages. The company operates through four segments: correspondent production, credit-sensitive strategies, interest-rate-sensitive strategies, and corporate activities. The Credit sensitive strategies segment generates income via investments in CRT arrangements, subordinate MBS, distressed loans, and real estate.
Employees: 1
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
1% less capital invested
Capital invested by funds: $800M [Q2] → $795M (-$5.37M) [Q3]
2% less funds holding
Funds holding: 197 [Q2] → 193 (-4) [Q3]
2.36% less ownership
Funds ownership: 67.01% [Q2] → 64.64% (-2.36%) [Q3]
15% less first-time investments, than exits
New positions opened: 23 | Existing positions closed: 27
20% less repeat investments, than reductions
Existing positions increased: 60 | Existing positions reduced: 75
33% less call options, than puts
Call options by funds: $14.5M | Put options by funds: $21.8M
Research analyst outlook
1 Wall Street Analyst provided 1 year price targets over the past 3 months
1 analyst rating
Wedbush Jay McCanless 67% 1-year accuracy 39 / 58 met price target | 12%upside $15 | Neutral Reiterated | 24 Oct 2024 |
Financial journalist opinion
Based on 3 articles about PMT published over the past 30 days