Impac Mortgage Holdings, Inc. (NYSEAMERICAN:IMH – Get Rating) saw a large growth in short interest in March. As of March 15th, there was short interest totalling 58,100 shares, a growth of 28.3% from the February 28th total of 45,300 shares. Based on an average trading volume of 105,000 shares, the days-to-cover ratio is currently 0.6 days.
Insider Transactions at Impac Mortgage
In other Impac Mortgage news, major shareholder Rhp Trust, Dated May 31, 2011 purchased 850,000 shares of the firm's stock in a transaction dated Thursday, February 2nd. The stock was bought at an average cost of $0.36 per share, with a total value of $306,000.00. Following the purchase, the insider now directly owns 3,550,000 shares of the company's stock, valued at $1,278,000. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 2.80% of the company's stock.
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Hedge Funds Weigh In On Impac Mortgage
A hedge fund recently bought a new stake in Impac Mortgage stock. Sara Bay Financial purchased a new stake in shares of Impac Mortgage Holdings, Inc. (NYSEAMERICAN:IMH – Get Rating) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 2,578,536 shares of the company's stock, valued at approximately $438,000. Sara Bay Financial owned about 11.99% of Impac Mortgage at the end of the most recent reporting period. Institutional investors own 12.49% of the company's stock.
Impac Mortgage Price Performance
Shares of NYSEAMERICAN:IMH traded down $0.02 during midday trading on Friday, hitting $0.35. The stock had a trading volume of 23,102 shares, compared to its average volume of 93,010. Impac Mortgage has a 12 month low of $0.12 and a 12 month high of $0.88. The company has a current ratio of 5.01, a quick ratio of 3.62 and a debt-to-equity ratio of 14.83. The stock has a market capitalization of $7.53 million, a PE ratio of -0.30 and a beta of 0.71.
About Impac Mortgage
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Impac Mortgage Holdings, Inc engages in the provision of mortgage and real estate solutions. It operates through the following segments: Mortgage Lending, Real Estate Services, and Long-Term Mortgage Portfolio. The Mortgage Lending segment offers mortgage lending products through lending channels, retail, wholesale, and correspondent, and retains mortgage servicing rights and warehouse lending facilities.
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