In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Impac Mortgage Holdings Inc. (NYSEMKT:IMH) reported that Talkot Capital, Llc. has picked up 1,598,394 of common stock as of 2017-04-20.
The acquisition brings the aggregate amount owned by Talkot Capital, Llc. to a total of 1,598,394 representing less than 7.82% stake in the company.
For those not familiar with the company, Impac Mortgage Holdings, Inc. is an independent residential mortgage lender. The Company operates through three segments: Mortgage Lending, Real Estate Services and Long-Term Mortgage Portfolio. It originates, sells and services conventional, conforming agency and Government insured residential mortgage loans. Its Real Estate Services segment provides various real estate related services and loss mitigation services, including managing distressed mortgage portfolios and foreclosed real estate assets; surveillance services for residential and multifamily mortgage portfolios; loan modification services, and the master servicing on various residential mortgage and multifamily loan pools for loans. It manages its long-term mortgage portfolio, which consists of residual interests in the securitization trusts reflected as trust assets and liabilities. Its Corporate segment includes corporate services groups, such as information technology, human resources, legal, facilities and accounting.
A glance at Impac Mortgage Holdings Inc. (NYSEMKT:IMH)’s key stats reveals a current market capitalization of 242.22 Million based on 20.45 Million shares outstanding and a price at last close of $14.13 per share.
Looking at insider activity, there are a few transactions worth noting.
Specifically, on 2017-04-18 Pickup picked up 691,153 at a purchase price of $12.66. This brings their total holding to 1,191,153 as of the date of the filing.
On the sell side, the most recent transaction saw Walsh unload 5,000 shares at a sale price of 17.45. This brings their total holding to 33,597.
It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on Impac Mortgage Holdings Inc. (NYSEMKT:IMH) as things move forward to see if its progress aligns with these transactions.
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