The New Pickup Richard H Holding in Impac Mortgage Holdings Inc
Pickup Richard H filed with the SEC SC 13D/A form for Impac Mortgage Holdings Inc. The form can be accessed here: 000119312516772392. As reported in Pickup Richard H’s form, the filler as of late owns 21.6% or 3,600,000 shares of the -company.
Impac Mortgage Holdings Inc stake is a new one for the and it was filed because of activity on November 16, 2016. We feel this shows Pickup Richard H’s positive view for the stock.
Reasons Why Pickup Richard H Bought – Impac Mortgage Holdings Inc Stock
Purpose of Transaction
The shares of the Common Stock that are the subject of thisAmendment No. 2 to Schedule 13D were acquired by the Reporting Persons for investment purposes, based on their respective beliefs that the Common Stock represents an attractive investment.The Reporting Persons intend to optimize the value oftheir investments and, therefore, intend to review and evaluate from time to time the Issuer’s business affairs, financial position, and contractual rights and obligations.Based on such evaluation and review, as well as general economic,industry, and market conditions existing at the time, the Reporting Persons may consider from time to time various alternative courses of action.Such actions may include the acquisition or disposition of the Common Stock or other securitiesissued by the Issuer through open market transactions, privately negotiated transactions, a tender offer, a merger, an exchange offer, or otherwise.As part of monitoring their investments, the Reporting Persons may also, in their discretion,from time to time, seek to meet with and have discussions with the Issuer’s management and directors and, further, may communicate with other holders of the Common Stock to understand their views of the Issuer’s operating strategy andfinancial performance.
|CUSIP No. 45254P508||Page of Pages|
Except as set forth herein, the Reporting Persons have no present plans or proposals thatrelate to or that would result in any of the actions specified in clauses (a) through (j) of Item 4 of Schedule 13D.
The information setforth in Item 3 of this Amendment No. 2 to Schedule 13D is hereby incorporated herein by reference.
Impac Mortgage Holdings Inc Institutional Sentiment
Latest Security and Exchange filings show 40 investors own Impac Mortgage Holdings Inc. The institutional ownership in Q3 2015 is low, at 36.96% of the outstanding shares. This is increased by 4529559 the total institutional shares. 5920723 were the shares owned by these institutional investors. In total 5 funds opened new Impac Mortgage Holdings Inc stakes, 16 increased stakes. There were 6 that closed positions and 16 reduced them.
Paul Tudor Jones Tudor Investment Corp Et Al is an institutional investor bullish on Impac Mortgage Holdings Inc, owning 16198 shares as of Q3 2015 for 0.01% of its portfolio. Bridgeway Capital Management Inc owns 197800 shares or 0.07% of its portfolio. CA Harvest Capital Strategies Llc have 0.04% of their stock portfolio for 13596 shares. Further, Eam Investors Llc reported stake worth 0.23% of its US stock portfolio. The NY Salzhauer Michael owns 95375 shares. Impac Mortgage Holdings Inc is 1.27% of the manager’s US portfolio.
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.
SEC Form 13D is filed within 10 days, by anyone who acquires beneficial ownership of 5%+ of any public firm. Activist investors and practices such as: company breakups, hostile takeovers, and change of control events, are permitted for this form filers. A filer must promptly update its 13D filing in case of acquisition or disposition of 1% or more of the securities that are the subject of the filing.
Insitutional Activity: The institutional sentiment increased to 1.94 in Q2 2016. Its up 1.44, from 0.5 in 2016Q1. The ratio is positive, as 5 funds sold all IMPAC Mortgage Holdings, Inc shares owned while 19 reduced positions. 3 funds bought stakes while 9 increased positions. They now own 1.61 million shares or 8.86% less from 1.77 million shares in 2016Q1.
Moreover, Citigroup has 0% invested in IMPAC Mortgage Holdings, Inc (NYSEMKT:IMH) for 1,588 shares. Wells Fargo & Mn holds 0% of its portfolio in IMPAC Mortgage Holdings, Inc (NYSEMKT:IMH) for 5,976 shares. Schwab Charles Investment holds 12,642 shares or 0% of its portfolio. Moreover, Sg Americas Secs Ltd Liability Company has 0.01% invested in IMPAC Mortgage Holdings, Inc (NYSEMKT:IMH) for 92,355 shares. Tudor Et Al owns 15,899 shares or 0.01% of their US portfolio. Royal Natl Bank Of Canada, a Ontario – Canada-based fund reported 173 shares. Credit Suisse Ag has 11,314 shares for 0% of their US portfolio. Bank Of Ny Mellon holds 0% or 60,706 shares in its portfolio. Moreover, Blackrock Inv Management Limited Liability Corp has 0% invested in IMPAC Mortgage Holdings, Inc (NYSEMKT:IMH) for 35,791 shares. California State Teachers Retirement System holds 0% of its portfolio in IMPAC Mortgage Holdings, Inc (NYSEMKT:IMH) for 16,612 shares. Cornerstone Mgmt Holdg Limited Liability has invested 0% of its portfolio in IMPAC Mortgage Holdings, Inc (NYSEMKT:IMH). The Delaware-based Blackrock Advisors Ltd has invested 0% in IMPAC Mortgage Holdings, Inc (NYSEMKT:IMH). Tiaa Cref Management Ltd Llc reported 23,149 shares or 0% of all its holdings. Bnp Paribas Arbitrage Sa holds 0% of its portfolio in IMPAC Mortgage Holdings, Inc (NYSEMKT:IMH) for 310 shares. Moreover, Nationwide Fund Advsr has 0% invested in IMPAC Mortgage Holdings, Inc (NYSEMKT:IMH) for 5,601 shares.
Insider Transactions: Since June 7, 2016, the stock had 9 buys, and 0 sales for $12.24 million net activity. PICKUP RICHARD H/ bought $3.26 million worth of IMPAC Mortgage Holdings, Inc (NYSEMKT:IMH) on Thursday, November 10. On Friday, September 16 Pickup Todd M bought $2.60M worth of the stock or 200,000 shares.
The stock increased 1.06% or $0.15 during the last trading session, hitting $14.28. About 187,163 shares traded hands or 70.19% up from the average. IMPAC Mortgage Holdings, Inc (NYSEMKT:IMH) has declined 4.01% since April 18, 2016 and is downtrending. It has underperformed by 8.44% the S&P500.
Impac Mortgage Holdings, Inc. is an independent residential mortgage lender. The company has a market cap of $233.67 million. The Firm operates through three divisions: Mortgage Lending, Real Estate Services and Long-Term Mortgage Portfolio. It has a 4.77 P/E ratio. It originates, sells and services conventional, conforming agency and Government insured residential mortgage loans.
More notable recent IMPAC Mortgage Holdings, Inc (NYSEMKT:IMH) news were published by: Globenewswire.com which released: “Impac Mortgage Holdings, Inc. Announces Third Quarter 2016 Results” on November 02, 2016, also Quotes.Wsj.com with their article: “News IMPAC Mortgage Holdings Inc.IMH” published on February 11, 2011, Globenewswire.com published: “Impac Mortgage Holdings, Inc. Announces Pricing of Follow-On Offering of …” on September 16, 2016. More interesting news about IMPAC Mortgage Holdings, Inc (NYSEMKT:IMH) were released by: Businesswire.com and their article: “Impac Mortgage Holdings, Inc. Announces Acquisition of CashCall’s Mortgage …” published on January 08, 2015 as well as Prnewswire.com‘s news article titled: “Impac Mortgage Holdings, Inc. Announces Year End 2015 Results” with publication date: February 18, 2016.
According to Zacks Investment Research, “Impac Mortgage Holdings, Inc. is a mortgage real estate investment trust, which, together with its subsidiaries and related companies, primarily operates three businesses: (1) the Long-Term Investment Operations, (2) the Mortgage Operations, and (3) the Warehouse Lending Operations.”
IMH Company Profile
Impac Mortgage Holdings, Inc., incorporated on August 28, 1995, is an independent residential mortgage lender. The Firm operates through three divisions: Mortgage Lending, Real Estate Services and Long-Term Mortgage Portfolio. The Company’s Corporate segment includes all corporate services groups, including information technology, human resources, legal, facilities, accounting, treasury and corporate administration. It originates, sells and services residential mortgage loans. It originates conventional mortgage loans eligible for sale to the United States Government-sponsored enterprises (GSEs), including Fannie Mae, Freddie Mac (conventional loans) and government-insured mortgage loans eligible for government securities issued through Ginnie Mae (government loans). It operates as a residential mortgage lender and is focused on its mortgage lending platform providing conventional and government-insured mortgage loans.
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