On September 3, 2024, Doug Jones, Director, President & Chief Mortgage Banking Officer of PennyMac Mortgage Investment Trust (PMT, Financial), executed a sale of 37,010 shares of the company. The transaction was filed on the same day through an SEC Filing. Following this transaction, the insider now owns 49,114 shares of PennyMac Mortgage Investment Trust.
PennyMac Mortgage Investment Trust is a specialty finance company that invests primarily in residential mortgage loans and mortgage-related assets. As a real estate investment trust (REIT), the company aims to provide attractive risk-adjusted returns to its shareholders.
Over the past year, Doug Jones has sold a total of 44,820 shares and has not made any purchases of the company's stock. This recent sale is part of a broader trend observed within the company, where there have been an equal number of insider buys and sells over the past year, totaling 6 each.
On the valuation front, shares of PennyMac Mortgage Investment Trust were trading at $14.01 on the day of the transaction. The company has a market cap of approximately $1.208 billion. The price-earnings ratio stands at 9.21, which is below both the industry median of 17.05 and the company's historical median.
According to the GF Value, the intrinsic value of the stock is estimated at $28.93, suggesting that PennyMac Mortgage Investment Trust is significantly undervalued with a price-to-GF-Value ratio of 0.48.
This valuation assessment is based on historical trading multiples like the price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, adjusted by GuruFocus based on the company's past performance and expected future business outcomes as estimated by Morningstar analysts.
The insider's recent transaction and the current valuation metrics provide key insights into PennyMac Mortgage Investment Trust's stock performance and insider sentiment.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
