Impac Mortgage (NYSE:IMH) Now Covered by Analysts at StockNews.com

StockNews.com initiated coverage on shares of Impac Mortgage (NYSE:IMH) in a report issued on Friday. The brokerage issued a hold rating on the stock.

Impac Mortgage Price Performance

IMH stock opened at $0.06 on Friday. The company has a market capitalization of $2.19 million, a PE ratio of -0.04 and a beta of 0.90. Impac Mortgage has a 12 month low of $0.12 and a 12 month high of $0.88. The firm’s 50-day moving average is $0.07 and its 200 day moving average is $0.14.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Impac Mortgage stock. Raymond James & Associates bought a new stake in shares of Impac Mortgage Holdings, Inc. (NYSE:IMH) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 73,470 shares of the company’s stock, valued at approximately $26,000. Raymond James & Associates owned 0.34% of Impac Mortgage as of its most recent filing with the Securities and Exchange Commission. 12.49% of the stock is owned by hedge funds and other institutional investors.

Impac Mortgage Company Profile

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.