Impac Mortgage Holdings Receives a Buy from JMP Securities

By Austin Angelo

JMP Securities analyst Trevor Cranston reiterated a Buy rating on Impac Mortgage Holdings (NYSE MKT: IMH) today. The company’s shares opened today at $16.01.

According to, Cranston is a 3-star analyst with an average return of 5.0% and a 66.7% success rate. Cranston covers the Financial sector, focusing on stocks such as Arlington Asset Investment, American Capital Mortgage, and New Residential Inv.

Impac Mortgage Holdings has an analyst consensus of Moderate Buy.

The company has a one year high of $24.22 and a one year low of $11.51. Currently, Impac Mortgage Holdings has an average volume of 78.69K.

Based on the recent corporate insider activity of 21 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of IMH in relation to earlier this year. Most recently, in September 2016, Richard H Pickup, a Major Shareholder at IMH bought 37,214 shares for a total of $492,133.

Impac Mortgage Holdings, Inc. is engaged in providing mortgage and real estate services. The company operates through the following three segments: Mortgage Lending, Real Estate Services and Long-Term Mortgage Portfolio. The Mortgage Lending segment originate, sell and service conventional, conforming agency and government insured residential mortgage loans originated or acquired through three channels: Correspondent, Wholesale and to a lesser extent, Retail. The Mortgage Lending segment provides loss mitigation and real estate services primarily on own long-term mortgage portfolio, including default surveillance, loan modification services, short sale services, real estate owned, surveillance and disposition services and monitoring, reconciling and reporting services for residential and multifamily mortgage portfolios. The Long-Term Mortgage Portfolio segment manages Long-Term Mortgage Portfolio which consists of residual interests in the securitization trusts reflected as trust assets and liabilities in consolidated balance sheets, to mitigate losses and maximize cash flows from residual interests. Impac Mortgage Holdings was founded by Joseph R. Tomkinson in August 1995 and is headquartered in Irvine, CA.