MPAC Mortgage Holdings Major Shareholder Purchases $97,000 in Stock (IMH)
September 26th, 2013 - 0 comments - Filed Under - by Charles Edwardson
IMPAC Mortgage Holdings, Inc logoIMPAC Mortgage Holdings (NYSE:IMH) major shareholder Richard H/ Pickup purchased 10,000 shares of IMPAC Mortgage Holdings stock on the open market in a transaction dated Tuesday, September 24th. The shares were purchased at an average price of $9.70 per share, for a total transaction of $97,000.00. Following the acquisition, the insider now directly owns 100,000 shares of the company’s stock, valued at approximately $970,000. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.
IMPAC Mortgage Holdings (NYSE:IMH) traded down 0.82% during mid-day trading on Thursday, hitting $9.71. The stock had a trading volume of 14,967 shares. IMPAC Mortgage Holdings has a 1-year low of $6.64 and a 1-year high of $18.00. The stock’s 50-day moving average is $9.8 and its 200-day moving average is $10.42. The company’s market cap is $85.1 million.
Impac Mortgage Holdings, Inc (NYSE:IMH) operations include the mortgage and real estatefee-based business activities conducted by its subsidiaries: Integrated Real Estate Service Corporation (IRES), IMH Assets Corp. http://www.northforkvue.com/finance/7089/impac-mortgage-holdings-major-shareholder-purchases-97000-in-stock-imh/