Chairman and CEO of Pennymac Mortgage Trust (PMT, Financial) Stanford L Kurland buys 10,000 shares of PMT on 11/13/2009 at an average price of $16.99 a share.
PennyMac Mortgage Investment Trust is a real estate investment trust. The Company operates as a specialty finance company that will invest primarily in residential mortgage loans and mortgage-related assets. The company seeks to acquire primarily troubled home mortgage loans and mortgage-backed securities from FDIC liquidations of failed banks, US Treasury Legacy Loans Program auctions, and direct acquisitions from mortgage and insurance companies and foreign banks. The Company's objective is to provide risk-adjusted returns to its investors over the long-term, primarily through dividends and secondarily through capital appreciation. The Company focuses on investing in mortgage loans, a substantial portion of which may be distressed and acquired at discounts to their unpaid principal balances. PennyMac is managed by investment adviser PNMAC Capital Management and offers primary and special loan servicing through PennyMac Loan Services. Pennymac Mortgage Trust has a market cap of $285.16 million; its shares were traded at around $17.04 .
PennyMac Mortgage Investment Trust is a real estate investment trust. The Company operates as a specialty finance company that will invest primarily in residential mortgage loans and mortgage-related assets. The company seeks to acquire primarily troubled home mortgage loans and mortgage-backed securities from FDIC liquidations of failed banks, US Treasury Legacy Loans Program auctions, and direct acquisitions from mortgage and insurance companies and foreign banks. The Company's objective is to provide risk-adjusted returns to its investors over the long-term, primarily through dividends and secondarily through capital appreciation. The Company focuses on investing in mortgage loans, a substantial portion of which may be distressed and acquired at discounts to their unpaid principal balances. PennyMac is managed by investment adviser PNMAC Capital Management and offers primary and special loan servicing through PennyMac Loan Services. Pennymac Mortgage Trust has a market cap of $285.16 million; its shares were traded at around $17.04 .
Insiders' Positions with PMT
- Buy:: Chairman and CEO Stanford L Kurland bought 15,000 shares of PMT stock on 11/11/2009 at the average price of 17.3, the price of the stock has decreased by 1.5% since
- Buy:: Chairman of the Board and CEO Stanford L Kurland bought 127,290 shares of PMT stock on 08/04/2009 at the average price of 20, the price of the stock has decreased by 14.8% since
Insiders' Positions with PMT
- Buy:: President and COO David Spector bought 1,061 shares of PMT stock on 08/04/2009 at the average price of 20, the price of the stock has decreased by 14.8% since
