IMPAC Mortgage Target of Unusually High Options Trading (NYSEAMERICAN:IMH)

IMPAC Mortgage Holdings, Inc (NYSEAMERICAN:IMH) was the target of some unusual options trading on Wednesday. Investors acquired 4,000 put options on the stock. This is an increase of approximately 1,900% compared to the average daily volume of 200 put options.

Hedge funds have recently made changes to their positions in the stock. Susquehanna International Group LLP bought a new position in IMPAC Mortgage during the second quarter valued at about $32,000. Jane Street Group LLC purchased a new stake in shares of IMPAC Mortgage during the second quarter valued at $65,000. Paloma Partners Management Co purchased a new stake in shares of IMPAC Mortgage during the second quarter valued at $80,000. Vanguard Group Inc. lifted its holdings in shares of IMPAC Mortgage by 4.1% during the second quarter. Vanguard Group Inc. now owns 359,764 shares of the company’s stock valued at $1,115,000 after purchasing an additional 14,162 shares during the last quarter. Finally, HighTower Advisors LLC lifted its holdings in shares of IMPAC Mortgage by 336.1% during the second quarter. HighTower Advisors LLC now owns 787,192 shares of the company’s stock valued at $2,440,000 after purchasing an additional 606,685 shares during the last quarter.

Shares of IMH stock opened at $7.21 on Thursday. IMPAC Mortgage has a fifty-two week low of $2.81 and a fifty-two week high of $7.82.

IMPAC Mortgage (NYSEAMERICAN:IMH) last announced its earnings results on Thursday, August 8th. The company reported $0.56 earnings per share for the quarter. The firm had revenue of $24.12 million for the quarter.

About IMPAC Mortgage

Impac Mortgage Holdings, Inc operates as an independent residential mortgage lender in the United States. It operates through three segments: Mortgage Lending, Real Estate Services, and Long-Term Mortgage Portfolio. The Mortgage Lending segment provides mortgage lending products through three lending channels, such as retail, wholesale, and correspondent and opportunistically retain mortgage servicing rights.

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