A Director at Redwood Trust (RWT) is Buying Shares


Yesterday, a Director at Redwood Trust (NYSE: RWT), Karen Pallotta, bought shares of RWT for $84.39K.

Following this transaction Karen Pallotta’s holding in the company was increased by 106.66% to a total of $165K. In addition to Karen Pallotta, 3 other RWT executives reported Buy trades in the last month.

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Based on Redwood Trust’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $88.32 million and quarterly net profit of $45.41 million. In comparison, last year the company earned revenue of $79.76 million and had a net profit of $36 million. RWT’s market cap is $1.26B and the company has a P/E ratio of 9.83. Currently, Redwood Trust has an average volume of 400K.

Eight different firms, including B.Riley FBR and Deutsche Bank, currently also have a Buy rating on the stock.

The insider sentiment on Redwood Trust has been positive according to 13 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.

Karen Pallotta’s trades have generated a 7.4% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.

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Redwood Trust, Inc. engages in the business of investing in mortgages and other real estate-related assets. It operates through the following segments: Residential Mortgage Banking, Investment Portfolio, and Corporate and Other.

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