What Did This CEO Just Do with Personal Shares of PennyMac Mortgage (PMT)?

Today, the President & CEO of PennyMac Mortgage (PMT), David Spector, sold shares of PMT for $721.4K.

Following David Spector’s last PMT Sell transaction on August 06, 2013, the stock climbed by 9.0%.

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Based on PennyMac Mortgage’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $180 million and quarterly net profit of $41.42 million. In comparison, last year the company earned revenue of $125 million and had a net profit of $40.61 million. PMT’s market cap is $1.27B and the company has a P/E ratio of 10.49. Currently, PennyMac Mortgage has an average volume of 600.4K.

Based on 3 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $21.67, reflecting a 6.1% upside.

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PennyMac Mortgage Investment Trust is a finance company, which invests primarily in residential mortgage loans and mortgage-related assets. It operates through following segments: Correspondent Production, Credit Sensitive Strategies, Interest Rate Sensitive Strategies, and Corporate Activities.