StockNews.com started coverage on shares of Impac Mortgage (NYSEAMERICAN:IMH – Get Rating) in a research report report published on Friday. The firm issued a hold rating on the stock.

Impac Mortgage Stock Performance

Shares of Impac Mortgage stock opened at $0.28 on Friday. The stock has a market capitalization of $6.00 million, a P/E ratio of -0.24 and a beta of 0.71. The company has a quick ratio of 3.62, a current ratio of 5.01 and a debt-to-equity ratio of 14.83. The company has a 50-day simple moving average of $0.37 and a 200 day simple moving average of $0.31. Impac Mortgage has a 12-month low of $0.12 and a 12-month high of $0.88.

Insider Buying and Selling at Impac Mortgage

In related news, major shareholder Rhp Trust, Dated May 31, 2011 acquired 850,000 shares of the stock in a transaction on Thursday, February 2nd. The stock was purchased at an average price of $0.36 per share, for a total transaction of $306,000.00. Following the transaction, the insider now owns 3,550,000 shares of the company's stock, valued at approximately $1,278,000. The acquisition was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 2.80% of the company's stock.

Institutional Investors Weigh In On Impac Mortgage

A hedge fund recently bought a new stake in Impac Mortgage stock. Raymond James & Associates bought a new stake in Impac Mortgage Holdings, Inc. (NYSEAMERICAN:IMH – Get Rating) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 73,470 shares of the company's stock, valued at approximately $26,000. Raymond James & Associates owned about 0.34% of Impac Mortgage at the end of the most recent quarter. Hedge funds and other institutional investors own 12.49% of the company's stock.

Impac Mortgage Company Profile

(Get Rating)

Impac Mortgage Holdings, Inc engages in the provision of mortgage and real estate solutions. It operates through the following segments: Mortgage Lending, Real Estate Services, and Long-Term Mortgage Portfolio. The Mortgage Lending segment offers mortgage lending products through lending channels, retail, wholesale, and correspondent, and retains mortgage servicing rights and warehouse lending facilities.

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