Tuesday, October 17, 2017 10:15 PM ET
Insiders at Impac Mortgage Holdings (IMH) Make Significant purchases Extending the 90 day Trend
There were substantial insider purchases of Impac Mortgage Holdings shares today, as shown in filings with the SEC as three insiders — Rhp Trust dated May 31 2011, 10% Owner, Gamebusters, Inc., 10% Owner, and Richard H Pickup, 10% Owner — bought 988,008 shares in the company having a net market value of approximately $12,103,098. There have been 2 insiders with buy/sell transactions in the past 90 days prior to this filing. All of these trades have been buys resulting in the purchase of 12,638 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net purchases of 1,000,646 shares and have averaged 200,129 shares per transaction over this time period.
The number of insider buy/sell trades at Impac Mortgage Holdings is greater than the 18 peer company average over the last 90-day period. The Corporate Financial Services peer group saw 15 buy/sell trades during this period for an average of 0.8 transactions per company. The number of shares per buy/sell trade for Impac Mortgage Holdings insiders was also higher. Within the peer group there were 34,438 shares purchased and 129,455 shares sold with company insiders disposing of 6,334 shares on average.
The data obtained in composing and writing in this story eliminates all trading activity reported to the SEC that involves awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers.
Today’s Insider Activity
* Rhp Trust dated May 31 2011, 10% Owner, bought 300,000 shares
* Gamebusters, Inc., 10% Owner, bought 194,004 shares
* Richard H Pickup, 10% Owner, bought 494,004 shares
Using proprietary Natural Language Generation (NLG) technology, UpTick evaluates corporate insider filings reported to the SEC and creates real-time news and analysis to report the most significant insider transactions based on transaction type, size and historical trends.
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