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IPO Preview: PennyMac Financial ServicesIPOdesktop • Wed, May 8 -
Business Wire (May 8, 2013)
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Business Wire (Apr 24, 2013)
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PennyMac Mortgage Investment Trust Announces Proposed Private Placement of Exchangeable Senior NotesBusiness Wire (Apr 23, 2013)
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Business Wire (Apr 23, 2013)
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Business Wire (Apr 17, 2013)
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Business Wire (Feb 7, 2013)
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Blue Ridge Takes Ownership Stake in PennyMac Mortgage REITMarket Folly • Sun, Aug 16, 2009 -
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IPO Preview: PennyMac Financial ServicesIPOdesktop • Wed, May 8
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8 High-Growth Financials Being Snapped Up By Hedge FundsKapitall • Wed, Dec 5, 2012 -
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PennyMac Mortgage Investment Trust Q4 2009 Earnings Call TranscriptTue, Feb 2, 2010 • 2 Comments
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at CNBC.com (May 14, 2013)
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Business Wire (May 8, 2013)
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Business Wire (Apr 24, 2013)
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PennyMac Mortgage Investment Trust Announces Proposed Private Placement of Exchangeable Senior NotesBusiness Wire (Apr 23, 2013)
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Business Wire (Apr 23, 2013)
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Business Wire (Apr 17, 2013)
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Business Wire (Feb 7, 2013)
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Business Wire (Feb 7, 2013)
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Business Wire (Jan 31, 2013)
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Business Wire (Nov 12, 2012)
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Business Wire (Nov 8, 2012)
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Business Wire (Nov 8, 2012)
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Business Wire (Oct 16, 2012)
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Business Wire (Aug 29, 2012)
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at Fox Business (Aug 17, 2012)
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at Fox Business (Aug 17, 2012)
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Business Wire (Aug 17, 2012)
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Business Wire (Aug 16, 2012)
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Business Wire (Aug 2, 2012)
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Business Wire (Jul 11, 2012)
PMT vs. ETF Alternatives
Company Description
Currently, there's no company description for PMT.
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- | Earnings
- | Dividends
- | M&A
- | On the move
- Monday, May 20, 3:11 PM The Russell 2000 (IWM) cracked 1,000 for the first time this morning, but the small cap sector is far from over-loved by the fund managers who invest in it, according to Credit Suisse's Lori Calvasina - they ended Q1 with cash holdings at a near 10-year high. Indexing (IJR, IWO, IWN XSLV are some others) beats most active management, but Calvasina screened for stocks owned by fewer than 50 small-cap funds with $500M-$1.5B market cap, and with favorable investment ratings. No surprise the answer is heavy on mREITs - MTGE, AMTG, PMT. Also coming up: OMX and WFR. Comment!
- Monday, May 20, 2:58 PM PennyMac Financial Services (PFSI +8%) flies after Lee Cooperman's Omega Advisors discloses a 21.6% stake in the just-IPOed mortgager company founded by former Countrywide exec (and PMT CEO) Stan Kurland. 1 Comment [Financials, On the Move]
- Friday, April 26, 7:02 AM PennyMac Mortgage Investment Trust (PMT) is upgraded to Buy with $27 price target at KBW following the company's Q1 earnings report. Notable from the report is management's plan to get into the again-profitable private-label mortgage securitization business. Comment! [Financials]
- Thursday, April 25, 7:29 AM PennyMac Mortgage Investment (PMT) prices a private offering of $200M in Exchange Senior Notes due in 2020. The coupon is 5.375% and the initial exchange rate of 33.5149 shares/$1K of principal is equivalent to $29.84/share, about 25% above last night's close. Shares fell 1.5% yesterday following announcement of the offering. (PR) 1 Comment [Financials]
- Tuesday, April 23, 1:25 PM There's another entrant into the reborn private-label mortgage securitization business as PennyMac Mortgage Investment (PMT) management unveils a plan to issue its first RMBS in Q3. "(It's) a significant new opportunity," says CEO Stan Kurland. Redwood Trust (RWT) investors nod in agreement. 1 Comment [Earnings, Financials]
- Tuesday, April 23, 8:34 AM PennyMac Mortgage (PMT): Q1 EPS of $0.90 beats by $0.06. (PR) Comment! [Earnings, Breaking News, Financials]
- Tuesday, April 23, 12:05 AM Notable earnings before Tuesday’s open: ACI, AKS, AOS, APD, ARMH, CIT, CNC, COH, DAL, DD, DFS, EAT, ECA, FMER, FRX, GCI, GNTX, IDXX, IIVI, IR, IRWD, ITW, JCI, JNS, LCC, LECO, LMT, LXK, MOLX, PCAR, PCH, PII, PMT, PNR, R, RAI, RF, RSH, SNV, ST, TRV, UTX, WAT, XRX 1 Comment [Earnings]
- Monday, April 22, 5:30 PM Notable earnings before Tuesday’s open: ACI, AKS, AOS, APD, ARMH, CIT, CNC, COH, DAL, DD, DFS, EAT, ECA, FMER, FRX, GCI, GNTX, IDXX, IIVI, IR, IRWD, ITW, JCI, JNS, LCC, LECO, LMT, LXK, MOLX, PCAR, PCH, PII, PMT, PNR, R, RAI, RF, RSH, SNV, ST, TRV, UTX, WAT, XRX Comment! [Earnings]
- Friday, February 22, 2:34 PM Fat mortgage profits drove earnings at financials last quarter, but maybe not this one. Compass Point estimates gain-on-sale margins - the amount lenders make packaging and selling mortgages - could be down 40% in Q1. It's not just the big banks getting hurt. Profits at originators like FBC, NSM, PMT, EVER, and PHH could be most damaged, says Compass Point. Comment! [Financials]
- Wednesday, February 13, 1:39 PM The most interesting takeaway from PennyMac's (PMT) Q4 earnings call (transcript) is no analysts could find the time to participate. The stock of this clearly underfollowed MBS investor - run by Stan Kurland, formerly of Countryside - was up about 50% in 2012, while paying paying a 13% dividend (based on 2012's opening price). (presentation) 2 Comments [Financials]
- Thursday, February 7, 10:59 AM Residential mortgage lender and servicer PennyMac Financial Services - run by former Countrywide exec Stan Kurland (also CEO of PMT) - files for an IPO of up to $287.5M. (S-1) Comment! [Financials]
- Thursday, February 7, 8:40 AM PennyMac Mortgage (PMT): Q4 EPS of $0.83 in-line. (PR) 3 Comments [Earnings, Breaking News, Financials]
- Thursday, February 7, 12:05 AM Notable earnings before Thursday’s open: AAP, ALU, BG, CCE, CI, CS, CTSH, EXC, FLIR, FLO, GPK, HLSS, HOT, INGR, KKR, MFC, MPW, MWW, NBL, NNN, NYT, ONNN, OZM, PM, PMT, PTEN, S, SBH, SIAL, SNE, SNI, SPH, SQNS, TDC, TEVA, XYL Comment! [Earnings]
- Wednesday, February 6, 5:30 PM Notable earnings before Thursday’s open: AAP, ALU, BG, CCE, CI, CS, CTSH, EXC, FLIR, FLO, GPK, HLSS, HOT, INGR, KKR, MFC, MPW, MWW, NBL, NNN, NYT, ONNN, OZM, PM, PMT, PTEN, S, SBH, SIAL, SNE, SNI, SPH, SQNS, TDC, TEVA, XYL 1 Comment [Earnings]
- Tuesday, November 27, 2012, 11:16 AM Turning to non-agency MBS (webcast), JPMorgan gets even more bullish. Key is their expectation of 3-5% growth in home prices (with upside potential) in 2013. While the paper is likely to retain some correlation with risk on/risk off, the fundamentals of improving housing - rising prices, declining distressed sales, declining shadow inventory - will be of growing importance. (previous on MBS) Comment! [U.S. Economy, Financials]
- Tuesday, November 27, 2012, 10:35 AM More from JPMorgan on MBS: The mREITs will continue to purchase agency MBS even with the Fed dominating the market, says Matthew Jozoff, noting the firms weren't sellers even during the financial crisis. With their stock prices already below book value (pg. 14), the main threat to mREITs would be a termination of repo funding or a massive MBS sell-off - neither very likely according to Jozoff's team. 15 Comments [Financials]
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Patrick Harden
$PMT reports $0.90/sh in Q1 GAAP earnings - almost 100% of net income is due to non-cash mark-to-market gains based on PMT model assumptions - View all 0 replies
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surfgeezer
$PMT Sold the April 25$ Puts. Net 23.5$ 9.5% yield now and I believe that will go up. We will see if is this quarter real quick - View all 0 replies
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Paul Zimbardo
High Yielding Dividends This Week http://bit.ly/YEoZVC $AVA $CA $HE $MAIN $NTI $PMT $TRI $TYG #Stocks #Investing #Dividends - View all 0 replies
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Paul Zimbardo
Dividend Opportunities To Consider Now http://seekingalpha.com/a/ppsx $AVA $CA $HE $MAIN $NTI $PMT $TRI $TYG #Stocks #Investing #Dividends - View all 0 replies
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Patrick Harden
Ready for Countrywide v2.0? Bloomberg: http://bloom.bg/WCwC0j S-1: http://1.usa.gov/Wwur0f Related tickers: $BAC $PMT - View all 0 replies
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Regarded Solutions
make money on the financial crisis? Profiting From The Financial Crisis: Is It All About The Money?http://bit.ly/X40LGZ $PMT - View all 0 replies
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LATEST REPLIES
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Patrick Harden
Thinking about an article on PMT. Any interest? I'm long put options, so it will be a critique. - View all 1 replies
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Northwest Investor: Definitely. You're about the only person on SA who has useful comments on mREITs
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Patrick Harden
PMT Q4 earnings. Still using fair value adjustments on loans to prop up net investment income. I'd like to see their taxable income. - View all 2 replies
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Bryce Istvan: Look at fair value adjustments vs realized sell prices (slide 8 from Q4 pres). Almost no variance meaning fair value appears to be correct.
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Patrick Harden: True, but I can't be sure that PMT isn't cherry picking its best NPLs to sell and marking up the real scratch and dent stuff.