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PMT Price Correlated With Financials For PennyMac Mortgage Investment Trust

Free historical financial statements for PennyMac Mortgage Investment Trust. See how revenue, income, cash flow, and balance sheet financials have changed over 43 quarters since 2012. Compare with PMT stock chart to see long term trends.

PMT Stock Compared to Quarterly

PMT Income Statement

Revenue, Net:151065000
Revenue Per Share:1.6675
Total Operating Expenses:60686000
Operating Income:90379000
Income Taxes:78466000
Net Income:11913000
Earnings Per Share, Basic:0.01
Shares Outstanding, Basic Avg:90594000

PMT Cash Flow

Operating Activities Net Income:
Net Cash from Operations:-402047000
Net Cash from Operations Per Share:-4.4379
Repurchases/Buybacks Common Stock:13498000
Cash Dividends Paid:42832000
Net Cash from Financing Activities:686564000
Net Cash from Investing Activities:-557595000
Net Change in Cash & Equivalents:-273078000

PMT Balance Sheet

Cash and Cash Equivalents:58931000
Short-Term Investments:352343000
Total Assets:13945940000
Long Term Debt, Non-Current Portion:5121865000
Total Liabilities:11928609000

Insider Trading

SEC Form 4
Lynch Catherine A.   Director
5,000 sh at $12

Major Holders (from 13F filings)

Investment Type
Value (x$1000)
increase or decrease
Blackrock Inc.
15,907,913 sh
-315,677 sh
Vanguard Group Inc
10,329,256 sh
-167,693 sh
Goldman Sachs Group Inc
3,635,006 sh
-710,292 sh
State Street Corp
3,499,296 sh
13,287 sh
Invesco Ltd.
1,760,212 sh
-42,305 sh
Geode Capital Management, LLC
1,646,743 sh
18,110 sh
Mirae Asset Global Investments Co., Ltd.
1,454,763 sh
35,605 sh
Pacer Advisors, Inc.
1,453,426 sh
305,310 sh
Morgan Stanley
1,336,498 sh
-14,191 sh
K2 Principal Fund, L.P.
1,335,843 sh
1,335,843 sh
Millennium Management LLC
1,162,980 sh
994,506 sh
Charles Schwab Investment Management Inc
1,109,514 sh
30,789 sh
Bank Of New York Mellon Corp
1,055,863 sh
-50,716 sh
Northern Trust Corp
928,119 sh
-90,566 sh
Alliancebernstein L.P.
759,856 sh
-84 sh
Jupiter Asset Management Ltd
573,563 sh
544,018 sh
Principal Financial Group Inc
558,899 sh
-10,914 sh
Allianz Asset Management Gmbh
558,651 sh
2,451 sh
JPMorgan Chase & Co
532,620 sh
17,152 sh
Great Lakes Advisors, LLC
530,788 sh
530,788 sh
Note 1—Organization
PennyMac Mortgage Investment Trust (“PMT” or the “Company”) is a specialty finance company, which, through its subsidiaries (all of which are wholly-owned), invests primarily in residential mortgage-related assets. The Company operates in four segments: credit sensitive strategies, interest rate sensitive strategies, correspondent production, and corporate:

The credit sensitive strategies segment represents the Company’s investments in credit risk transfer (“CRT”) arrangements, including CRT agreements (“CRT Agreements”) and CRT securities (together, “CRT arrangements”), non-Agency subordinate bonds, distressed loans and real estate.

The interest rate sensitive strategies segment represents the Company’s investments in mortgage servicing rights (“MSRs”), excess servicing spread (“ESS”) purchased from PennyMac Financial Services, Inc. (“PFSI”), a publicly-traded mortgage banking and investment management company, Agency and senior non-Agency mortgage-backed securities (“MBS”) and the related interest rate hedging activities.

The correspondent production segment represents the Company’s operations aimed at serving as an intermediary between lenders and the capital markets by purchasing, pooling and reselling newly originated prime credit quality loans either directly or in the form of MBS, using the services of PNMAC Capital Management, LLC (“PCM” or the “Manager”) and PennyMac Loan Services, LLC (“PLS”), both indirect controlled subsidiaries of PFSI.

The Company primarily sells the loans it acquires through its correspondent production activities to government-sponsored entities such as the Federal National Mortgage Association (“Fannie Mae”) and the Federal Home Loan Mortgage Corporation (“Freddie Mac”) or to PLS for sale into securitizations guaranteed by the Government National Mortgage Association (“Ginnie Mae”). Fannie Mae, Freddie Mac and Ginnie Mae are each referred to as an “Agency” and, collectively, as the “Agencies.”

The corporate segment includes management fees, corporate expense amounts and certain interest income.

The Company conducts substantially all of its operations and makes substantially all of its investments through its subsidiary, PennyMac Operating Partnership, L.P. (the “Operating Partnership”), and the Operating Partnership’s subsidiaries. A wholly-owned subsidiary of the Company is the sole general partner, and the Company is the sole limited partner, of the Operating Partnership.
The Company believes that it qualifies, and has elected to be taxed, as a real estate investment trust (“REIT”) under the Internal Revenue Code of 1986, as amended. To maintain its tax status as a REIT, the Company is required to distribute at least 90% of its taxable income in the form of qualifying distributions to shareholders.

Data imported from PennyMac Mortgage Investment Trust SEC filings. Check original filings before making any investment decision.