Stock on Watch: Impac Mortgage Holdings, Inc. (IMH)

Company Profile:

Impac Mortgage Holdings, Inc. operates as an independent residential mortgage lender in the United States. It operates through three segments: Mortgage Lending, Real Estate Services, and Long-Term Mortgage Portfolio. The Mortgage Lending segment primarily originates, sells, and services residential mortgage loans eligible for government securities issued through Ginnie Mae. The Real Estate Services segment provides loss mitigation and real estate services primarily on its long-term mortgage portfolio, including default surveillance, loan modification, short sale, and real estate owned surveillance and disposition services, as well as monitoring, reconciling, and reporting services for residential and multifamily mortgage portfolios. The Long-Term Mortgage Portfolio segment consists of residual interests in the securitization trusts reflected as trust assets and liabilities in its consolidated balance sheets. Impac Mortgage Holdings, Inc. was founded in 1995 and is headquartered in Irvine, California.

Recent News:

For the second quarter of 2017, the Company reported GAAP net earnings of $6.4 million, or $0.32 per diluted common share, as compared to GAAP net earnings of $12.3 million, or $0.92 per diluted common share for the second quarter of 2016.

The company reported first-quarter profit of $4.6 million. On a per-share basis, it had profit of 29 cents. It posted revenue of $45.3 million in the period.

 

Fundamental Analysis:

Ninestocks analyzes several different financial aspects: Growth, Profitability, solvency and efficiency.

Growth – Measures the growth of both the company’s income statement and cash flow.

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Profitability – Measures the historical price movement of the stock.

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Solvency – Measures the solvency of the company based on several ratios.

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Efficiency – Measures the strength and historic growth of a company’s return on invested capital.

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Conclusion:

IMH’s strengths can be seen in its strong profitability and robust efficiency compared with its peers. Its revenue has increased over several years. Technical indicators signal the bullish signs, as there is a bullish cross in MACD and Stochastic Oscillator and RSI (14) stands at 41.14 with positive bias. We rate Impac Mortgage Holdings, Inc. (IMH) a STRONG BUY.

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