PennyMac Mortgage CAO Hendry disposes of $19,209 in shares

Gregory L. Hendry, Chief Accounting Officer of PennyMac Mortgage Investment Trust (NYSE:PMT), recently disposed of common shares of beneficial interest totaling $19,209. The transaction involved 2,444 shares at a price of $7.86 per share.

The sale, which occurred on October 1, 2026, was executed automatically pursuant to a Rule 10b5-1 trading plan that Mr. Hendry adopted on March 20, 2026. Following this transaction, Mr. Hendry beneficially owns 4,886 common shares of beneficial interest in PennyMac Mortgage Investment Trust.The insider sale comes as PMT shares trade near their 52-week low of $7.64, down 33% year-to-date. According to InvestingPro analysis, the stock appears undervalued at current levels and is in oversold territory based on RSI indicators. The company maintains a notable 20.51% dividend yield and has paid dividends for 17 consecutive years. For deeper insights, investors can access PMT’s comprehensive Pro Research Report, one of 1,400+ available on InvestingPro, along with 11 additional ProTips.

In other recent news, PennyMac Mortgage Investment Trust reported second-quarter 2026 earnings that fell short of Wall Street expectations. The company posted diluted earnings per share of $0.23, missing the forecast of $0.31. Net income for the quarter was $20 million, as the trust redirected capital from lower-return mortgage servicing rights to higher-yielding credit-sensitive investments. Following these results, UBS adjusted its price target for PennyMac Mortgage Investment Trust shares to $10.00 from $11.25, maintaining a Neutral rating. UBS also revised its core earnings per share estimates for 2026 and 2027, citing the company’s portfolio repositioning. Meanwhile, Deutsche Bank upgraded the stock rating to Buy from Hold, setting a price target of $12.00. This upgrade was based on the stock’s valuation, which has decreased 25% year-to-date. These developments reflect ongoing shifts in the company’s strategy and market valuation.