{
  "id": 11703803,
  "title": "PennyMac Mortgage CAO Hendry disposes of $19,209 in shares",
  "url": "https://urgent.news/2026/10/03/pennymac-mortgage-cao-hendry-disposes-of-19-209-in-shares",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-03T14:46:14.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/insider-trading-news/pennymac-mortgage-cao-hendry-disposes-of-19209-in-shares-93CH-4930860"
  },
  "original_language": "en",
  "account": "Chief Accounting Officer Gregory L. Hendry of PennyMac Mortgage Investment Trust disposed of 2,444 shares of company common stock worth $19,209 on October 1, 2026. The sale was made via an automated Rule 10b5-1 trading plan adopted by Hendry on March 20, 2026. Following the transaction, Hendry still holds 4,886 shares in the company.\n\nPennyMac Mortgage shares are currently trading near their 52-week low of $7.64, marking a 33% decline year-to-date. Despite this, the stock appears undervalued at its present price and is categorized as oversold based on RSI indicators. PennyMac maintains a strong dividend yield of 20.51% and has been paying dividends consistently for 17 years.\n\nIn another development, PennyMac reported second-quarter 2026 earnings that fell short of analyst expectations. The company reported diluted earnings per share of $0.23, below the projected $0.31, with net income at $20 million. The trust repositioned capital from lower-return mortgage servicing rights to higher-yielding credit-sensitive investments.\n\nFollowing the earnings release, UBS adjusted its price target for PennyMac shares to $10.00, maintaining a Neutral rating. The bank also revised its core earnings per share estimates for 2026 and 2027. Deutsche Bank upgraded the stock rating to Buy from Hold, setting a price target of $12.00, based on the decreasing stock valuation.\n\nThese events indicate ongoing changes in the company's strategy and market valuation. This report is AI-generated and reviewed by an editor.",
  "summary": null,
  "key_points": [
    "Chief Accounting Officer Gregory Hendry sold 2,444 shares worth $19,209 on October 1, 2026.",
    "PennyMac Mortgage shares are near 52-week low of $7.64, down 33% year-to-date.",
    "Company reported Q2 2026 earnings below expectations, with diluted EPS of $0.23."
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}