{
  "id": 18209134,
  "title": "Pennymac chief accounting officer Gregory Hendry sells $18,884 in stock",
  "url": "https://urgent.news/2026/11/04/pennymac-chief-accounting-officer-gregory-hendry-sells-18-884-in-stock",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-04T23:46:01.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/insider-trading-news/pennymac-chief-accounting-officer-gregory-hendry-sells-18884-in-stock-93CH-5001825"
  },
  "original_language": "en",
  "account": "PennyMac Mortgage Investment Trust's Chief Accounting Officer, Gregory Hendry, sold 2,443 shares of the company's common stock on November 2, 2026. The transaction, facilitated by a pre-approved trading plan, saw the shares exchanged at a price of $7.73 each, resulting in a total sale amount of $18,884. The reduction in share value comes after a 25% decline over the past six months, although a rebound of nearly 14% was observed within the past week, pushing the stock price to $8.28. Despite this recent volatility, PMT currently boasts an appealing 20% dividend yield and a P/E ratio of 16.94. For those interested in a deeper analysis, InvestingPro offers comprehensive research reports on PMT and 1,400+ other US equities. PennyMac Mortgage Investment Trust also revealed its third-quarter 2026 earnings, with an adjusted profit of $0.35 per share, exceeding the expected $0.30 per share. However, the company reported a GAAP earnings loss of $0.41 per share, attributed to market-driven value declines. The company's book value per share dropped by 5% to $14.03. In response to the market conditions, PennyMac Mortgage announced a reduction in its quarterly dividend to approximately $0.30 from $0.40, driven by stronger run-rate earnings and improved investment returns. Wells Fargo adjusted its price target for PennyMac Mortgage Investment Trust from $10.00 to $9.00 while maintaining an Equal Weight rating, based on an estimated core earnings per share of $0.35. These updates unfold against a backdrop of a challenging interest-rate environment, characterized by rising Treasury yields and widening mortgage spreads, which have impacted valuations.",
  "summary": null,
  "key_points": [],
  "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."
}