Richard Mack Buys 200,000 Shares of Claros Mortgage Trust (NYSE:CMTG) Stock

Claros Mortgage Trust, Inc. (NYSE:CMTG) CEO Richard Mack acquired 200,000 shares of the company’s stock in a transaction on Thursday, September 3rd. The stock was acquired at an average cost of $1.59 per share, for a total transaction of $318,000.00. Following the completion of the purchase, the chief executive officer directly owned 3,090,308 shares of the company’s stock, valued at approximately $4,913,589.72. This represents a 6.92% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Richard Mack also recently made the following trade(s):

• On Friday, September 4th, Richard Mack purchased 20,603 shares of Claros Mortgage Trust stock. The stock was acquired at an average cost of $1.59 per share, for a total transaction of $32,758.77.

Claros Mortgage Trust Stock Performance

Shares of CMTG opened at $1.57 on Thursday. Claros Mortgage Trust, Inc. has a 52 week low of $1.44 and a 52 week high of $3.99. The company has a debt-to-equity ratio of 1.81, a quick ratio of 21.44 and a current ratio of 21.44. The stock has a 50 day moving average price of $1.93 and a two-hundred day moving average price of $2.25. The firm has a market capitalization of $222.20 million, a P/E ratio of -0.41 and a beta of 1.14.

Claros Mortgage Trust (NYSE:CMTG) last announced its quarterly earnings results on Wednesday, July 29th. The company reported ($0.63) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.25) by ($0.38). The company had revenue of $30.00 million for the quarter, compared to the consensus estimate of $33.55 million. Claros Mortgage Trust had a negative return on equity of 19.70% and a negative net margin of 354.13%. Equities analysts forecast that Claros Mortgage Trust, Inc. will post -2.67 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have commented on CMTG. Weiss Ratings cut shares of Claros Mortgage Trust from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Monday, August 3rd. Wall Street Zen lowered Claros Mortgage Trust from a “hold” rating to a “strong sell” rating in a report on Saturday, August 1st. UBS Group began coverage on Claros Mortgage Trust in a research report on Thursday, July 16th. They issued a “neutral” rating and a $2.75 price objective on the stock. Keefe, Bruyette & Woods lowered their target price on Claros Mortgage Trust from $2.50 to $2.15 and set an “underperform” rating on the stock in a research note on Tuesday, August 4th. Finally, Wells Fargo & Company reduced their price target on shares of Claros Mortgage Trust from $2.50 to $1.75 and set an “underweight” rating for the company in a research report on Wednesday, August 5th. One equities research analyst has rated the stock with a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Claros Mortgage Trust presently has a consensus rating of “Strong Sell” and a consensus price target of $2.22.

Institutional Trading of Claros Mortgage Trust

A number of institutional investors have recently modified their holdings of the business. BNP Paribas Financial Markets grew its stake in Claros Mortgage Trust by 75.8% in the 2nd quarter. BNP Paribas Financial Markets now owns 8,938 shares of the company’s stock valued at $25,000 after buying an additional 3,854 shares in the last quarter. Focus Partners Wealth purchased a new stake in shares of Claros Mortgage Trust during the third quarter worth $34,000. Hsbc Holdings PLC bought a new position in shares of Claros Mortgage Trust in the first quarter worth $37,000. Mariner LLC bought a new position in shares of Claros Mortgage Trust in the fourth quarter worth $38,000. Finally, Jump Financial LLC bought a new position in shares of Claros Mortgage Trust in the second quarter worth $44,000. 89.53% of the stock is currently owned by hedge funds and other institutional investors.

About Claros Mortgage Trust

Claros Mortgage Trust is a specialty finance company structured as a real estate investment trust that acquires and manages a portfolio of newly originated, conventional residential mortgage loans guaranteed or insured by U.S. government‐sponsored enterprises. The company concentrates on Agency collateral, including loans backed by Ginnie Mae, Fannie Mae and Freddie Mac, aiming to generate current income while preserving capital through high‐quality, credit‐enhanced assets.

Under an external management agreement with Claros Mortgage Capital Advisors LLC, the firm leverages a seasoned team to source, underwrite and service mortgage assets.