Gratia Capital LLC Has $3.06 Million Stake in Claros Mortgage Trust, Inc. $CMTG

Gratia Capital LLC reduced its stake in Claros Mortgage Trust, Inc. (NYSE:CMTGFree Report) by 23.5% during the 2nd quarter, HoldingsChannel reports. The fund owned 1,301,212 shares of the company’s stock after selling 398,872 shares during the quarter. Claros Mortgage Trust comprises 1.8% of Gratia Capital LLC’s investment portfolio, making the stock its 14th largest position. Gratia Capital LLC’s holdings in Claros Mortgage Trust were worth $3,058,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. BNP Paribas Financial Markets increased its holdings in Claros Mortgage Trust by 75.8% during the 2nd quarter. BNP Paribas Financial Markets now owns 8,938 shares of the company’s stock worth $25,000 after purchasing an additional 3,854 shares in the last quarter. Focus Partners Wealth bought a new stake in shares of Claros Mortgage Trust in the third quarter valued at about $34,000. Hsbc Holdings PLC bought a new stake in shares of Claros Mortgage Trust in the first quarter valued at about $37,000. Mariner LLC acquired a new position in shares of Claros Mortgage Trust during the fourth quarter worth about $38,000. Finally, Jump Financial LLC acquired a new position in shares of Claros Mortgage Trust during the second quarter worth about $44,000. 89.53% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Claros Mortgage Trust

In other news, CFO Mike Mcgillis bought 25,000 shares of the company’s stock in a transaction dated Thursday, August 6th. The shares were bought at an average cost of $1.71 per share, with a total value of $42,750.00. Following the acquisition, the chief financial officer owned 749,000 shares in the company, valued at $1,280,790. This trade represents a 3.45% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Richard Mack bought 20,603 shares of the business’s stock in a transaction that occurred on Friday, September 4th. The stock was purchased at an average price of $1.59 per share, with a total value of $32,758.77. Following the completion of the purchase, the chief executive officer directly owned 3,110,911 shares in the company, valued at $4,946,348.49. The trade was a 0.67% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last ninety days, insiders bought 245,603 shares of company stock worth $393,509. 2.60% of the stock is owned by insiders.

Analysts Set New Price Targets

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

View Our Latest Report on CMTG

Claros Mortgage Trust Trading Up 2.3%

Shares of Claros Mortgage Trust stock opened at $1.57 on Thursday. Claros Mortgage Trust, Inc. has a 12-month low of $1.44 and a 12-month high of $3.99. The stock has a market cap of $222.20 million, a P/E ratio of -0.41 and a beta of 1.14. The company has a quick ratio of 21.44, a current ratio of 21.44 and a debt-to-equity ratio of 1.81. The business’s 50 day moving average is $1.93 and its 200-day moving average is $2.25.

Claros Mortgage Trust (NYSE:CMTGGet Free Report) last posted 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 firm 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 research analysts predict that Claros Mortgage Trust, Inc. will post -2.67 earnings per share for the current fiscal year.

Claros Mortgage Trust Company Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding CMTG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Claros Mortgage Trust, Inc. (NYSE:CMTGFree Report).

Institutional Ownership by Quarter for Claros Mortgage Trust (NYSE:CMTG)

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