Proficio Capital Partners LLC Takes $47,000 Position in Claros Mortgage Trust, Inc. (NYSE:CMTG)

Proficio Capital Partners LLC purchased a new position in shares of Claros Mortgage Trust, Inc. (NYSE:CMTG) during the 4th quarter, Holdings Channel.com reports. The firm purchased 10,423 shares of the company’s stock, valued at approximately $47,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CMTG. Arlington Trust Co LLC purchased a new position in shares of Claros Mortgage Trust during the fourth quarter worth about $43,000. Intech Investment Management LLC acquired a new stake in shares of Claros Mortgage Trust in the 3rd quarter valued at about $114,000. Los Angeles Capital Management LLC acquired a new stake in shares of Claros Mortgage Trust in the 4th quarter valued at about $78,000. SG Americas Securities LLC grew its stake in Claros Mortgage Trust by 18.4% during the 4th quarter. SG Americas Securities LLC now owns 23,769 shares of the company’s stock worth $107,000 after buying an additional 3,694 shares during the last quarter. Finally, PDT Partners LLC acquired a new position in Claros Mortgage Trust during the third quarter worth approximately $208,000. 89.53% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Claros Mortgage Trust

In other news, CEO Richard Mack bought 25,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 12th. The stock was purchased at an average price of $3.38 per share, with a total value of $84,500.00. Following the purchase, the chief executive officer now owns 2,589,981 shares of the company’s stock, valued at $8,754,135.78. This trade represents a 0.97 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Mike Mcgillis acquired 24,115 shares of Claros Mortgage Trust stock in a transaction that occurred on Wednesday, March 12th. The shares were purchased at an average cost of $3.30 per share, for a total transaction of $79,579.50. Following the purchase, the chief financial officer now directly owns 475,945 shares of the company’s stock, valued at approximately $1,570,618.50. This trade represents a 5.34 % increase in their position. The disclosure for this purchase can be found here. Insiders bought 169,115 shares of company stock valued at $547,930 in the last 90 days. 1.40% of the stock is currently owned by insiders.

Claros Mortgage Trust Stock Down 3.7 %

Claros Mortgage Trust stock opened at $3.77 on Friday. The stock’s 50 day moving average price is $3.30 and its 200 day moving average price is $5.18. Claros Mortgage Trust, Inc. has a 1-year low of $2.13 and a 1-year high of $9.81. The company has a market cap of $524.70 million, a PE ratio of -2.37 and a beta of 1.62. The company has a debt-to-equity ratio of 2.08, a current ratio of 25.67 and a quick ratio of 20.68.

Claros Mortgage Trust (NYSE:CMTG) last issued its earnings results on Wednesday, February 19th. The company reported $0.15 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.03. Claros Mortgage Trust had a negative net margin of 89.07% and a positive return on equity of 4.72%. The company had revenue of $60.23 million for the quarter, compared to analyst estimates of $58.07 million. On average, sell-side analysts predict that Claros Mortgage Trust, Inc. will post 0.27 EPS for the current fiscal year.

Wall Street Analyst Weigh In

CMTG has been the subject of several research analyst reports. Wells Fargo & Company decreased their price objective on Claros Mortgage Trust from $8.00 to $3.00 and set an “underweight” rating for the company in a report on Tuesday, February 25th. Keefe, Bruyette & Woods decreased their price target on shares of Claros Mortgage Trust from $4.00 to $2.50 and set an “underperform” rating for the company in a research note on Thursday, February 27th. Finally, UBS Group dropped their price objective on shares of Claros Mortgage Trust from $6.00 to $5.25 and set a “buy” rating on the stock in a research note on Tuesday, February 25th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $4.31.

Claros Mortgage Trust Company Profile

Claros Mortgage Trust, Inc operates as a real estate investment trust. It focuses on originating senior and subordinate loans on transitional commercial real estate assets in the United States. The company has elected to be taxed as a real estate investment trust. As a result, it would not be subject to corporate income tax on that portion of its net income that is distributed to shareholders.