Stonegate Mortgage Corp (NYSE:SGM) has been downgraded to Hold in a report by Zacks Investment Research today.
- Updated: October 5, 2016
Zacks Investment Research has downgraded Stonegate Mortgage Corp (NYSE:SGM) to Hold in a statement released on 10/5/2016.
On 9/28/2016, Zacks Investment Research reported about Stonegate Mortgage Corp (NYSE:SGM) bumped up the target price from $0.00 to $4.75 that suggested an upside of 0.14%.
Boasting a price of $4.60, Stonegate Mortgage Corp (NYSE:SGM) traded -1.71% lower on the day. The last stock price is up 7.28% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. SGM has recorded a 50-day moving average of $4.07 and a 200-day moving average of $4.28. 8,829 shares of the stock were exchanged, down from an average trading volume of 27,905
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Stonegate Mortgage Corp has a 52 week low of $3.16 and a 52 week high of $7.64 The company’s market cap is currently $0.
General Information About Stonegate Mortgage Corp (NYSE:SGM)
Stonegate Mortgage Corporation is a non-bank mortgage company. The Company is focused on originating, financing and servicing the United States residential mortgage loans. The Company's segments include Originations, Servicing, Financing and Other. The Originations segment primarily originates and sells residential mortgage loans, which conform to the underwriting guidelines of the government sponsored enterprises and government agencies, and non-agency whole loan investors. The Servicing segment includes loan administration, collection and default activities, including the collection and remittance of loan payments, responding to customer inquiries, collection of principal and interest payments, holding custodial funds for the payment of property taxes and insurance premiums, counseling delinquent mortgagors and modifying loans. The Financing segment includes warehouse-lending activities to correspondent customers by the Company's subsidiary, NattyMac, LLC.
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