Ocwen Financial Corp (NYSE:OCN) EVP Acquires $33,500.00 in Stock
Ocwen Financial Corp (NYSE:OCN) EVP Timothy J. Yanoti acquired 25,000 shares of the firm’s stock in a transaction on Friday, August 9th. The shares were bought at an average cost of $1.34 per share, for a total transaction of $33,500.00. Following the completion of the acquisition, the executive vice president now owns 25,000 shares of the company’s stock, valued at $33,500. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
OCN traded up $0.03 during midday trading on Tuesday, hitting $1.51. 183,629 shares of the company traded hands, compared to its average volume of 558,627. The company has a quick ratio of 9.87, a current ratio of 9.87 and a debt-to-equity ratio of 18.07. Ocwen Financial Corp has a 52-week low of $1.20 and a 52-week high of $4.35. The stock’s 50 day moving average price is $1.94.
Ocwen Financial (NYSE:OCN) last posted its quarterly earnings data on Tuesday, August 6th. The financial services provider reported ($0.67) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.36) by ($0.31). The company had revenue of $274.34 million for the quarter, compared to analysts’ expectations of $288.00 million. Ocwen Financial had a negative net margin of 15.76% and a negative return on equity of 35.88%. The business’s revenue for the quarter was up 8.2% on a year-over-year basis. During the same period in the previous year, the business earned ($0.22) earnings per share.
Institutional investors and hedge funds have recently bought and sold shares of the business. Public Employees Retirement System of Ohio lifted its holdings in Ocwen Financial by 26.8% during the fourth quarter. Public Employees Retirement System of Ohio now owns 28,872 shares of the financial services provider’s stock valued at $39,000 after purchasing an additional 6,099 shares in the last quarter. BNP Paribas Arbitrage SA lifted its holdings in Ocwen Financial by 89.4% during the first quarter. BNP Paribas Arbitrage SA now owns 30,143 shares of the financial services provider’s stock valued at $55,000 after purchasing an additional 14,232 shares in the last quarter. Sigma Planning Corp purchased a new position in Ocwen Financial during the first quarter valued at $65,000. JPMorgan Chase & Co. lifted its holdings in Ocwen Financial by 32.4% during the second quarter. JPMorgan Chase & Co. now owns 37,958 shares of the financial services provider’s stock valued at $74,000 after purchasing an additional 9,285 shares in the last quarter. Finally, Metropolitan Life Insurance Co NY purchased a new position in Ocwen Financial during the first quarter valued at $78,000. 57.24% of the stock is currently owned by institutional investors and hedge funds.
Ocwen Financial Company Profile
Ocwen Financial Corporation, a financial services holding company, originates and services loans in the United States, the United States Virgin Islands, India, and Philippines. Its Servicing segment provides residential and commercial mortgage loan servicing, special servicing, and asset management services to owners of mortgage loans and foreclosed real estate.
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