PennyMac Financial Services Inc (NYSE:PFSI) insider Doug Jones sold 15,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 14th. The shares were sold at an average price of $21.95, for a total transaction of $329,250.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Doug Jones also recently made the following trade(s):

  • On Tuesday, December 12th, Doug Jones sold 7,500 shares of PennyMac Financial Services stock. The shares were sold at an average price of $21.57, for a total transaction of $161,775.00.

PennyMac Financial Services Inc (NYSE:PFSI) traded down $0.10 on Thursday, reaching $21.80. 232,363 shares of the company’s stock traded hands, compared to its average volume of 181,406. The company has a current ratio of 0.16, a quick ratio of 0.16 and a debt-to-equity ratio of 1.66. The firm has a market capitalization of $503.02, a price-to-earnings ratio of 8.24, a PEG ratio of 1.89 and a beta of 0.68. PennyMac Financial Services Inc has a 12 month low of $15.65 and a 12 month high of $22.20.

PennyMac Financial Services (NYSE:PFSI) last posted its earnings results on Thursday, November 2nd. The real estate investment trust reported $0.71 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.71. The company had revenue of $250.64 million for the quarter, compared to analyst estimates of $238.59 million. PennyMac Financial Services had a net margin of 6.47% and a return on equity of 4.11%. PennyMac Financial Services’s revenue for the quarter was down 14.0% on a year-over-year basis. research analysts forecast that PennyMac Financial Services Inc will post 2.29 earnings per share for the current fiscal year.

PFSI has been the topic of a number of recent research reports. ValuEngine cut shares of PennyMac Financial Services from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 17th. Piper Jaffray Companies reaffirmed a “buy” rating on shares of PennyMac Financial Services in a research note on Tuesday, September 19th. BidaskClub raised shares of PennyMac Financial Services from a “sell” rating to a “hold” rating in a research note on Wednesday, September 27th. Zacks Investment Research raised shares of PennyMac Financial Services from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 17th. Finally, Barclays set a $25.00 price objective on shares of PennyMac Financial Services and gave the company a “buy” rating in a research note on Tuesday. Two research analysts have rated the stock with a sell rating, two have given a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $21.50.

A number of institutional investors and hedge funds have recently bought and sold shares of PFSI. Mangrove Partners acquired a new stake in PennyMac Financial Services in the third quarter worth $12,760,000. Numeric Investors LLC raised its holdings in PennyMac Financial Services by 72.1% in the second quarter. Numeric Investors LLC now owns 776,152 shares of the real estate investment trust’s stock worth $12,962,000 after purchasing an additional 325,169 shares during the period. Dimensional Fund Advisors LP raised its holdings in PennyMac Financial Services by 31.4% in the second quarter. Dimensional Fund Advisors LP now owns 531,824 shares of the real estate investment trust’s stock worth $8,882,000 after purchasing an additional 127,022 shares during the period. Vanguard Group Inc. raised its holdings in PennyMac Financial Services by 7.3% in the first quarter. Vanguard Group Inc. now owns 1,544,525 shares of the real estate investment trust’s stock worth $26,334,000 after purchasing an additional 105,654 shares during the period. Finally, Parametric Portfolio Associates LLC raised its holdings in PennyMac Financial Services by 183.2% in the second quarter. Parametric Portfolio Associates LLC now owns 84,188 shares of the real estate investment trust’s stock worth $1,406,000 after purchasing an additional 54,460 shares during the period. Institutional investors own 90.83% of the company’s stock.

ILLEGAL ACTIVITY WARNING: “PennyMac Financial Services Inc (PFSI) Insider Doug Jones Sells 15,000 Shares” was posted by Watch List News and is the sole property of of Watch List News. If you are accessing this story on another website, it was stolen and republished in violation of United States & international copyright & trademark legislation. The correct version of this story can be accessed at https://www.watchlistnews.com/pennymac-financial-services-inc-pfsi-insider-doug-jones-sells-15000-shares/1764420.html.

PennyMac Financial Services Company Profile

PennyMac Financial Services, Inc (PFSI) is a financial services company. The Company is focused on the production and servicing of the United States residential mortgage loans and the management of investments related to the United States mortgage market. The Company operates through three segments: loan production, loan servicing and investment management.

Insider Buying and Selling by Quarter for PennyMac Financial Services (NYSE:PFSI)

Receive News & Ratings for PennyMac Financial Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PennyMac Financial Services and related companies with Analyst Ratings Network's FREE daily email newsletter.