Rhumbline Advisers increased its holdings in shares of PennyMac Financial Services Inc (NYSE:PFSI) by 28.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 19,822 shares of the real estate investment trust’s stock after acquiring an additional 4,387 shares during the period. Rhumbline Advisers owned approximately 0.08% of PennyMac Financial Services worth $390,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Dimensional Fund Advisors LP grew its holdings in PennyMac Financial Services by 9.4% in the first quarter. Dimensional Fund Advisors LP now owns 737,494 shares of the real estate investment trust’s stock valued at $16,704,000 after purchasing an additional 63,230 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in PennyMac Financial Services by 44.2% in the first quarter. JPMorgan Chase & Co. now owns 522,561 shares of the real estate investment trust’s stock valued at $11,836,000 after purchasing an additional 160,208 shares during the last quarter. IndexIQ Advisors LLC grew its holdings in PennyMac Financial Services by 10.3% in the second quarter. IndexIQ Advisors LLC now owns 96,574 shares of the real estate investment trust’s stock valued at $1,898,000 after purchasing an additional 9,012 shares during the last quarter. American International Group Inc. grew its holdings in PennyMac Financial Services by 486.5% in the first quarter. American International Group Inc. now owns 62,816 shares of the real estate investment trust’s stock valued at $1,423,000 after purchasing an additional 52,105 shares during the last quarter. Finally, Hillsdale Investment Management Inc. grew its holdings in PennyMac Financial Services by 1,612.9% in the first quarter. Hillsdale Investment Management Inc. now owns 53,100 shares of the real estate investment trust’s stock valued at $1,203,000 after purchasing an additional 50,000 shares during the last quarter. 94.09% of the stock is currently owned by hedge funds and other institutional investors.

In related news, insider Anne Mccallion sold 5,000 shares of the stock in a transaction dated Monday, July 2nd. The stock was sold at an average price of $19.65, for a total transaction of $98,250.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider David M. Walker sold 10,000 shares of the stock in a transaction dated Tuesday, June 26th. The stock was sold at an average price of $20.18, for a total value of $201,800.00. The disclosure for this sale can be found here. Insiders sold 105,000 shares of company stock worth $2,115,850 over the last 90 days. Company insiders own 45.64% of the company’s stock.

PFSI has been the topic of several research reports. ValuEngine raised PennyMac Financial Services from a “hold” rating to a “buy” rating in a report on Friday, August 3rd. Barclays set a $24.00 price objective on PennyMac Financial Services and gave the company a “buy” rating in a research report on Wednesday, July 25th. Zacks Investment Research upgraded PennyMac Financial Services from a “strong sell” rating to a “hold” rating in a research report on Tuesday, September 18th. Finally, Compass Point restated a “hold” rating and issued a $23.00 price objective on shares of PennyMac Financial Services in a research report on Tuesday, August 7th. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $24.80.

Shares of NYSE:PFSI opened at $21.45 on Friday. The company has a current ratio of 0.18, a quick ratio of 0.18 and a debt-to-equity ratio of 1.27. PennyMac Financial Services Inc has a 52-week low of $17.40 and a 52-week high of $25.20. The firm has a market capitalization of $538.42 million, a PE ratio of 7.86, a P/E/G ratio of 0.82 and a beta of 0.58.

PennyMac Financial Services (NYSE:PFSI) last issued its quarterly earnings data on Thursday, August 2nd. The real estate investment trust reported $0.70 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.66 by $0.04. PennyMac Financial Services had a return on equity of 3.91% and a net margin of 11.03%. The business had revenue of $244.30 million for the quarter, compared to the consensus estimate of $241.49 million. equities analysts anticipate that PennyMac Financial Services Inc will post 2.63 EPS for the current fiscal year.

The business also recently disclosed a special dividend, which was paid on Thursday, August 30th. Stockholders of record on Monday, August 13th were given a $0.40 dividend. The ex-dividend date was Friday, August 10th.

About PennyMac Financial Services

PennyMac Financial Services, Inc, through its subsidiaries, engages in the mortgage banking and investment management activities in the United States. It operates through three segments: Loan Production, Loan Servicing, and Investment Management. The Loan Production segment is involved in the origination, acquisition, and sale of mortgage loans.

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Institutional Ownership by Quarter for PennyMac Financial Services (NYSE:PFSI)

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