PennyMac Financial Services Inc (NYSE:PFSI) insider David M. Walker sold 5,000 shares of PennyMac Financial Services stock in a transaction dated Thursday, March 22nd. The shares were sold at an average price of $23.37, for a total value of $116,850.00. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
David M. Walker also recently made the following trade(s):
- On Tuesday, March 6th, David M. Walker sold 10,000 shares of PennyMac Financial Services stock. The shares were sold at an average price of $23.56, for a total value of $235,600.00.
- On Tuesday, January 9th, David M. Walker sold 10,000 shares of PennyMac Financial Services stock. The shares were sold at an average price of $22.59, for a total value of $225,900.00.
PennyMac Financial Services stock opened at $22.60 on Friday. The company has a quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of 1.70. PennyMac Financial Services Inc has a 52 week low of $15.65 and a 52 week high of $25.20. The firm has a market capitalization of $531.76, a PE ratio of 9.96, a P/E/G ratio of 1.45 and a beta of 0.56.
Several institutional investors have recently made changes to their positions in PFSI. Mangrove Partners purchased a new position in shares of PennyMac Financial Services in the 3rd quarter valued at about $12,760,000. Basswood Capital Management L.L.C. increased its stake in shares of PennyMac Financial Services by 11.8% in the 4th quarter. Basswood Capital Management L.L.C. now owns 1,784,748 shares of the real estate investment trust’s stock valued at $39,889,000 after purchasing an additional 188,309 shares in the last quarter. Renaissance Technologies LLC purchased a new position in shares of PennyMac Financial Services in the 4th quarter valued at about $2,534,000. Martingale Asset Management L P purchased a new position in shares of PennyMac Financial Services in the 4th quarter valued at about $2,509,000. Finally, Dimensional Fund Advisors LP increased its stake in shares of PennyMac Financial Services by 17.7% in the 3rd quarter. Dimensional Fund Advisors LP now owns 625,742 shares of the real estate investment trust’s stock valued at $11,138,000 after purchasing an additional 93,918 shares in the last quarter. Hedge funds and other institutional investors own 93.29% of the company’s stock.
PFSI has been the subject of a number of recent research reports. Zacks Investment Research upgraded PennyMac Financial Services from a “hold” rating to a “buy” rating and set a $25.00 price objective for the company in a research note on Tuesday, December 26th. Barclays set a $25.00 price objective on PennyMac Financial Services and gave the company a “buy” rating in a research note on Tuesday, December 12th. Wedbush assumed coverage on PennyMac Financial Services in a research note on Friday, February 16th. They set an “outperform” rating and a $30.00 price objective for the company. Finally, Keefe, Bruyette & Woods lowered PennyMac Financial Services from an “outperform” rating to a “market perform” rating in a research note on Monday, January 8th. One research analyst has rated the stock with a sell rating, two have given a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $26.00.
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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.
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