Nomura Holdings Inc. bought a new position in shares of Ocwen Financial Corp (NYSE:OCN) during the fourth quarter, HoldingsChannel.com reports. The firm bought 1,323,130 shares of the financial services provider’s stock, valued at approximately $1,821,000.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in OCN. Marshall Wace LLP acquired a new stake in Ocwen Financial during the third quarter worth approximately $70,000. Canada Pension Plan Investment Board purchased a new position in Ocwen Financial during the fourth quarter worth approximately $134,000. PEAK6 Investments LLC purchased a new position in Ocwen Financial during the third quarter worth approximately $161,000. PNC Financial Services Group Inc. raised its stake in Ocwen Financial by 62,682.4% during the third quarter. PNC Financial Services Group Inc. now owns 57,132 shares of the financial services provider’s stock worth $225,000 after purchasing an additional 57,041 shares during the period. Finally, Rhumbline Advisers raised its stake in Ocwen Financial by 40.8% during the fourth quarter. Rhumbline Advisers now owns 172,243 shares of the financial services provider’s stock worth $231,000 after purchasing an additional 49,881 shares during the period. Hedge funds and other institutional investors own 65.00% of the company’s stock.
In other Ocwen Financial news, major shareholder Leon G. Cooperman bought 250,000 shares of the business’s stock in a transaction dated Monday, January 28th. The shares were acquired at an average price of $1.67 per share, with a total value of $417,500.00. Following the purchase, the insider now owns 1,000,000 shares in the company, valued at approximately $1,670,000. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, major shareholder Leon G. Cooperman bought 275,007 shares of the business’s stock in a transaction dated Thursday, February 7th. The stock was acquired at an average cost of $1.67 per share, for a total transaction of $459,261.69. Following the purchase, the insider now owns 1,000,000 shares in the company, valued at approximately $1,670,000. The disclosure for this purchase can be found here. Company insiders own 0.70% of the company’s stock.
Separately, BTIG Research began coverage on shares of Ocwen Financial in a research note on Thursday, November 29th. They set a “neutral” rating on the stock.
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Ocwen Financial 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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