Ocwen Financial Corp (NYSE:OCN) Director Robert J. Lipstein purchased 161,105 shares of the firm’s stock in a transaction on Monday, August 12th. The stock was acquired at an average price of $1.55 per share, for a total transaction of $249,712.75. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Ocwen Financial stock opened at $1.39 on Friday. The company has a debt-to-equity ratio of 18.07, a quick ratio of 9.87 and a current ratio of 9.87. Ocwen Financial Corp has a 1 year low of $1.20 and a 1 year high of $4.35. The firm’s 50 day moving average price is $1.92 and its two-hundred day moving average price is $1.86.
Ocwen Financial (NYSE:OCN) last posted its quarterly earnings results 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 business had revenue of $274.34 million during the quarter, compared to analyst estimates of $288.00 million. Ocwen Financial had a negative return on equity of 35.88% and a negative net margin of 15.76%. The company’s quarterly revenue was up 8.2% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.22) EPS.
Separately, ValuEngine upgraded shares of Ocwen Financial from a “hold” rating to a “buy” rating in a research report on Thursday, August 1st.
About Ocwen Financial
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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