Ocwen Financial Corp (NYSE:OCN) CEO Acquires $198,000.00 in Stock

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Ocwen Financial Corp (NYSE:OCN) CEO Glen A. Messina bought 132,000 shares of the business’s stock in a transaction dated Monday, August 12th. The shares were bought at an average cost of $1.50 per share, for a total transaction of $198,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Shares of Ocwen Financial stock opened at $1.39 on Friday. The stock’s fifty day moving average is $1.92 and its 200-day moving average is $1.86. The company has a quick ratio of 9.87, a current ratio of 9.87 and a debt-to-equity ratio of 18.07. Ocwen Financial Corp has a 12-month low of $1.20 and a 12-month high of $4.35.

Ocwen Financial (NYSE:OCN) last announced its earnings results on Tuesday, August 6th. The financial services provider reported ($0.67) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.36) by ($0.31). Ocwen Financial had a negative return on equity of 35.88% and a negative net margin of 15.76%. The company had revenue of $274.34 million for the quarter, compared to analyst estimates of $288.00 million. During the same period last year, the firm earned ($0.22) earnings per share. The firm’s revenue for the quarter was up 8.2% on a year-over-year basis.

Several hedge funds have recently modified their holdings of the company. Cooperman Leon G grew its holdings in shares of Ocwen Financial by 7.0% during the second quarter. Cooperman Leon G now owns 9,725,057 shares of the financial services provider’s stock valued at $20,131,000 after buying an additional 634,387 shares in the last quarter. BlackRock Inc. grew its stake in Ocwen Financial by 11.2% in the second quarter. BlackRock Inc. now owns 9,090,803 shares of the financial services provider’s stock valued at $18,818,000 after purchasing an additional 918,402 shares in the last quarter. Fortress Investment Group LLC purchased a new position in Ocwen Financial in the second quarter valued at about $12,015,000. Dimensional Fund Advisors LP grew its stake in Ocwen Financial by 0.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,312,717 shares of the financial services provider’s stock valued at $4,439,000 after purchasing an additional 12,477 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in Ocwen Financial by 13.5% in the second quarter. Charles Schwab Investment Management Inc. now owns 2,911,856 shares of the financial services provider’s stock valued at $6,028,000 after purchasing an additional 346,640 shares in the last quarter. Institutional investors and hedge funds own 57.24% of the company’s stock.

Separately, ValuEngine raised Ocwen Financial from a “hold” rating to a “buy” rating in a research report on Thursday, August 1st.

Ocwen Financial Company 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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Insider Buying and Selling by Quarter for Ocwen Financial (NYSE:OCN)

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