Ocwen Financial Corp (NYSE:OCN) Director Phyllis R. Caldwell bought 52,163 shares of the firm’s stock in a transaction that occurred on Friday, August 9th. The stock was purchased at an average price of $1.47 per share, with a total value of $76,679.61. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Shares of NYSE OCN opened at $1.39 on Friday. The firm has a fifty day moving average of $1.92 and a 200 day moving average of $1.86. The company has a debt-to-equity ratio of 18.07, a current ratio of 9.87 and a quick ratio of 9.87. Ocwen Financial Corp has a one year low of $1.20 and a one year high of $4.35.
Ocwen Financial (NYSE:OCN) last issued its quarterly earnings results on Tuesday, August 6th. The financial services provider reported ($0.67) EPS for the quarter, missing the consensus estimate of ($0.36) by ($0.31). The company had revenue of $274.34 million during the quarter, compared to analysts’ expectations of $288.00 million. Ocwen Financial had a negative return on equity of 35.88% and a negative net margin of 15.76%. Ocwen Financial’s revenue was up 8.2% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.22) EPS.
A number of hedge funds and other institutional investors have recently modified their holdings of OCN. Fortress Investment Group LLC purchased a new stake in Ocwen Financial in the 2nd quarter worth $12,015,000. BlackRock Inc. increased its holdings in Ocwen Financial by 11.2% in the 2nd quarter. BlackRock Inc. now owns 9,090,803 shares of the financial services provider’s stock worth $18,818,000 after acquiring an additional 918,402 shares in the last quarter. Cooperman Leon G increased its holdings in Ocwen Financial by 7.0% in the 2nd quarter. Cooperman Leon G now owns 9,725,057 shares of the financial services provider’s stock worth $20,131,000 after acquiring an additional 634,387 shares in the last quarter. Marshall Wace LLP increased its holdings in Ocwen Financial by 128.5% in the 1st quarter. Marshall Wace LLP now owns 631,418 shares of the financial services provider’s stock worth $1,149,000 after acquiring an additional 355,052 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in Ocwen Financial by 13.5% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 2,911,856 shares of the financial services provider’s stock worth $6,028,000 after acquiring an additional 346,640 shares in the last quarter. 57.24% of the stock is owned by institutional investors.
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.
See Also: What is Liquidity?
Receive News & Ratings for Ocwen Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ocwen Financial and related companies with MarketBeat.com's FREE daily email newsletter.