PennyMac Financial Services, Inc. (NYSE:PFSI) insider Jeffrey Grogin sold 3,000 shares of the company’s stock in a transaction dated Tuesday, September 12th. The shares were sold at an average price of $16.87, for a total transaction of $50,610.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Jeffrey Grogin also recently made the following trade(s):

  • On Monday, September 11th, Jeffrey Grogin sold 3,000 shares of PennyMac Financial Services stock. The shares were sold at an average price of $16.60, for a total value of $49,800.00.
  • On Wednesday, September 13th, Jeffrey Grogin sold 9,000 shares of PennyMac Financial Services stock. The shares were sold at an average price of $16.76, for a total value of $150,840.00.
  • On Friday, September 8th, Jeffrey Grogin sold 9,000 shares of PennyMac Financial Services stock. The shares were sold at an average price of $16.72, for a total value of $150,480.00.
  • On Tuesday, September 5th, Jeffrey Grogin sold 18,000 shares of PennyMac Financial Services stock. The shares were sold at an average price of $17.04, for a total value of $306,720.00.
  • On Tuesday, August 29th, Jeffrey Grogin sold 6,000 shares of PennyMac Financial Services stock. The shares were sold at an average price of $16.86, for a total value of $101,160.00.
  • On Wednesday, August 30th, Jeffrey Grogin sold 12,000 shares of PennyMac Financial Services stock. The shares were sold at an average price of $17.01, for a total value of $204,120.00.

PennyMac Financial Services, Inc. (NYSE:PFSI) traded down 0.29% during mid-day trading on Friday, reaching $17.15. The company had a trading volume of 218,061 shares. PennyMac Financial Services, Inc. has a one year low of $15.65 and a one year high of $19.35. The firm’s 50-day moving average is $17.09 and its 200-day moving average is $16.90. The firm has a market capitalization of $403.20 million, a P/E ratio of 5.80 and a beta of 0.61.

PennyMac Financial Services (NYSE:PFSI) last announced its earnings results on Thursday, August 3rd. The real estate investment trust reported $0.44 earnings per share for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.22). The business had revenue of $201.72 million during the quarter, compared to the consensus estimate of $181.89 million. PennyMac Financial Services had a return on equity of 4.79% and a net margin of 6.87%. On average, equities research analysts anticipate that PennyMac Financial Services, Inc. will post $2.64 earnings per share for the current fiscal year.

PennyMac Financial Services declared that its Board of Directors has authorized a share repurchase program on Wednesday, June 21st that allows the company to repurchase $50.00 million in outstanding shares. This repurchase authorization allows the real estate investment trust to purchase up to 137% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s leadership believes its shares are undervalued.

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A number of analysts have recently commented on the company. ValuEngine cut PennyMac Financial Services from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 17th. Zacks Investment Research cut PennyMac Financial Services from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. Finally, TheStreet cut PennyMac Financial Services from a “b-” rating to a “c+” rating in a research note on Friday, June 2nd. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $19.80.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Alps Advisors Inc. increased its stake in PennyMac Financial Services by 0.3% in the 2nd quarter. Alps Advisors Inc. now owns 27,680 shares of the real estate investment trust’s stock worth $462,000 after acquiring an additional 72 shares during the last quarter. American International Group Inc. increased its position in shares of PennyMac Financial Services by 7.2% during the 1st quarter. American International Group Inc. now owns 8,384 shares of the real estate investment trust’s stock valued at $143,000 after purchasing an additional 562 shares during the last quarter. California State Teachers Retirement System increased its position in shares of PennyMac Financial Services by 2.9% during the 2nd quarter. California State Teachers Retirement System now owns 28,126 shares of the real estate investment trust’s stock valued at $470,000 after purchasing an additional 800 shares during the last quarter. Strs Ohio increased its position in shares of PennyMac Financial Services by 2.7% during the 2nd quarter. Strs Ohio now owns 38,700 shares of the real estate investment trust’s stock valued at $646,000 after purchasing an additional 1,000 shares during the last quarter. Finally, Victory Capital Management Inc. increased its position in shares of PennyMac Financial Services by 17.6% during the 2nd quarter. Victory Capital Management Inc. now owns 6,964 shares of the real estate investment trust’s stock valued at $116,000 after purchasing an additional 1,042 shares during the last quarter. Institutional investors and hedge funds own 86.57% of the company’s stock.

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.

Insider Buying and Selling by Quarter for PennyMac Financial Services (NYSE:PFSI)

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