Numeric Investors LLC lifted its position in PennyMac Financial Services, Inc. (NYSE:PFSI) by 72.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 776,152 shares of the real estate investment trust’s stock after purchasing an additional 325,169 shares during the quarter. Numeric Investors LLC owned about 3.30% of PennyMac Financial Services worth $12,962,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the company. Voya Investment Management LLC purchased a new position in PennyMac Financial Services during the second quarter valued at approximately $174,000. Dimensional Fund Advisors LP raised its position in PennyMac Financial Services by 31.4% during the second quarter. Dimensional Fund Advisors LP now owns 531,824 shares of the real estate investment trust’s stock valued at $8,882,000 after acquiring an additional 127,022 shares in the last quarter. Parametric Portfolio Associates LLC raised its position in PennyMac Financial Services by 183.2% during the second quarter. Parametric Portfolio Associates LLC now owns 84,188 shares of the real estate investment trust’s stock valued at $1,406,000 after acquiring an additional 54,460 shares in the last quarter. Vanguard Group Inc. raised its position in PennyMac Financial Services by 5.8% during the second quarter. Vanguard Group Inc. now owns 1,634,763 shares of the real estate investment trust’s stock valued at $27,301,000 after acquiring an additional 90,238 shares in the last quarter. Finally, Northern Trust Corp raised its position in PennyMac Financial Services by 12.9% during the second quarter. Northern Trust Corp now owns 188,164 shares of the real estate investment trust’s stock valued at $3,143,000 after acquiring an additional 21,525 shares in the last quarter. Hedge funds and other institutional investors own 86.57% of the company’s stock.

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Shares of PennyMac Financial Services, Inc. (PFSI) traded down 0.56% during mid-day trading on Friday, reaching $17.80. The company’s stock had a trading volume of 109,976 shares. The company has a market capitalization of $418.48 million, a price-to-earnings ratio of 6.02 and a beta of 0.61. The company’s 50 day moving average price is $17.11 and its 200-day moving average price is $16.88. PennyMac Financial Services, Inc. has a 1-year low of $15.65 and a 1-year high of $19.35.

PennyMac Financial Services (NYSE:PFSI) last posted its quarterly earnings data on Thursday, August 3rd. The real estate investment trust reported $0.44 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.66 by ($0.22). The company had revenue of $201.72 million for the quarter, compared to analysts’ expectations of $181.89 million. PennyMac Financial Services had a net margin of 6.87% and a return on equity of 4.79%. Analysts predict 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 initiated a share repurchase program on Wednesday, June 21st that allows the company to buyback $50.00 million in shares. This buyback authorization allows the real estate investment trust to repurchase up to 137% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s management believes its stock is undervalued.

Several research analysts recently weighed in on PFSI shares. Zacks Investment Research cut PennyMac Financial Services from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. ValuEngine upgraded PennyMac Financial Services from a “buy” rating to a “strong-buy” rating in a research report on Friday, June 23rd. TheStreet cut PennyMac Financial Services from a “b-” rating to a “c+” rating in a research report on Friday, June 2nd. Piper Jaffray Companies reiterated a “buy” rating on shares of PennyMac Financial Services in a research report on Tuesday, September 19th. Finally, BidaskClub upgraded PennyMac Financial Services from a “sell” rating to a “hold” rating in a research report on Wednesday. Two analysts have rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the company’s stock. PennyMac Financial Services presently has an average rating of “Hold” and an average price target of $19.80.

In other PennyMac Financial Services news, insider David M. Walker sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, September 7th. The stock was sold at an average price of $16.72, for a total transaction of $83,600.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Jeffrey Grogin sold 18,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 5th. The shares were sold at an average price of $17.04, for a total value of $306,720.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 162,553 shares of company stock valued at $2,785,687. 45.64% of the stock is owned by company insiders.

About PennyMac Financial Services

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.

Institutional Ownership by Quarter for PennyMac Financial Services (NYSE:PFSI)

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