Ocwen Financial Corp (NYSE:OCN)’s share price reached a new 52-week low on Thursday . The company traded as low as $2.85 and last traded at $2.90, with a volume of 1713270 shares traded. The stock had previously closed at $3.08.

OCN has been the topic of a number of recent research reports. ValuEngine upgraded shares of Ocwen Financial from a “hold” rating to a “buy” rating in a research report on Thursday, November 1st. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $4.00 target price on shares of Ocwen Financial in a report on Thursday.

The company has a quick ratio of 7.67, a current ratio of 8.31 and a debt-to-equity ratio of 11.76.

Ocwen Financial (NYSE:OCN) last posted its earnings results on Tuesday, November 6th. The financial services provider reported ($0.31) earnings per share for the quarter, missing the consensus estimate of ($0.16) by ($0.15). The firm had revenue of $238.30 million during the quarter, compared to analyst estimates of $241.00 million. Ocwen Financial had a negative net margin of 10.97% and a negative return on equity of 13.76%. The business’s revenue for the quarter was down 16.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.05) earnings per share.

A number of large investors have recently bought and sold shares of the business. BlackRock Inc. boosted its holdings in Ocwen Financial by 20.9% in the 2nd quarter. BlackRock Inc. now owns 8,319,364 shares of the financial services provider’s stock valued at $32,946,000 after purchasing an additional 1,436,871 shares during the last quarter. Northern Trust Corp boosted its holdings in Ocwen Financial by 4.0% in the 2nd quarter. Northern Trust Corp now owns 2,324,420 shares of the financial services provider’s stock valued at $9,205,000 after purchasing an additional 88,798 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in Ocwen Financial by 37.7% in the 2nd quarter. Renaissance Technologies LLC now owns 2,147,333 shares of the financial services provider’s stock valued at $8,503,000 after purchasing an additional 587,800 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its holdings in Ocwen Financial by 5.7% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 1,765,746 shares of the financial services provider’s stock valued at $6,993,000 after purchasing an additional 95,822 shares during the last quarter. Finally, CQS Cayman LP boosted its holdings in Ocwen Financial by 4.9% in the 3rd quarter. CQS Cayman LP now owns 1,643,449 shares of the financial services provider’s stock valued at $6,475,000 after purchasing an additional 77,400 shares during the last quarter. Institutional investors own 61.02% of the company’s stock.

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About Ocwen Financial (NYSE:OCN)

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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