Ocwen Financial Corp (NYSE:OCN) Director Phyllis R. Caldwell Acquires 52,163 Shares
Ocwen Financial Corp (NYSE:OCN) Director Phyllis R. Caldwell bought 52,163 shares of Ocwen Financial stock in a transaction that occurred on Friday, August 9th. The stock was bought at an average cost of $1.47 per share, for a total transaction of $76,679.61. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
OCN stock traded up $0.03 on Tuesday, reaching $1.51. The company had a trading volume of 183,629 shares, compared to its average volume of 558,627. Ocwen Financial Corp has a 1 year low of $1.20 and a 1 year high of $4.35. The company has a debt-to-equity ratio of 18.07, a quick ratio of 9.87 and a current ratio of 9.87. The firm’s fifty day moving average price is $1.94.
Ocwen Financial (NYSE:OCN) last posted 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 net margin of 15.76% and a negative return on equity of 35.88%. The company had revenue of $274.34 million during the quarter, compared to analysts’ expectations of $288.00 million. During the same period in the previous year, the company posted ($0.22) EPS. Ocwen Financial’s quarterly revenue was up 8.2% compared to the same quarter last year.
Separately, ValuEngine raised Ocwen Financial from a “hold” rating to a “buy” rating in a research note 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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