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.

A number of hedge funds have recently bought and sold shares of the stock. Public Employees Retirement System of Ohio lifted its stake in shares of Ocwen Financial by 26.8% during the 4th quarter. Public Employees Retirement System of Ohio now owns 28,872 shares of the financial services provider’s stock worth $39,000 after purchasing an additional 6,099 shares during the period. BNP Paribas Arbitrage SA lifted its stake in shares of Ocwen Financial by 89.4% during the 1st quarter. BNP Paribas Arbitrage SA now owns 30,143 shares of the financial services provider’s stock worth $55,000 after purchasing an additional 14,232 shares during the period. Sigma Planning Corp purchased a new position in shares of Ocwen Financial during the 1st quarter worth $65,000. JPMorgan Chase & Co. lifted its stake in shares of Ocwen Financial by 32.4% during the 2nd quarter. JPMorgan Chase & Co. now owns 37,958 shares of the financial services provider’s stock worth $74,000 after purchasing an additional 9,285 shares during the period. Finally, Metropolitan Life Insurance Co NY purchased a new position in shares of Ocwen Financial during the 1st quarter worth $78,000. 57.24% of the stock is currently owned by hedge funds and other institutional investors.

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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Insider Buying and Selling by Quarter for Ocwen Financial (NYSE:OCN)

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