$OCN @ 2.76
Arthur C. Walker, Jr. Purchases 10,000 Shares of Ocwen Financial Corp (OCN) Stock
Posted by Taylor Nule on Mar 8th, 2016 // No Comments
Ocwen Financial Corp logoOcwen Financial Corp (NYSE:OCN) SVP Arthur C. Walker, Jr. acquired 10,000 shares of the company’s stock in a transaction that occurred on Thursday, March 3rd. The stock was purchased at an average cost of $2.27 per share, with a total value of $22,700.00. Following the completion of the purchase, the senior vice president now directly owns 14,979 shares in the company, valued at $34,002.33. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink.
A number of hedge funds have recently made changes to their positions in the stock. Nordea Investment Management AB increased its stake in shares of Ocwen Financial Corp by 71.9% in the fourth quarter. Nordea Investment Management AB now owns 192,850 shares of the company’s stock valued at $1,344,000 after buying an additional 80,672 shares during the period. Gargoyle Investment Advisor L.L.C. purchased a new stake in shares of Ocwen Financial Corp during the fourth quarter valued at about $271,000. Thompson Siegel & Walmsley LLC increased its stake in shares of Ocwen Financial Corp by 10.9% in the fourth quarter. Thompson Siegel & Walmsley LLC now owns 3,377,685 shares of the company’s stock valued at $23,542,000 after buying an additional 331,475 shares during the period. Nationwide Fund Advisors increased its stake in shares of Ocwen Financial Corp by 12.5% in the fourth quarter. Nationwide Fund Advisors now owns 356,363 shares of the company’s stock valued at $2,484,000 after buying an additional 39,477 shares during the period. Finally, California State Teachers Retirement System increased its stake in shares of Ocwen Financial Corp by 1.8% in the fourth quarter. California State Teachers Retirement System now owns 199,120 shares of the company’s stock valued at $1,388,000 after buying an additional 3,606 shares during the period.
A number of equities research analysts have commented on the company. Compass Point reiterated a “neutral” rating and set a $4.00 target price (down previously from $8.00) on shares of Ocwen Financial Corp in a report on Thursday, March 3rd. Zacks Investment Research cut Ocwen Financial Corp from a “buy” rating to a “hold” rating in a report on Thursday, December 31st. Piper Jaffray assumed coverage on Ocwen Financial Corp in a report on Friday, December 11th. They set a “neutral” rating and a $6.50 target price on the stock. Oppenheimer reiterated a “market perform” rating on shares of Ocwen Financial Corp in a report on Tuesday, March 1st. Finally, Bank of America reiterated an “underperform” rating and set a $2.00 target price (down previously from $8.00) on shares of Ocwen Financial Corp in a report on Thursday, March 3rd. Four analysts have rated the stock with a sell rating and eight have given a hold rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $10.25.
Shares of Ocwen Financial Corp (NYSE:OCN) opened at 2.76 on Tuesday. The stock’s 50 day moving average price is $4.91 and its 200-day moving average price is $6.51. Ocwen Financial Corp has a 12 month low of $2.05 and a 12 month high of $11.82. The stock’s market capitalization is $344.38 million.
Ocwen Financial Corp (NYSE:OCN) last announced its earnings results on Monday, February 29th. The company reported ($1.79) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.29) by $1.50. During the same quarter in the prior year, the business posted $4.16 earnings per share. The business had revenue of $362.46 million for the quarter, compared to the consensus estimate of $367.60 million. The firm’s revenue for the quarter was down 26.5% on a year-over-year basis. Equities analysts forecast that Ocwen Financial Corp will post ($0.41) earnings per share for the current fiscal year.
Ocwen Financial Corporation (NYSE:OCN) is a financial services holding company. The Company, through its subsidiaries operates as a mortgage company. The Company operates in segments, including Servicing and Lending. The Company’s Servicing business consists of its residential mortgage servicing business.
12 Month Chart for NYSE:OCN
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Arthur C. Walker, Jr. Purchases 10,000 Shares of Ocwen Financial Corp (OCN) Stock
Posted by Taylor Nule on Mar 8th, 2016 // No Comments
Ocwen Financial Corp logoOcwen Financial Corp (NYSE:OCN) SVP Arthur C. Walker, Jr. acquired 10,000 shares of the company’s stock in a transaction that occurred on Thursday, March 3rd. The stock was purchased at an average cost of $2.27 per share, with a total value of $22,700.00. Following the completion of the purchase, the senior vice president now directly owns 14,979 shares in the company, valued at $34,002.33. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink.
A number of hedge funds have recently made changes to their positions in the stock. Nordea Investment Management AB increased its stake in shares of Ocwen Financial Corp by 71.9% in the fourth quarter. Nordea Investment Management AB now owns 192,850 shares of the company’s stock valued at $1,344,000 after buying an additional 80,672 shares during the period. Gargoyle Investment Advisor L.L.C. purchased a new stake in shares of Ocwen Financial Corp during the fourth quarter valued at about $271,000. Thompson Siegel & Walmsley LLC increased its stake in shares of Ocwen Financial Corp by 10.9% in the fourth quarter. Thompson Siegel & Walmsley LLC now owns 3,377,685 shares of the company’s stock valued at $23,542,000 after buying an additional 331,475 shares during the period. Nationwide Fund Advisors increased its stake in shares of Ocwen Financial Corp by 12.5% in the fourth quarter. Nationwide Fund Advisors now owns 356,363 shares of the company’s stock valued at $2,484,000 after buying an additional 39,477 shares during the period. Finally, California State Teachers Retirement System increased its stake in shares of Ocwen Financial Corp by 1.8% in the fourth quarter. California State Teachers Retirement System now owns 199,120 shares of the company’s stock valued at $1,388,000 after buying an additional 3,606 shares during the period.
A number of equities research analysts have commented on the company. Compass Point reiterated a “neutral” rating and set a $4.00 target price (down previously from $8.00) on shares of Ocwen Financial Corp in a report on Thursday, March 3rd. Zacks Investment Research cut Ocwen Financial Corp from a “buy” rating to a “hold” rating in a report on Thursday, December 31st. Piper Jaffray assumed coverage on Ocwen Financial Corp in a report on Friday, December 11th. They set a “neutral” rating and a $6.50 target price on the stock. Oppenheimer reiterated a “market perform” rating on shares of Ocwen Financial Corp in a report on Tuesday, March 1st. Finally, Bank of America reiterated an “underperform” rating and set a $2.00 target price (down previously from $8.00) on shares of Ocwen Financial Corp in a report on Thursday, March 3rd. Four analysts have rated the stock with a sell rating and eight have given a hold rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $10.25.
Shares of Ocwen Financial Corp (NYSE:OCN) opened at 2.76 on Tuesday. The stock’s 50 day moving average price is $4.91 and its 200-day moving average price is $6.51. Ocwen Financial Corp has a 12 month low of $2.05 and a 12 month high of $11.82. The stock’s market capitalization is $344.38 million.
Ocwen Financial Corp (NYSE:OCN) last announced its earnings results on Monday, February 29th. The company reported ($1.79) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.29) by $1.50. During the same quarter in the prior year, the business posted $4.16 earnings per share. The business had revenue of $362.46 million for the quarter, compared to the consensus estimate of $367.60 million. The firm’s revenue for the quarter was down 26.5% on a year-over-year basis. Equities analysts forecast that Ocwen Financial Corp will post ($0.41) earnings per share for the current fiscal year.
Ocwen Financial Corporation (NYSE:OCN) is a financial services holding company. The Company, through its subsidiaries operates as a mortgage company. The Company operates in segments, including Servicing and Lending. The Company’s Servicing business consists of its residential mortgage servicing business.
12 Month Chart for NYSE:OCN
Frustrated with your broker? Are you tired of paying high fees? Do you feel like you are getting ripped off by your stock broker? It's time for a change. Find out which brokerage is best for your personal trading style at the InvestorPlace Broker Center. Compare brokers at a glance in the InvestorPlace Broker Center (Click Here).
Receive News & Ratings for Ocwen Financial Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ocwen Financial Corp and related companies with MarketBeat.com's FREE daily email newsletter.
I'm in it to win it!
NASDAQ DIP and RIP
Here is the best word that describes what i do here.
Intuitive;
means having the ability to understand or know something without any direct evidence or reasoning process.
I was born with it, I'm truly blessed!
Alway's searching for winners'
NASDAQ DIP and RIP
Here is the best word that describes what i do here.
Intuitive;
means having the ability to understand or know something without any direct evidence or reasoning process.
I was born with it, I'm truly blessed!
Alway's searching for winners'
