$OCN @ 2.76 Arthur C. Walker, Jr. Purchases 10,
Post# of 22755
Posted On: 03/08/2016 9:01:53 AM
$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.
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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'
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