Systematic Financial Management LP Purchases Shares of 54,235 PennyMac Financial Services Inc (PFSI)

Systematic Financial Management LP purchased a new stake in PennyMac Financial Services Inc (NYSE:PFSI) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 54,235 shares of the real estate investment trust’s stock, valued at approximately $1,134,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. First Trust Advisors LP grew its position in PennyMac Financial Services by 25.8% during the second quarter. First Trust Advisors LP now owns 25,310 shares of the real estate investment trust’s stock worth $497,000 after buying an additional 5,195 shares in the last quarter. Globeflex Capital L P grew its position in PennyMac Financial Services by 7.2% during the second quarter. Globeflex Capital L P now owns 62,661 shares of the real estate investment trust’s stock worth $1,231,000 after buying an additional 4,182 shares in the last quarter. MetLife Investment Advisors LLC grew its position in PennyMac Financial Services by 75.5% during the second quarter. MetLife Investment Advisors LLC now owns 12,814 shares of the real estate investment trust’s stock worth $252,000 after buying an additional 5,514 shares in the last quarter. Adams Diversified Equity Fund Inc. purchased a new position in PennyMac Financial Services during the second quarter worth about $625,000. Finally, Long Pond Capital LP purchased a new position in PennyMac Financial Services during the second quarter worth about $12,281,000. Institutional investors own 90.12% of the company’s stock.

Shares of PFSI stock opened at $19.47 on Thursday. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.18 and a quick ratio of 0.18. PennyMac Financial Services Inc has a 12-month low of $18.77 and a 12-month high of $25.20. The stock has a market cap of $488.63 million, a price-to-earnings ratio of 8.85, a PEG ratio of 0.77 and a beta of 0.68.

PennyMac Financial Services (NYSE:PFSI) last issued its quarterly earnings results on Thursday, November 1st. The real estate investment trust reported $0.57 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.56 by $0.01. PennyMac Financial Services had a return on equity of 3.66% and a net margin of 10.78%. The firm had revenue of $250.93 million during the quarter, compared to analyst estimates of $232.08 million. Equities research analysts anticipate that PennyMac Financial Services Inc will post 2.53 earnings per share for the current fiscal year.

In other PennyMac Financial Services news, insider Anne Mccallion sold 5,000 shares of PennyMac Financial Services stock in a transaction dated Wednesday, September 12th. The stock was sold at an average price of $21.68, for a total transaction of $108,400.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In the last ninety days, insiders have sold 25,000 shares of company stock valued at $511,850. Corporate insiders own 45.64% of the company’s stock.

Several equities analysts recently commented on PFSI shares. Zacks Investment Research cut PennyMac Financial Services from a “hold” rating to a “sell” rating in a research report on Thursday, October 4th. ValuEngine cut PennyMac Financial Services from a “buy” rating to a “hold” rating in a research report on Friday, October 12th. Barclays reduced their target price on PennyMac Financial Services from $24.00 to $23.00 and set a “buy” rating for the company in a research report on Wednesday, October 24th. Finally, Compass Point restated a “hold” rating and set a $23.00 target price on shares of PennyMac Financial Services in a research report on Tuesday, August 7th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $24.60.

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PennyMac Financial Services Company Profile

PennyMac Financial Services, Inc, through its subsidiaries, engages in the mortgage banking and investment management activities in the United States. It operates through three segments: Loan Production, Loan Servicing, and Investment Management. The Loan Production segment is involved in the origination, acquisition, and sale of mortgage loans.

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Institutional Ownership by Quarter for PennyMac Financial Services (NYSE:PFSI)

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