Ocwen Financial Corp (NYSE:OCN) Director Jenne K. Britell acquired 31,600 shares of the stock in a transaction dated Monday, August 19th. The stock was bought at an average cost of $1.59 per share, with a total value of $50,244.00. Following the completion of the purchase, the director now directly owns 74,278 shares in the company, valued at $118,102.02. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
NYSE OCN traded up $0.05 on Tuesday, reaching $1.63. 216,115 shares of the stock traded hands, compared to its average volume of 558,759. The company has a current ratio of 9.87, a quick ratio of 9.87 and a debt-to-equity ratio of 18.07. The company has a fifty day moving average price of $1.88 and a 200-day moving average price of $1.86. Ocwen Financial Corp has a 12 month low of $1.20 and a 12 month high of $4.35.
Ocwen Financial (NYSE:OCN) last issued its earnings results on Tuesday, August 6th. The financial services provider reported ($0.67) earnings per share for the quarter, missing the Zacks’ consensus estimate 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 firm had revenue of $274.34 million for the quarter, compared to the consensus estimate of $288.00 million. During the same period last year, the firm earned ($0.22) earnings per share. The company’s revenue for the quarter was up 8.2% on a year-over-year basis.
Separately, ValuEngine raised Ocwen Financial from a “hold” rating to a “buy” rating in a research note on Thursday, August 1st.
About Ocwen Financial
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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