Ocwen Financial Corp (NYSE:OCN) major shareholder Leon G. Cooperman acquired 494,459 shares of the business’s stock in a transaction on Tuesday, January 23rd. The shares were bought at an average price of $3.16 per share, for a total transaction of $1,562,490.44. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Large shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.
Shares of Ocwen Financial Corp (NYSE OCN) opened at $3.40 on Friday. The company has a debt-to-equity ratio of 9.82, a quick ratio of 5.07 and a current ratio of 5.07. The stock has a market capitalization of $444.92, a PE ratio of -4.53 and a beta of 1.54. Ocwen Financial Corp has a twelve month low of $2.12 and a twelve month high of $5.97.
Ocwen Financial (NYSE:OCN) last posted its quarterly earnings data on Thursday, November 2nd. The financial services provider reported ($0.23) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.38) by $0.15. Ocwen Financial had a negative return on equity of 19.14% and a negative net margin of 7.56%. equities analysts expect that Ocwen Financial Corp will post -1.11 earnings per share for the current year.
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Ocwen Financial Company Profile
Ocwen Financial Corporation is a financial services holding company. The Company, through its subsidiaries, originates and services loans. The Company’s segments include Servicing, Lending, and Corporate Items and Other. The Company’s Servicing segment consists of its residential servicing business. The Company’s Lending segment is focused on originating and purchasing conventional and government-insured residential forward and reverse mortgage loans.
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