Jeffrey Grogin Sells 10,000 Shares of PennyMac Financial Services Inc (PFSI) Stock

PennyMac Financial Services Inc (NYSE:PFSI) insider Jeffrey Grogin sold 10,000 shares of PennyMac Financial Services stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $22.33, for a total transaction of $223,300.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Jeffrey Grogin also recently made the following trade(s):

  • On Monday, January 29th, Jeffrey Grogin sold 5,000 shares of PennyMac Financial Services stock. The shares were sold at an average price of $22.26, for a total transaction of $111,300.00.
  • On Wednesday, January 31st, Jeffrey Grogin sold 15,000 shares of PennyMac Financial Services stock. The shares were sold at an average price of $22.20, for a total transaction of $333,000.00.
  • On Friday, January 26th, Jeffrey Grogin sold 5,000 shares of PennyMac Financial Services stock. The shares were sold at an average price of $22.65, for a total transaction of $113,250.00.

Shares of PennyMac Financial Services Inc (NYSE:PFSI) opened at $21.70 on Thursday. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 1.66. PennyMac Financial Services Inc has a 52 week low of $15.65 and a 52 week high of $24.00. The company has a market cap of $504.18, a PE ratio of 8.26, a P/E/G ratio of 1.39 and a beta of 0.64.

Several hedge funds and other institutional investors have recently made changes to their positions in PFSI. Mangrove Partners acquired a new stake in shares of PennyMac Financial Services in the third quarter valued at about $12,760,000. Dimensional Fund Advisors LP lifted its stake in shares of PennyMac Financial Services by 31.4% in the second quarter. Dimensional Fund Advisors LP now owns 531,824 shares of the real estate investment trust’s stock valued at $8,882,000 after purchasing an additional 127,022 shares during the period. Vanguard Group Inc. lifted its stake in shares of PennyMac Financial Services by 5.8% in the second quarter. Vanguard Group Inc. now owns 1,634,763 shares of the real estate investment trust’s stock valued at $27,301,000 after purchasing an additional 90,238 shares during the period. Parametric Portfolio Associates LLC lifted its stake in shares of PennyMac Financial Services by 183.2% in the second quarter. Parametric Portfolio Associates LLC now owns 84,188 shares of the real estate investment trust’s stock valued at $1,406,000 after purchasing an additional 54,460 shares during the period. Finally, Goldman Sachs Group Inc. lifted its stake in shares of PennyMac Financial Services by 275.7% in the second quarter. Goldman Sachs Group Inc. now owns 50,305 shares of the real estate investment trust’s stock valued at $840,000 after purchasing an additional 36,915 shares during the period. Hedge funds and other institutional investors own 89.53% of the company’s stock.

Several analysts have recently weighed in on the stock. Keefe, Bruyette & Woods downgraded shares of PennyMac Financial Services from an “outperform” rating to a “market perform” rating in a report on Monday, January 8th. Zacks Investment Research upgraded shares of PennyMac Financial Services from a “hold” rating to a “buy” rating and set a $27.00 price objective for the company in a research note on Saturday, January 6th. ValuEngine upgraded shares of PennyMac Financial Services from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, November 15th. Finally, Barclays set a $25.00 price objective on shares of PennyMac Financial Services and gave the company a “buy” rating in a research note on Tuesday, December 12th. Four equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $23.50.

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About PennyMac Financial Services

PennyMac Financial Services, Inc (PFSI) is a financial services company. The Company is focused on the production and servicing of the United States residential mortgage loans and the management of investments related to the United States mortgage market. The Company operates through three segments: loan production, loan servicing and investment management.

Insider Buying and Selling by Quarter for PennyMac Financial Services (NYSE:PFSI)

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