Ocwen Financial (NYSE:OCN) is scheduled to be issuing its quarterly earnings data before the market opens on Wednesday, February 27th.
NYSE OCN opened at $2.11 on Thursday. Ocwen Financial has a 52 week low of $1.20 and a 52 week high of $4.84. The company has a current ratio of 8.31, a quick ratio of 8.31 and a debt-to-equity ratio of 11.76.
In related news, major shareholder Leon G. Cooperman sold 200,000 shares of the company’s stock in a transaction on Monday, December 3rd. The stock was sold at an average price of $2.05, for a total transaction of $410,000.00. Following the completion of the sale, the insider now owns 1,000,000 shares in the company, valued at $2,050,000. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Leon G. Cooperman sold 425,000 shares of the company’s stock in a transaction on Thursday, December 6th. The stock was sold at an average price of $1.95, for a total value of $828,750.00. Following the sale, the insider now owns 1,000,000 shares of the company’s stock, valued at approximately $1,950,000. The disclosure for this sale can be found here. Corporate insiders own 0.70% of the company’s stock.
OCN has been the subject of several recent research reports. ValuEngine upgraded Ocwen Financial from a “hold” rating to a “buy” rating in a report on Thursday, November 1st. BTIG Research initiated coverage on Ocwen Financial in a report on Thursday, November 29th. They set a “neutral” rating for the company. Finally, Keefe, Bruyette & Woods restated a “hold” rating and set a $4.00 price objective on shares of Ocwen Financial in a report on Thursday, November 8th.
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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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