AlphaOne also assigned news articles about the financial services provider an impact score of 77 out of 100, indicating that recent media coverage is likely to have an impact on the company's share price in the near term. The company earned $321.90 million during the quarter, compared to the consensus estimate of $302.90 million. Ocwen Financial Corporation (OCN) has made its way to a 12-month gain of 21.63%. Pacific Ridge Capital Partners LLC now owns 131,880 shares of the financial services provider's stock valued at $484,000 after buying an additional 16,430 shares in the last quarter. Bayesian Capital Management LP boosted its stake in Ocwen Financial Corp by 64.3% in the fourth quarter. Analysts reported that the Price Target for Ocwen Financial Corp. might touch $5 high while the Average Price Target and Low price Target is $3.5 and $2 respectively.
Yet another important factor while evaluating a good buy/sell decision for Ocwen Financial Corp. Gargoyle Investment Advisor L.L.C. now owns 66,927 shares of the financial services provider's stock valued at $366,000 after buying an additional 20,196 shares in the last quarter. Finally, Bogle Investment Management L P DE bought a new position in shares of Ocwen Financial Corp during the fourth quarter worth about $9,062,000.
Ocwen Financial Corp (NYSE:OCN) traded down 1.58% during midday trading on Friday, reaching $2.49. The firm's stock has a market capitalization of $305.6 mln. Ocwen Financial Corp has a one year low of $1.29 and a one year high of $6.15.
Ocwen Financial Corp. (OCN)'s distance from 200 day simple moving average is -36.22 percent, its distance from 50 day simple moving average is -39.63 percent, while its distance from 20 day simple moving average is -33.18 percent.
Relative strength index (RSI-14) for Ocwen Financial Corp.
The financial services provider reported ($0.26) earnings per share for the quarter, missing analysts' consensus estimates of ($0.12) by $0.14. The Return on Equity ratio of Ocwen Financial Corp. To make a proper assessment, investors seek a sound estimate of this year's and next year's earnings per share (EPS), as well as a strong sense of how much the company will earn even farther down the road. On average, equities analysts expect that Ocwen Financial Corp will post ($0.84) earnings per share for the current year.
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Several analysts have recently commented on OCN shares.
For investors, Forward P/E ratio allows a quick snapshot of the company's finances without getting bogged down in the details of an accounting report. Price Target plays a critical role when it comes to the analysis of a Stock.
According to the Recommendation Trends of the stock polled by Zacks Investment Research for this month, the company has a consensus recommendation of 3 out of the scale from 1 to 5 where 1 stands for Strong Buy and 5 means Strong Sell.
In other news, major shareholder John Devaney purchased 4,301,934 shares of the business's stock in a transaction on Friday, April 21st. It has a Return on Investment (ROI) of 7.20% and a gross margin of 11.20%. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Large investors have recently modified their holdings of the company. The Company's segments include Servicing, Lending, and Corporate Items and Other. Specifically, Defendants made false and/or misleading statements and/or failed to disclose that: (1) Ocwen engaged in important and systemic misconduct at almost every stage of the mortgage servicing process; (2) the above-mentioned conduct, when it became known, would subject the Company to heightened regulatory scrutiny and potential criminal sanctions; (3) consequently, Ocwen's public statements were materially false and misleading at all relevant times.
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