Ocwen Financial (OCN) Scheduled to Post Quarterly Earnings on Tuesday

Ocwen Financial (NYSE:OCN) is set to issue its quarterly earnings data before the market opens on Tuesday, February 20th. Analysts expect the company to announce earnings of ($0.18) per share for the quarter.

Ocwen Financial (NYSE OCN) opened at $3.38 on Tuesday. The company has a debt-to-equity ratio of 9.82, a quick ratio of 5.07 and a current ratio of 5.07. Ocwen Financial has a 52 week low of $2.12 and a 52 week high of $5.97. The stock has a market cap of $450.75, a P/E ratio of -4.51 and a beta of 1.49.

In other Ocwen Financial news, major shareholder Leon G. Cooperman acquired 445,759 shares of the business’s stock in a transaction dated Monday, February 5th. The shares were purchased at an average price of $3.20 per share, for a total transaction of $1,426,428.80. Following the completion of the purchase, the insider now directly owns 1,000,000 shares of the company’s stock, valued at $3,200,000. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, major shareholder Leon G. Cooperman acquired 494,459 shares of the business’s stock in a transaction dated Tuesday, January 23rd. The stock was acquired at an average price of $3.16 per share, for a total transaction of $1,562,490.44. The disclosure for this purchase can be found here. Insiders bought 1,119,916 shares of company stock worth $3,566,641 in the last quarter. Company insiders own 2.36% of the company’s stock.

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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.

Earnings History for Ocwen Financial (NYSE:OCN)

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