Ocwen Financial (NYSE:OCN) Earning Somewhat Favorable Media Coverage, Accern Reports

Media stories about Ocwen Financial (NYSE:OCN) have trended somewhat positive on Wednesday, according to Accern Sentiment. The research group identifies negative and positive media coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Ocwen Financial earned a news impact score of 0.16 on Accern’s scale. Accern also gave news coverage about the financial services provider an impact score of 45.647367618011 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.

These are some of the media stories that may have impacted Accern Sentiment’s scoring:

Shares of Ocwen Financial (OCN) traded down $0.03 during mid-day trading on Wednesday, hitting $3.54. 79,519 shares of the stock traded hands, compared to its average volume of 1,487,385. 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 1 year low of $2.12 and a 1 year high of $5.95.

In related news, major shareholder Leon G. Cooperman bought 494,459 shares of the firm’s stock in a transaction on Tuesday, January 23rd. The shares were bought at an average price of $3.16 per share, with a total value of $1,562,490.44. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Leon G. Cooperman bought 178,198 shares of the firm’s stock in a transaction on Friday, February 2nd. The stock was bought at an average cost of $3.24 per share, for a total transaction of $577,361.52. Following the transaction, the insider now directly owns 1,000,000 shares of the company’s stock, valued at $3,240,000. The disclosure for this purchase can be found here. In the last three months, insiders have bought 1,119,916 shares of company stock worth $3,566,641. Corporate insiders own 2.36% of the company’s stock.

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About Ocwen Financial

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.

Insider Buying and Selling by Quarter for Ocwen Financial (NYSE:OCN)

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