Insider Selling: PennyMac Financial Services Inc (PFSI) CFO Sells 16,325 Shares of Stock

PennyMac Financial Services Inc (NYSE:PFSI) CFO Daniel Stanley Perotti sold 16,325 shares of PennyMac Financial Services stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $24.39, for a total value of $398,166.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Daniel Stanley Perotti also recently made the following trade(s):

  • On Tuesday, January 2nd, Daniel Stanley Perotti sold 5,442 shares of PennyMac Financial Services stock. The shares were sold at an average price of $23.00, for a total value of $125,166.00.
  • On Tuesday, November 28th, Daniel Stanley Perotti sold 5,442 shares of PennyMac Financial Services stock. The shares were sold at an average price of $20.00, for a total value of $108,840.00.

PennyMac Financial Services Inc (NYSE PFSI) traded up $0.30 during trading hours on Wednesday, reaching $24.50. The company’s stock had a trading volume of 114,183 shares, compared to its average volume of 223,405. 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 one year low of $15.65 and a one year high of $25.20. The stock has a market capitalization of $584.70, a price-to-earnings ratio of 6.03, a PEG ratio of 1.63 and a beta of 0.64.

PennyMac Financial Services (NYSE:PFSI) last released its quarterly earnings data on Thursday, February 8th. The real estate investment trust reported $0.65 EPS for the quarter, missing the consensus estimate of $0.67 by ($0.02). PennyMac Financial Services had a net margin of 10.55% and a return on equity of 3.62%. The company had revenue of $298.63 million during the quarter, compared to analysts’ expectations of $238.86 million. During the same period last year, the business earned $1.00 earnings per share. The company’s revenue for the quarter was up 3.2% compared to the same quarter last year. research analysts predict that PennyMac Financial Services Inc will post 3.05 EPS for the current fiscal year.

A number of large investors have recently added to or reduced their stakes in the business. Sterling Capital Management LLC purchased a new position in PennyMac Financial Services in the fourth quarter valued at about $615,000. MetLife Investment Advisors LLC purchased a new position in PennyMac Financial Services in the fourth quarter valued at about $163,000. Millennium Management LLC purchased a new position in PennyMac Financial Services in the fourth quarter valued at about $566,000. TIAA CREF Investment Management LLC raised its position in PennyMac Financial Services by 58.8% in the fourth quarter. TIAA CREF Investment Management LLC now owns 64,993 shares of the real estate investment trust’s stock valued at $1,453,000 after purchasing an additional 24,071 shares during the period. Finally, Two Sigma Investments LP purchased a new position in PennyMac Financial Services in the fourth quarter valued at about $1,200,000. 90.18% of the stock is currently owned by institutional investors.

PFSI has been the topic of a number of research analyst reports. Zacks Investment Research cut PennyMac Financial Services from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 25th. Keefe, Bruyette & Woods cut PennyMac Financial Services from an “outperform” rating to a “market perform” rating in a report on Monday, January 8th. ValuEngine upgraded PennyMac Financial Services from a “buy” rating to a “strong-buy” rating in a report on Wednesday, November 15th. Barclays set a $25.00 target price on PennyMac Financial Services and gave the company a “buy” rating in a report on Tuesday, December 12th. Finally, Wedbush started coverage on PennyMac Financial Services in a report on Friday, February 16th. They issued an “outperform” rating and a $30.00 target price on the stock. One analyst has rated the stock with a sell rating, two have issued a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. PennyMac Financial Services presently has a consensus rating of “Buy” and a consensus price target of $25.20.

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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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