Ocwen Financial (OCN) Given Coverage Optimism Score of 0.17

Media stories about Ocwen Financial (NYSE:OCN) have been trending somewhat positive this week, according to Accern Sentiment. Accern scores the sentiment of press coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Ocwen Financial earned a media sentiment score of 0.17 on Accern’s scale. Accern also assigned media stories about the financial services provider an impact score of 45.823083188756 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.

Here are some of the news stories that may have impacted Accern’s rankings:

Shares of Ocwen Financial (NYSE OCN) traded down $0.03 during trading on Friday, reaching $3.42. 893,909 shares of the company’s stock traded hands, compared to its average volume of 1,455,760. The company has a debt-to-equity ratio of 9.82, a current ratio of 5.07 and a quick ratio of 5.07. The stock has a market capitalization of $460.09, a PE ratio of -4.56 and a beta of 1.49. Ocwen Financial has a twelve month low of $2.12 and a twelve month high of $5.69.

In related news, major shareholder Leon G. Cooperman purchased 494,459 shares of Ocwen Financial stock in a transaction dated Tuesday, January 23rd. The stock was purchased at an average cost of $3.16 per share, for a total transaction of $1,562,490.44. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Leon G. Cooperman purchased 178,198 shares of Ocwen Financial stock in a transaction dated Friday, February 2nd. The stock was bought at an average price of $3.24 per share, with a total value of $577,361.52. Following the completion of the purchase, 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. Insiders acquired 1,173,916 shares of company stock valued at $3,753,481 over the last ninety days. 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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