Insider Selling: PennyMac Financial Services Inc (PFSI) Insider Sells 10,000 Shares of Stock

PennyMac Financial Services Inc (NYSE:PFSI) insider David M. Walker sold 10,000 shares of the business’s stock in a transaction dated Friday, June 15th. The shares were sold at an average price of $20.29, for a total transaction of $202,900.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

David M. Walker also recently made the following trade(s):

  • On Wednesday, June 6th, David M. Walker sold 10,000 shares of PennyMac Financial Services stock. The shares were sold at an average price of $20.10, for a total transaction of $201,000.00.
  • On Tuesday, May 22nd, David M. Walker sold 5,163 shares of PennyMac Financial Services stock. The shares were sold at an average price of $20.85, for a total transaction of $107,648.55.
  • On Tuesday, May 15th, David M. Walker sold 10,000 shares of PennyMac Financial Services stock. The shares were sold at an average price of $20.61, for a total transaction of $206,100.00.
  • On Wednesday, May 9th, David M. Walker sold 10,326 shares of PennyMac Financial Services stock. The shares were sold at an average price of $20.30, for a total transaction of $209,617.80.
  • On Tuesday, May 1st, David M. Walker sold 10,326 shares of PennyMac Financial Services stock. The shares were sold at an average price of $20.57, for a total transaction of $212,405.82.
  • On Thursday, March 22nd, David M. Walker sold 5,000 shares of PennyMac Financial Services stock. The shares were sold at an average price of $23.37, for a total transaction of $116,850.00.

NYSE:PFSI traded up $0.20 on Monday, reaching $20.60. 2,003 shares of the company’s stock were exchanged, compared to its average volume of 129,259. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.17 and a quick ratio of 0.17. PennyMac Financial Services Inc has a 52-week low of $16.00 and a 52-week high of $25.20. The firm has a market capitalization of $491.48 million, a PE ratio of 9.36, a price-to-earnings-growth ratio of 0.97 and a beta of 0.57.

PennyMac Financial Services (NYSE:PFSI) last released its earnings results on Thursday, May 3rd. The real estate investment trust reported $0.67 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.73 by ($0.06). PennyMac Financial Services had a net margin of 10.77% and a return on equity of 3.67%. The business had revenue of $238.20 million for the quarter, compared to the consensus estimate of $234.60 million. analysts expect that PennyMac Financial Services Inc will post 2.8 EPS for the current fiscal year.

Several analysts recently issued reports on PFSI shares. ValuEngine upgraded shares of PennyMac Financial Services from a “hold” rating to a “buy” rating in a report on Tuesday, May 8th. Keefe, Bruyette & Woods upgraded shares of PennyMac Financial Services from a “market perform” rating to an “outperform” rating in a report on Monday, May 7th. Wells Fargo & Co started coverage on shares of PennyMac Financial Services in a report on Wednesday, April 4th. They issued an “outperform” rating and a $28.00 price objective on the stock. Zacks Investment Research lowered shares of PennyMac Financial Services from a “hold” rating to a “strong sell” rating in a report on Wednesday, May 16th. Finally, Barclays set a $26.00 price objective on shares of PennyMac Financial Services and gave the company a “buy” rating in a report on Sunday, May 6th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the company’s stock. PennyMac Financial Services has an average rating of “Buy” and an average target price of $25.75.

A number of institutional investors have recently made changes to their positions in PFSI. Schwab Charles Investment Management Inc. grew its holdings in PennyMac Financial Services by 18.0% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 35,175 shares of the real estate investment trust’s stock worth $787,000 after acquiring an additional 5,375 shares during the last quarter. Aperio Group LLC grew its holdings in PennyMac Financial Services by 45.9% in the 4th quarter. Aperio Group LLC now owns 31,602 shares of the real estate investment trust’s stock worth $706,000 after acquiring an additional 9,940 shares during the last quarter. Wells Fargo & Company MN grew its holdings in PennyMac Financial Services by 59.9% in the 4th quarter. Wells Fargo & Company MN now owns 124,748 shares of the real estate investment trust’s stock worth $2,787,000 after acquiring an additional 46,723 shares during the last quarter. Citadel Advisors LLC bought a new stake in PennyMac Financial Services in the 4th quarter worth $231,000. Finally, Martingale Asset Management L P bought a new stake in PennyMac Financial Services in the 4th quarter worth $2,509,000. 91.78% of the stock is currently owned by institutional investors and hedge funds.

About PennyMac Financial Services

PennyMac Financial Services, Inc, through its subsidiaries, engages in the mortgage banking and investment management activities in the United States. It operates through three segments: Loan Production, Loan Servicing, and Investment Management. The Loan Production segment is involved in the origination, acquisition, and sale of mortgage loans.

Insider Buying and Selling by Quarter for PennyMac Financial Services (NYSE:PFSI)

Receive News & Ratings for PennyMac Financial Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PennyMac Financial Services and related companies with MarketBeat.com's FREE daily email newsletter.


Leave a Reply