Ditech Holding Corp (DHCP) Major Shareholder Fpa Funds Trust Sells 15,370 Shares

Ditech Holding Corp (NYSE:DHCP) major shareholder Fpa Funds Trust sold 15,370 shares of the stock in a transaction on Wednesday, October 31st. The stock was sold at an average price of $1.52, for a total value of $23,362.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

Fpa Funds Trust also recently made the following trade(s):

  • On Friday, October 26th, Fpa Funds Trust sold 165,876 shares of Ditech stock. The stock was sold at an average price of $2.15, for a total value of $356,633.40.
  • On Wednesday, October 24th, Fpa Funds Trust sold 28,436 shares of Ditech stock. The stock was sold at an average price of $2.51, for a total value of $71,374.36.
  • On Wednesday, October 17th, Fpa Funds Trust sold 284 shares of Ditech stock. The stock was sold at an average price of $3.25, for a total value of $923.00.
  • On Thursday, October 11th, Fpa Funds Trust sold 3,340 shares of Ditech stock. The stock was sold at an average price of $3.76, for a total value of $12,558.40.

NYSE:DHCP opened at $0.90 on Friday. The company has a current ratio of 12.88, a quick ratio of 12.88 and a debt-to-equity ratio of 126.29. Ditech Holding Corp has a 1 year low of $0.90 and a 1 year high of $12.00.

Ditech (NYSE:DHCP) last released its quarterly earnings data on Thursday, August 9th. The company reported ($9.97) earnings per share (EPS) for the quarter. The business had revenue of $198.53 million during the quarter.

An institutional investor recently raised its position in Ditech stock. Citadel Advisors LLC grew its position in Ditech Holding Corp (NYSE:DHCP) by 179.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 52,665 shares of the company’s stock after buying an additional 33,825 shares during the quarter. Citadel Advisors LLC owned 1.14% of Ditech worth $275,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 39.04% of the company’s stock.

Ditech Company Profile

Ditech Holding Corporation operates as an independent servicer and originator of mortgage loans, and servicer of reverse mortgage loans. The company operates through three segments: Servicing, Originations, and Reverse Mortgage. The Servicing segment performs servicing for mortgage loan portfolio, on behalf of third-party credit owners of mortgage loans, as well as performs subservicing for third-party owners.

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