Trexquant Investment LP acquired a new stake in shares of PennyMac Financial Services Inc (NYSE:PFSI) in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 16,908 shares of the real estate investment trust’s stock, valued at approximately $353,000. Trexquant Investment LP owned about 0.07% of PennyMac Financial Services at the end of the most recent quarter.
Several other institutional investors and hedge funds have also modified their holdings of the company. First Trust Advisors LP raised its stake in PennyMac Financial Services by 25.8% in the 2nd quarter. First Trust Advisors LP now owns 25,310 shares of the real estate investment trust’s stock worth $497,000 after acquiring an additional 5,195 shares during the last quarter. Globeflex Capital L P raised its stake in PennyMac Financial Services by 7.2% in the 2nd quarter. Globeflex Capital L P now owns 62,661 shares of the real estate investment trust’s stock worth $1,231,000 after acquiring an additional 4,182 shares during the last quarter. MetLife Investment Advisors LLC raised its stake in PennyMac Financial Services by 75.5% in the 2nd quarter. MetLife Investment Advisors LLC now owns 12,814 shares of the real estate investment trust’s stock worth $252,000 after acquiring an additional 5,514 shares during the last quarter. Meeder Asset Management Inc. raised its stake in PennyMac Financial Services by 126.5% in the 3rd quarter. Meeder Asset Management Inc. now owns 11,186 shares of the real estate investment trust’s stock worth $233,000 after acquiring an additional 6,247 shares during the last quarter. Finally, Long Pond Capital LP purchased a new position in PennyMac Financial Services in the 2nd quarter worth $12,281,000. Hedge funds and other institutional investors own 90.27% of the company’s stock.
A number of equities analysts recently issued reports on PFSI shares. Zacks Investment Research upgraded PennyMac Financial Services from a “strong sell” rating to a “hold” rating in a research note on Tuesday, September 18th. ValuEngine lowered PennyMac Financial Services from a “buy” rating to a “hold” rating in a research note on Friday, October 12th. Finally, Barclays reduced their price objective on PennyMac Financial Services from $24.00 to $23.00 and set a “buy” rating for the company in a research note on Wednesday, October 24th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. PennyMac Financial Services presently has an average rating of “Buy” and a consensus price target of $24.60.
In other PennyMac Financial Services news, insider Anne Mccallion sold 5,000 shares of PennyMac Financial Services stock in a transaction dated Tuesday, September 25th. The stock was sold at an average price of $20.88, for a total transaction of $104,400.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have sold a total of 20,000 shares of company stock valued at $406,850 in the last quarter. Company insiders own 45.64% of the company’s stock.
NYSE PFSI opened at $22.27 on Friday. The stock has a market cap of $545.58 million, a price-to-earnings ratio of 10.12, a P/E/G ratio of 0.86 and a beta of 0.64. PennyMac Financial Services Inc has a fifty-two week low of $18.77 and a fifty-two week high of $25.20. The company has a quick ratio of 0.18, a current ratio of 0.18 and a debt-to-equity ratio of 1.27.
PennyMac Financial Services (NYSE:PFSI) last released its quarterly earnings data on Thursday, November 1st. The real estate investment trust reported $0.57 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.56 by $0.01. The business had revenue of $250.93 million during the quarter, compared to analyst estimates of $232.08 million. PennyMac Financial Services had a return on equity of 3.66% and a net margin of 10.78%. Analysts forecast that PennyMac Financial Services Inc will post 2.53 EPS for the current year.
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PennyMac Financial Services Company Profile
PennyMac Financial Services, Inc a specialty financial services company, engages in the mortgage banking and investment management activities in the United States. It is involved in the origination, acquisition, and sale of mortgage loans. The company originates first-lien residential conventional and government-insured or guaranteed mortgage loans to allow customers to purchase or refinance their homes.
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