Ocwen Financial Co. (NYSE:OCN) was the recipient of a significant decline in short interest in April. As of April 15th, there was short interest totalling 127,800 shares, a decline of 17.2% from the March 31st total of 154,400 shares. Currently, 1.7% of the company’s stock are sold short. Based on an average daily volume of 63,500 shares, the days-to-cover ratio is presently 2.0 days.
OCN stock traded down $0.45 during mid-day trading on Tuesday, hitting $33.05. The stock had a trading volume of 110,843 shares, compared to its average volume of 65,515. Ocwen Financial has a 1-year low of $5.29 and a 1-year high of $34.00. The company has a fifty day moving average of $27.67 and a 200 day moving average of $26.71. The company has a current ratio of 12.46, a quick ratio of 12.46 and a debt-to-equity ratio of 21.21. The stock has a market capitalization of $287.14 million, a price-to-earnings ratio of 127.36 and a beta of 1.74.
Ocwen Financial (NYSE:OCN) last announced its quarterly earnings results on Friday, February 19th. The financial services provider reported ($0.83) EPS for the quarter. Ocwen Financial had a net margin of 0.19% and a return on equity of 0.45%. The firm had revenue of $231.00 million during the quarter.
Several institutional investors and hedge funds have recently made changes to their positions in OCN. Charles Schwab Investment Management Inc. boosted its holdings in Ocwen Financial by 2.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 36,150 shares of the financial services provider’s stock worth $1,046,000 after purchasing an additional 829 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in Ocwen Financial by 291.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,546 shares of the financial services provider’s stock worth $33,000 after purchasing an additional 1,151 shares during the last quarter. BlackRock Inc. boosted its position in Ocwen Financial by 1.2% during the fourth quarter. BlackRock Inc. now owns 147,509 shares of the financial services provider’s stock worth $4,265,000 after purchasing an additional 1,709 shares during the period. KBC Group NV acquired a new position in Ocwen Financial during the fourth quarter valued at approximately $92,000. Finally, GSA Capital Partners LLP raised its position in shares of Ocwen Financial by 10.2% in the fourth quarter. GSA Capital Partners LLP now owns 38,215 shares of the financial services provider’s stock valued at $1,105,000 after purchasing an additional 3,549 shares during the period. Institutional investors own 50.12% of the company’s stock.
Ocwen Financial Company Profile
Ocwen Financial Corporation, a financial services company, originates and services mortgage loans in the United States, the United States Virgin Islands, India, and the Philippines. The company operates through Servicing and Originations segments. It provides commercial mortgage loan servicing, special servicing, and asset management services, as well as residential mortgage loan servicing, such as forward and reverse conventional, government-insured, and non-agency loans, including the reverse mortgage loans to owners of mortgage loans and foreclosed real estate.
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