PennyMac Financial Services, Inc. (NYSE:PFSI) insider Jeffrey Grogin sold 9,000 shares of the business’s stock in a transaction that occurred on Friday, September 8th. The shares were sold at an average price of $16.72, for a total value of $150,480.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Jeffrey Grogin also recently made the following trade(s):

  • On Tuesday, September 5th, Jeffrey Grogin sold 18,000 shares of PennyMac Financial Services stock. The shares were sold at an average price of $17.04, for a total value of $306,720.00.
  • On Tuesday, August 29th, Jeffrey Grogin sold 6,000 shares of PennyMac Financial Services stock. The shares were sold at an average price of $16.86, for a total value of $101,160.00.
  • On Wednesday, August 30th, Jeffrey Grogin sold 12,000 shares of PennyMac Financial Services stock. The shares were sold at an average price of $17.01, for a total value of $204,120.00.

Shares of PennyMac Financial Services, Inc. (NYSE PFSI) traded up 0.90% during mid-day trading on Friday, hitting $16.85. The company had a trading volume of 170,724 shares. The firm has a 50-day moving average price of $17.20 and a 200 day moving average price of $16.94. PennyMac Financial Services, Inc. has a 12 month low of $15.65 and a 12 month high of $19.35. The firm has a market capitalization of $396.14 million, a P/E ratio of 5.70 and a beta of 0.61.

PennyMac Financial Services (NYSE:PFSI) last issued its quarterly earnings data on Thursday, August 3rd. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.66 by $0.22. The firm had revenue of $201.72 million for the quarter, compared to analyst estimates of $181.89 million. PennyMac Financial Services had a return on equity of 4.79% and a net margin of 6.87%. On average, equities research analysts forecast that PennyMac Financial Services, Inc. will post $2.64 earnings per share for the current fiscal year.

PennyMac Financial Services declared that its Board of Directors has initiated a stock repurchase program on Wednesday, June 21st that permits the company to buyback $50.00 million in shares. This buyback authorization permits the real estate investment trust to purchase up to 137% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s board believes its stock is undervalued.

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A number of analysts have recently commented on PFSI shares. Zacks Investment Research cut PennyMac Financial Services from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. ValuEngine cut PennyMac Financial Services from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 17th. Finally, TheStreet cut PennyMac Financial Services from a “b-” rating to a “c+” rating in a research report on Friday, June 2nd. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and seven have assigned a buy rating to the company’s stock. PennyMac Financial Services has a consensus rating of “Buy” and an average price target of $19.86.

A number of hedge funds have recently modified their holdings of the stock. Alps Advisors Inc. raised its holdings in PennyMac Financial Services by 0.3% during the second quarter. Alps Advisors Inc. now owns 27,680 shares of the real estate investment trust’s stock worth $462,000 after purchasing an additional 72 shares during the last quarter. American International Group Inc. raised its holdings in PennyMac Financial Services by 7.2% during the first quarter. American International Group Inc. now owns 8,384 shares of the real estate investment trust’s stock worth $143,000 after purchasing an additional 562 shares during the last quarter. California State Teachers Retirement System raised its holdings in PennyMac Financial Services by 2.9% during the second quarter. California State Teachers Retirement System now owns 28,126 shares of the real estate investment trust’s stock worth $470,000 after purchasing an additional 800 shares during the last quarter. Strs Ohio raised its holdings in PennyMac Financial Services by 2.7% during the second quarter. Strs Ohio now owns 38,700 shares of the real estate investment trust’s stock worth $646,000 after purchasing an additional 1,000 shares during the last quarter. Finally, Victory Capital Management Inc. raised its holdings in PennyMac Financial Services by 17.6% during the second quarter. Victory Capital Management Inc. now owns 6,964 shares of the real estate investment trust’s stock worth $116,000 after purchasing an additional 1,042 shares during the last quarter. 86.57% of the stock is owned by hedge funds and other institutional investors.

About PennyMac Financial Services

PennyMac Financial Services, Inc (PFSI) is a financial services company. The Company is focused on the production and servicing of the United States residential mortgage loans and the management of investments related to the United States mortgage market. The Company operates through three segments: loan production, loan servicing and investment management.

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

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