Doug Jones Sells 15,000 Shares of PennyMac Financial Services Inc (PFSI) Stock

PennyMac Financial Services Inc (NYSE:PFSI) insider Doug Jones sold 15,000 shares of the firm’s stock in a transaction that occurred on Monday, December 18th. The shares were sold at an average price of $22.01, for a total value of $330,150.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Doug Jones also recently made the following trade(s):

  • On Thursday, December 14th, Doug Jones sold 15,000 shares of PennyMac Financial Services stock. The shares were sold at an average price of $21.95, for a total value of $329,250.00.
  • On Tuesday, December 12th, Doug Jones sold 7,500 shares of PennyMac Financial Services stock. The shares were sold at an average price of $21.57, for a total value of $161,775.00.

PennyMac Financial Services Inc (NYSE PFSI) traded up $0.30 during trading hours on Monday, hitting $22.10. The stock had a trading volume of 167,787 shares, compared to its average volume of 181,907. The company has a market cap of $507.68, a price-to-earnings ratio of 8.32, a price-to-earnings-growth ratio of 1.91 and a beta of 0.68. PennyMac Financial Services Inc has a 1-year low of $15.65 and a 1-year high of $22.40. The company has a debt-to-equity ratio of 1.66, a current ratio of 0.16 and a quick ratio of 0.16.

PennyMac Financial Services (NYSE:PFSI) last posted its quarterly earnings data on Thursday, November 2nd. The real estate investment trust reported $0.71 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.71. The business had revenue of $250.64 million during the quarter, compared to analyst estimates of $238.59 million. PennyMac Financial Services had a return on equity of 4.11% and a net margin of 6.47%. The firm’s revenue was down 14.0% compared to the same quarter last year. analysts expect that PennyMac Financial Services Inc will post 2.29 earnings per share for the current year.

Several large investors have recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in shares of PennyMac Financial Services by 5.8% in the 2nd quarter. Vanguard Group Inc. now owns 1,634,763 shares of the real estate investment trust’s stock valued at $27,301,000 after purchasing an additional 90,238 shares during the last quarter. Numeric Investors LLC lifted its stake in shares of PennyMac Financial Services by 72.1% during the 2nd quarter. Numeric Investors LLC now owns 776,152 shares of the real estate investment trust’s stock worth $12,962,000 after acquiring an additional 325,169 shares during the last quarter. Mangrove Partners bought a new stake in shares of PennyMac Financial Services during the 3rd quarter worth approximately $12,760,000. Dimensional Fund Advisors LP lifted its stake in shares of PennyMac Financial Services by 17.7% during the 3rd quarter. Dimensional Fund Advisors LP now owns 625,742 shares of the real estate investment trust’s stock worth $11,138,000 after acquiring an additional 93,918 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in shares of PennyMac Financial Services by 2.8% during the 2nd quarter. JPMorgan Chase & Co. now owns 397,176 shares of the real estate investment trust’s stock worth $6,633,000 after acquiring an additional 10,969 shares during the last quarter. 90.83% of the stock is owned by institutional investors and hedge funds.

Several equities analysts have weighed in on the company. BidaskClub upgraded PennyMac Financial Services from a “sell” rating to a “hold” rating in a report on Wednesday, September 27th. Zacks Investment Research raised PennyMac Financial Services from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 17th. Piper Jaffray Companies reaffirmed a “buy” rating on shares of PennyMac Financial Services in a research note on Tuesday, September 19th. ValuEngine raised PennyMac Financial Services from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, November 15th. Finally, Barclays set a $25.00 price objective on PennyMac Financial Services and gave the company a “buy” rating in a research note on Tuesday, December 12th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. PennyMac Financial Services has an average rating of “Buy” and an average price target of $22.67.

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PennyMac Financial Services Company Profile

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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