PennyMac Financial Services Inc (NYSE:PFSI) CEO David Spector sold 10,416 shares of the stock in a transaction on Friday, December 29th. The shares were sold at an average price of $22.31, for a total value of $232,380.96. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

David Spector also recently made the following trade(s):

  • On Saturday, December 29th, David Spector sold 10,416 shares of PennyMac Financial Services stock. The shares were sold at an average price of $22.31, for a total value of $232,380.96.

PennyMac Financial Services Inc (NYSE PFSI) traded up $0.15 on Wednesday, hitting $23.40. The stock had a trading volume of 263,192 shares, compared to its average volume of 264,000. The stock has a market capitalization of $541.46, a price-to-earnings ratio of 12.19, a P/E/G ratio of 1.52 and a beta of 0.68. PennyMac Financial Services Inc has a one year low of $15.65 and a one year high of $23.65. 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 released its earnings results on Thursday, November 2nd. The real estate investment trust reported $0.71 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.71. The company 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 company’s revenue was down 14.0% compared to the same quarter last year. equities analysts expect that PennyMac Financial Services Inc will post 2.29 earnings per share for the current year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Mangrove Partners acquired a new position in shares of PennyMac Financial Services in the third quarter worth $12,760,000. PEAK6 Investments L.P. acquired a new position in shares of PennyMac Financial Services in the third quarter worth $248,000. Dimensional Fund Advisors LP increased its stake in shares of PennyMac Financial Services by 17.7% in the third 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. Nordea Investment Management AB increased its stake in shares of PennyMac Financial Services by 2.8% in the third quarter. Nordea Investment Management AB now owns 146,700 shares of the real estate investment trust’s stock worth $2,611,000 after acquiring an additional 4,000 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new position in shares of PennyMac Financial Services in the third quarter worth $264,000. Institutional investors own 90.83% of the company’s stock.

A number of brokerages have recently commented on PFSI. Zacks Investment Research upgraded PennyMac Financial Services from a “hold” rating to a “buy” rating and set a $25.00 price objective for the company in a research report on Tuesday, December 26th. Barclays set a $25.00 price objective on PennyMac Financial Services and gave the company a “buy” rating in a research report on Tuesday, December 12th. ValuEngine upgraded PennyMac Financial Services from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, November 15th. BidaskClub upgraded PennyMac Financial Services from a “sell” rating to a “hold” rating in a research report on Wednesday, September 27th. Finally, Piper Jaffray Companies reiterated a “buy” rating on shares of PennyMac Financial Services in a research report on Tuesday, September 19th. Two analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. PennyMac Financial Services currently has an average rating of “Buy” and a consensus price target of $23.25.

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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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