Insider Selling: PennyMac Financial Services Inc (PFSI) Insider Sells 10,000 Shares of Stock

PennyMac Financial Services Inc (NYSE:PFSI) insider Anne Mccallion sold 10,000 shares of the stock in a transaction dated Thursday, January 18th. The stock was sold at an average price of $23.14, for a total transaction of $231,400.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Anne Mccallion also recently made the following trade(s):

  • On Thursday, January 4th, Anne Mccallion sold 5,000 shares of PennyMac Financial Services stock. The stock was sold at an average price of $23.82, for a total transaction of $119,100.00.
  • On Thursday, December 21st, Anne Mccallion sold 5,000 shares of PennyMac Financial Services stock. The stock was sold at an average price of $22.04, for a total transaction of $110,200.00.
  • On Thursday, December 7th, Anne Mccallion sold 10,000 shares of PennyMac Financial Services stock. The stock was sold at an average price of $21.58, for a total transaction of $215,800.00.
  • On Wednesday, November 22nd, Anne Mccallion sold 5,000 shares of PennyMac Financial Services stock. The stock was sold at an average price of $19.76, for a total transaction of $98,800.00.
  • On Friday, November 10th, Anne Mccallion sold 5,000 shares of PennyMac Financial Services stock. The stock was sold at an average price of $18.50, for a total transaction of $92,500.00.

Shares of PennyMac Financial Services Inc (PFSI) traded up $0.35 during trading on Friday, reaching $23.70. 91,261 shares of the company’s stock were exchanged, compared to its average volume of 181,015. PennyMac Financial Services Inc has a 12 month low of $15.65 and a 12 month high of $24.00. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.16 and a current ratio of 0.16. The stock has a market capitalization of $541.45, a PE ratio of 9.05, a PEG ratio of 1.58 and a beta of 0.68.

PennyMac Financial Services (NYSE:PFSI) last issued 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. PennyMac Financial Services had a net margin of 6.47% and a return on equity of 4.11%. The company had revenue of $250.64 million during the quarter, compared to analysts’ expectations of $238.59 million. PennyMac Financial Services’s revenue for the quarter was down 14.0% on a year-over-year basis. research analysts predict that PennyMac Financial Services Inc will post 2.29 earnings per share for the current fiscal year.

Several research firms recently issued reports on PFSI. Zacks Investment Research raised shares of PennyMac Financial Services from a “hold” rating to a “buy” rating and set a $26.00 price target for the company in a report on Thursday. BidaskClub raised shares of PennyMac Financial Services from a “sell” rating to a “hold” rating in a report on Wednesday, September 27th. Barclays set a $25.00 target price on shares of PennyMac Financial Services and gave the company a “buy” rating in a report on Tuesday, December 12th. Keefe, Bruyette & Woods cut shares of PennyMac Financial Services from an “outperform” rating to a “market perform” rating in a report on Monday, January 8th. Finally, ValuEngine raised shares of PennyMac Financial Services from a “buy” rating to a “strong-buy” rating in a report on Wednesday, November 15th. Three research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $23.50.

Several hedge funds have recently added to or reduced their stakes in PFSI. Mangrove Partners acquired a new stake in shares of PennyMac Financial Services in the third quarter valued at approximately $12,760,000. Numeric Investors LLC grew its position in shares of PennyMac Financial Services by 72.1% in the second quarter. Numeric Investors LLC now owns 776,152 shares of the real estate investment trust’s stock valued at $12,962,000 after purchasing an additional 325,169 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of PennyMac Financial Services by 31.4% in the second quarter. Dimensional Fund Advisors LP now owns 531,824 shares of the real estate investment trust’s stock valued at $8,882,000 after purchasing an additional 127,022 shares during the last quarter. Vanguard Group Inc. grew its position in shares of PennyMac Financial Services by 5.8% in the second 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. Finally, Parametric Portfolio Associates LLC grew its position in shares of PennyMac Financial Services by 183.2% in the second quarter. Parametric Portfolio Associates LLC now owns 84,188 shares of the real estate investment trust’s stock valued at $1,406,000 after purchasing an additional 54,460 shares during the last quarter. Institutional investors and hedge funds own 90.83% of the company’s stock.

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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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