Jeffrey Grogin Sells 15,000 Shares of PennyMac Financial Services Inc (PFSI) Stock

PennyMac Financial Services Inc (NYSE:PFSI) insider Jeffrey Grogin sold 15,000 shares of the stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $21.56, for a total transaction of $323,400.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

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

  • On Monday, February 5th, Jeffrey Grogin sold 10,000 shares of PennyMac Financial Services stock. The stock was sold at an average price of $22.33, for a total transaction of $223,300.00.
  • On Monday, January 29th, Jeffrey Grogin sold 5,000 shares of PennyMac Financial Services stock. The stock was sold at an average price of $22.26, for a total transaction of $111,300.00.
  • On Wednesday, January 31st, Jeffrey Grogin sold 15,000 shares of PennyMac Financial Services stock. The stock was sold at an average price of $22.20, for a total transaction of $333,000.00.
  • On Friday, January 26th, Jeffrey Grogin sold 5,000 shares of PennyMac Financial Services stock. The stock was sold at an average price of $22.65, for a total transaction of $113,250.00.

Shares of PennyMac Financial Services Inc (PFSI) traded down $0.40 during mid-day trading on Thursday, reaching $21.30. 1,145,100 shares of the company’s stock traded hands, compared to its average volume of 188,478. 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 Inc has a 52 week low of $15.65 and a 52 week high of $24.00. The stock has a market cap of $489.06, a PE ratio of 10.94, a PEG ratio of 1.39 and a beta of 0.64.

Hedge funds have recently modified their holdings of the business. Citigroup Inc. boosted its position in PennyMac Financial Services by 1,652.1% in the 2nd quarter. Citigroup Inc. now owns 6,150 shares of the real estate investment trust’s stock valued at $103,000 after buying an additional 5,799 shares during the period. Voya Investment Management LLC purchased a new position in PennyMac Financial Services in the 2nd quarter valued at approximately $174,000. Victory Capital Management Inc. boosted its position in PennyMac Financial Services by 52.0% in the 3rd quarter. Victory Capital Management Inc. now owns 10,585 shares of the real estate investment trust’s stock valued at $188,000 after buying an additional 3,621 shares during the period. The Manufacturers Life Insurance Company boosted its position in PennyMac Financial Services by 11.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 12,732 shares of the real estate investment trust’s stock valued at $213,000 after buying an additional 1,312 shares during the period. Finally, Cubist Systematic Strategies LLC boosted its position in PennyMac Financial Services by 23.6% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 13,025 shares of the real estate investment trust’s stock valued at $218,000 after buying an additional 2,489 shares during the period. 89.53% of the stock is owned by institutional investors.

PFSI has been the subject of a number of research analyst reports. Zacks Investment Research raised shares of 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. ValuEngine raised shares of PennyMac Financial Services from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, November 15th. Barclays set a $25.00 price objective on shares of PennyMac Financial Services and gave the stock a “buy” rating in a research report on Tuesday, December 12th. Finally, Keefe, Bruyette & Woods cut shares of PennyMac Financial Services from an “outperform” rating to a “market perform” rating in a research report on Monday, January 8th. Four equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $23.50.

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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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