Ocwen Financial Co. (NYSE:OCN) saw a significant decline in short interest during the month of April. As of April 15th, there was short interest totalling 127,800 shares, a decline of 17.2% from the March 31st total of 154,400 shares. Based on an average trading volume of 63,500 shares, the short-interest ratio is currently 2.0 days. Currently, 1.7% of the shares of the stock are sold short.
Shares of OCN traded down $0.45 during mid-day trading on Tuesday, hitting $33.05. 110,843 shares of the company traded hands, compared to its average volume of 65,515. The company has a current ratio of 12.46, a quick ratio of 12.46 and a debt-to-equity ratio of 21.21. The business has a 50-day moving average of $27.67 and a 200 day moving average of $26.71. Ocwen Financial has a one year low of $5.29 and a one year high of $34.00. The stock has a market capitalization of $287.14 million, a price-to-earnings ratio of 127.36 and a beta of 1.74.
Ocwen Financial (NYSE:OCN) last released its earnings results on Friday, February 19th. The financial services provider reported ($0.83) EPS for the quarter. The firm had revenue of $231.00 million during the quarter. Ocwen Financial had a net margin of 0.19% and a return on equity of 0.45%.
A number of hedge funds have recently made changes to their positions in OCN. Metropolitan Life Insurance Co NY bought a new position in shares of Ocwen Financial in the 1st quarter valued at about $78,000. JPMorgan Chase & Co. boosted its stake in Ocwen Financial by 291.4% in the third quarter. JPMorgan Chase & Co. now owns 1,546 shares of the financial services provider’s stock valued at $33,000 after acquiring an additional 1,151 shares during the last quarter. TCW Group Inc. acquired a new stake in Ocwen Financial during the 4th quarter worth $1,918,000. GSA Capital Partners LLP raised its position in shares of Ocwen Financial by 10.2% during the 4th quarter. GSA Capital Partners LLP now owns 38,215 shares of the financial services provider’s stock valued at $1,105,000 after acquiring an additional 3,549 shares during the last quarter. Finally, BlackRock Inc. lifted its stake in shares of Ocwen Financial by 1.2% in the 4th quarter. BlackRock Inc. now owns 147,509 shares of the financial services provider’s stock valued at $4,265,000 after purchasing an additional 1,709 shares during the period. Hedge funds and other institutional investors own 50.12% of the company’s stock.
Ocwen Financial Company Profile
Ocwen Financial Corporation, a financial services company, originates and services mortgage loans in the United States, the United States Virgin Islands, India, and the Philippines. The company operates through Servicing and Originations segments. It provides commercial mortgage loan servicing, special servicing, and asset management services, as well as residential mortgage loan servicing, such as forward and reverse conventional, government-insured, and non-agency loans, including the reverse mortgage loans to owners of mortgage loans and foreclosed real estate.
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