Insider Selling: PennyMac Financial Services Inc (PFSI) Insider Sells $161,775.00 in Stock

PennyMac Financial Services Inc (NYSE:PFSI) insider Doug Jones sold 7,500 shares of the stock in a transaction on Tuesday, December 12th. The stock was sold at an average price of $21.57, for a total transaction of $161,775.00. The sale was disclosed in a legal filing with the SEC, which is available 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 stock was sold at an average price of $21.95, for a total transaction of $329,250.00.

Shares of PennyMac Financial Services Inc (NYSE:PFSI) opened at $21.80 on Friday. The company has a market cap of $510.01, a PE ratio of 8.36, a PEG ratio of 1.92 and a beta of 0.68. 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 12-month low of $15.65 and a 12-month high of $22.20.

PennyMac Financial Services (NYSE:PFSI) last issued its earnings results on Thursday, November 2nd. The real estate investment trust reported $0.71 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.71. The business had revenue of $250.64 million during the quarter, compared to analysts’ expectations of $238.59 million. PennyMac Financial Services had a net margin of 6.47% and a return on equity of 4.11%. PennyMac Financial Services’s revenue for the quarter was down 14.0% compared to the same quarter last year. sell-side analysts anticipate that PennyMac Financial Services Inc will post 2.29 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently modified their holdings of PFSI. Mangrove Partners acquired a new stake in shares of PennyMac Financial Services in the third quarter valued at about $12,760,000. Numeric Investors LLC increased its position in PennyMac Financial Services by 72.1% during the second quarter. Numeric Investors LLC now owns 776,152 shares of the real estate investment trust’s stock worth $12,962,000 after purchasing an additional 325,169 shares during the last quarter. Dimensional Fund Advisors LP increased its position in PennyMac Financial Services by 31.4% during the second quarter. Dimensional Fund Advisors LP now owns 531,824 shares of the real estate investment trust’s stock worth $8,882,000 after purchasing an additional 127,022 shares during the last quarter. Vanguard Group Inc. increased its position in PennyMac Financial Services by 7.3% during the first quarter. Vanguard Group Inc. now owns 1,544,525 shares of the real estate investment trust’s stock worth $26,334,000 after purchasing an additional 105,654 shares during the last quarter. Finally, Parametric Portfolio Associates LLC increased its position in PennyMac Financial Services by 183.2% during the second quarter. Parametric Portfolio Associates LLC now owns 84,188 shares of the real estate investment trust’s stock worth $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.

A number of equities analysts have weighed in on the stock. ValuEngine cut shares of PennyMac Financial Services from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 17th. Zacks Investment Research upgraded shares of PennyMac Financial Services from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 17th. 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. BidaskClub upgraded shares of PennyMac Financial Services from a “sell” rating to a “hold” rating in a research report on Wednesday, September 27th. Finally, Piper Jaffray Companies restated a “buy” rating on shares of PennyMac Financial Services in a research report on Tuesday, September 19th. Two research analysts have rated the stock with a sell rating, two have given a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. PennyMac Financial Services has an average rating of “Buy” and an average price target of $21.50.

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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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