Media stories about Ocwen (NYSE:OCN) have trended somewhat positive on Sunday, according to Accern Sentiment Analysis. Accern identifies positive and negative news coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Ocwen earned a news sentiment score of 0.19 on Accern’s scale. Accern also gave media headlines about the financial services provider an impact score of 45.7374663907836 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
These are some of the news stories that may have effected Accern Sentiment’s scoring:
- Ocwen Financial Corp (NYSE:OCN) Sentiment Change Report (nmsuherald.com)
- Ocwen Financial Corporation (OCN): Financial Stock to Track: (stocksgeeks.com)
- Ocwen Financial Corporation (OCN) expected to achieve 85.20% earnings growth for this year (wallstreetinvestorplace.com)
- Jury awards $3.5M to woman who claimed loan servicer mishandled mortgage during, after Chapt 13 bankruptcy (cookcountyrecord.com)
- Analyst’s Focused Stock: Ocwen Financial Corporation (OCN) (nasdaqexpress.com)
NYSE OCN opened at $4.09 on Friday. Ocwen has a twelve month low of $2.12 and a twelve month high of $5.53. The company has a quick ratio of 5.42, a current ratio of 5.42 and a debt-to-equity ratio of 11.13. The stock has a market cap of $556.11, a P/E ratio of -4.35 and a beta of 1.19.
Separately, ValuEngine upgraded Ocwen from a “sell” rating to a “hold” rating in a research note on Saturday, March 17th. One investment analyst has rated the stock with a sell rating and five have given a hold rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $3.33.
In related news, major shareholder Leon G. Cooperman acquired 29,187 shares of the stock in a transaction dated Friday, March 2nd. The shares were bought at an average cost of $3.54 per share, for a total transaction of $103,321.98. Following the purchase, the insider now owns 1,000,000 shares in the company, valued at approximately $3,540,000. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Also, major shareholder Leon G. Cooperman acquired 494,459 shares of the stock in a transaction dated Tuesday, January 23rd. The stock was bought at an average price of $3.16 per share, for a total transaction of $1,562,490.44. The disclosure for this purchase can be found here. In the last ninety days, insiders acquired 1,517,551 shares of company stock valued at $4,985,671. Insiders own 2.36% of the company’s stock.
Ocwen Financial Corporation, a financial services holding company, originates and services loans in the United States, the United States Virgin Islands, India, and Philippines. Its Servicing segment provides residential and commercial mortgage loan servicing, special servicing, and asset management services to owners of mortgage loans and foreclosed real estate.
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