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

PennyMac Financial Services Inc (NYSE:PFSI) insider David M. Walker sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, January 9th. The shares were sold at an average price of $22.59, for a total transaction of $225,900.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

David M. Walker also recently made the following trade(s):

  • On Thursday, November 16th, David M. Walker sold 10,000 shares of PennyMac Financial Services stock. The stock was sold at an average price of $18.98, for a total transaction of $189,800.00.
  • On Tuesday, November 14th, David M. Walker sold 10,000 shares of PennyMac Financial Services stock. The stock was sold at an average price of $18.63, for a total transaction of $186,300.00.
  • On Monday, October 16th, David M. Walker sold 5,000 shares of PennyMac Financial Services stock. The stock was sold at an average price of $18.13, for a total transaction of $90,650.00.
  • On Tuesday, October 17th, David M. Walker sold 10,000 shares of PennyMac Financial Services stock. The stock was sold at an average price of $18.17, for a total transaction of $181,700.00.

PennyMac Financial Services Inc (NYSE:PFSI) traded up $0.20 on Thursday, reaching $23.25. 106,400 shares of the company traded hands, compared to its average volume of 195,327. The stock has a market capitalization of $536.79, a PE ratio of 8.87, a price-to-earnings-growth ratio of 1.57 and a beta of 0.68. PennyMac Financial Services Inc has a 52 week low of $15.65 and a 52 week high of $24.00. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 1.66.

PennyMac Financial Services (NYSE:PFSI) last posted its earnings results on Thursday, November 2nd. The real estate investment trust reported $0.71 earnings per share for the quarter, meeting the Thomson Reuters’ 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. The firm’s revenue was down 14.0% compared to the same quarter last year. analysts anticipate that PennyMac Financial Services Inc will post 2.29 earnings per share for the current year.

A number of hedge funds have recently added to or reduced their stakes in PFSI. Citigroup Inc. lifted its position in PennyMac Financial Services by 1,652.1% during the second quarter. Citigroup Inc. now owns 6,150 shares of the real estate investment trust’s stock valued at $103,000 after purchasing an additional 5,799 shares during the last quarter. Victory Capital Management Inc. lifted its position in PennyMac Financial Services by 17.6% during the second quarter. Victory Capital Management Inc. now owns 6,964 shares of the real estate investment trust’s stock valued at $116,000 after purchasing an additional 1,042 shares during the last quarter. Voya Investment Management LLC bought a new position in PennyMac Financial Services during the second quarter valued at $174,000. The Manufacturers Life Insurance Company lifted its position in PennyMac Financial Services by 11.5% during the second quarter. The Manufacturers Life Insurance Company now owns 12,732 shares of the real estate investment trust’s stock valued at $213,000 after purchasing an additional 1,312 shares during the last quarter. Finally, Cubist Systematic Strategies LLC lifted its position in PennyMac Financial Services by 23.6% during the second quarter. Cubist Systematic Strategies LLC now owns 13,025 shares of the real estate investment trust’s stock valued at $218,000 after purchasing an additional 2,489 shares during the last quarter. Institutional investors and hedge funds own 90.83% of the company’s stock.

PFSI has been the subject of a number of analyst reports. Barclays set a $25.00 price objective on shares of PennyMac Financial Services and gave the stock a “buy” rating in a research note on Tuesday, December 12th. ValuEngine raised shares of PennyMac Financial Services from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, November 15th. Zacks Investment Research raised shares of PennyMac Financial Services from a “hold” rating to a “buy” rating and set a $25.00 target price for the company in a research note on Tuesday, December 26th. BidaskClub raised shares of PennyMac Financial Services from a “sell” rating to a “hold” rating in a research note on Wednesday, September 27th. Finally, Keefe, Bruyette & Woods cut shares of PennyMac Financial Services from an “outperform” rating to a “market perform” rating in a research note on Monday, January 8th. Three research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target 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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