Ocwen Economic (NYSE:OCN) Share Selling price Crosses Previously mentioned 200 Working day Transferring Common of $22.53

George T. Taft

Ocwen Monetary Co. (NYSE:OCN)’s stock price tag crossed above its two hundred day moving normal during buying and selling on Friday . The stock has a two hundred day transferring average of $22.53 and traded as substantial as $26.58. Ocwen Money shares very last traded at $26.07, with a quantity of 40,766 shares traded.

The company has a current market cap of $226.39 million, a value-to-earnings ratio of 100.46 and a beta of 1.74. The firm has a rapid ratio of 12.46, a present ratio of 12.46 and a financial debt-to-equity ratio of 21.21. The company’s 50-day transferring common price is $27.34 and its 200-day shifting average price is $22.53.

Ocwen Fiscal (NYSE:OCN) final introduced its earnings final results on Tuesday, November 3rd. The economic providers service provider noted ($1.09) earnings per share for the quarter. The enterprise experienced profits of $249.04 million for the quarter. Ocwen Financial experienced a return on fairness of .45% and a internet margin of .19%.

Institutional buyers have not too long ago acquired and offered shares of the company. JPMorgan Chase & Co. boosted its holdings in Ocwen Economical by 291.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,546 shares of the economic products and services provider’s stock valued at $33,000 soon after obtaining an extra 1,151 shares throughout the period of time. O Shaughnessy Asset Management LLC acquired a new stake in Ocwen Economical in the 3rd quarter valued at about $121,000. GSA Money Companions LLP boosted its stake in shares of Ocwen Fiscal by 198.9% in the 3rd quarter. GSA Capital Partners LLP now owns 34,666 shares of the monetary expert services provider’s inventory valued at $732,000 right after shopping for an further 23,070 shares in the course of the period of time. Two Sigma Advisers LP grew its place in shares of Ocwen Economic by 8.1% throughout the 2nd quarter. Two Sigma Advisers LP now owns 214,131 shares of the monetary providers provider’s stock value $142,000 immediately after acquiring an supplemental 16,100 shares in the past quarter. Last but not least, Jane Street Team LLC ordered a new stake in shares of Ocwen Fiscal through the second quarter worth approximately $84,000. 50.12% of the stock is at this time owned by institutional investors and hedge funds.

About Ocwen Financial (NYSE:OCN)

Ocwen Fiscal Company, a fiscal solutions company, originates and solutions property finance loan loans in the United States, the United States Virgin Islands, India, and the Philippines. The enterprise operates by means of Servicing and Lending segments. It provides business property finance loan personal loan servicing, exclusive servicing, and asset administration services, as well as residential home loan loan servicing, this kind of as common, federal government-insured, and non-agency financial loans to entrepreneurs of property finance loan financial loans and foreclosed serious estate.

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