First Trust Advisors LP Buys 31,528 Shares of Ocwen Financial Corp (OCN)

First Trust Advisors LP increased its position in shares of Ocwen Financial Corp (NYSE:OCN) by 18.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 200,349 shares of the financial services provider’s stock after acquiring an additional 31,528 shares during the quarter. First Trust Advisors LP owned approximately 0.15% of Ocwen Financial worth $268,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in OCN. Marshall Wace LLP purchased a new stake in shares of Ocwen Financial during the third quarter worth approximately $70,000. Canada Pension Plan Investment Board purchased a new position in Ocwen Financial in the fourth quarter valued at approximately $134,000. PNC Financial Services Group Inc. increased its stake in Ocwen Financial by 62,682.4% in the third quarter. PNC Financial Services Group Inc. now owns 57,132 shares of the financial services provider’s stock valued at $225,000 after purchasing an additional 57,041 shares during the last quarter. Rhumbline Advisers increased its stake in Ocwen Financial by 40.8% in the fourth quarter. Rhumbline Advisers now owns 172,243 shares of the financial services provider’s stock valued at $231,000 after purchasing an additional 49,881 shares during the last quarter. Finally, SG Americas Securities LLC increased its stake in Ocwen Financial by 61.8% in the fourth quarter. SG Americas Securities LLC now owns 224,354 shares of the financial services provider’s stock valued at $301,000 after purchasing an additional 85,711 shares during the last quarter. 64.47% of the stock is currently owned by hedge funds and other institutional investors.

In related news, major shareholder Leon G. Cooperman acquired 275,007 shares of the company’s stock in a transaction that occurred on Thursday, February 7th. The stock was purchased at an average price of $1.67 per share, for a total transaction of $459,261.69. Following the transaction, the insider now owns 1,000,000 shares in the company, valued at approximately $1,670,000. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Leon G. Cooperman acquired 250,000 shares of the company’s stock in a transaction that occurred on Monday, January 28th. The shares were bought at an average price of $1.67 per share, with a total value of $417,500.00. Following the transaction, the insider now owns 1,000,000 shares in the company, valued at approximately $1,670,000. The disclosure for this purchase can be found here. Company insiders own 0.70% of the company’s stock.

Shares of Ocwen Financial stock opened at $1.72 on Friday. Ocwen Financial Corp has a 52 week low of $1.20 and a 52 week high of $4.84. The company has a current ratio of 8.14, a quick ratio of 8.14 and a debt-to-equity ratio of 13.23.

Ocwen Financial (NYSE:OCN) last released its earnings results on Wednesday, February 27th. The financial services provider reported ($0.07) EPS for the quarter. Ocwen Financial had a negative net margin of 6.66% and a negative return on equity of 13.10%. The business had revenue of $310.93 million during the quarter.

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Ocwen Financial Company Profile

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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Institutional Ownership by Quarter for Ocwen Financial (NYSE:OCN)

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