Daniel Stanley Perotti Sells 5,442 Shares of PennyMac Financial Services, Inc. (PFSI) Stock

PennyMac Financial Services, Inc. (NYSE:PFSI) CFO Daniel Stanley Perotti sold 5,442 shares of the business’s stock in a transaction dated Tuesday, November 28th. The shares were sold at an average price of $20.00, for a total transaction of $108,840.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Daniel Stanley Perotti also recently made the following trade(s):

  • On Monday, November 20th, Daniel Stanley Perotti sold 5,442 shares of PennyMac Financial Services stock. The shares were sold at an average price of $19.42, for a total transaction of $105,683.64.

Shares of PennyMac Financial Services, Inc. (NYSE PFSI) traded up $1.50 during mid-day trading on Thursday, hitting $21.55. 255,500 shares of the company were exchanged, compared to its average volume of 178,591. The stock has a market cap of $466.92, a PE ratio of 7.65, a P/E/G ratio of 1.79 and a beta of 0.63. 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, Inc. has a 12 month low of $15.65 and a 12 month high of $21.65.

PennyMac Financial Services (NYSE:PFSI) last announced its quarterly 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 company had revenue of $250.64 million for 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%. The firm’s revenue was down 14.0% compared to the same quarter last year. sell-side analysts anticipate that PennyMac Financial Services, Inc. will post 2.24 EPS for the current fiscal year.

Several hedge funds have recently made changes to their positions in the stock. Alps Advisors Inc. lifted its stake in shares of PennyMac Financial Services by 0.3% during the 2nd quarter. Alps Advisors Inc. now owns 27,680 shares of the real estate investment trust’s stock valued at $462,000 after buying an additional 72 shares in the last quarter. American International Group Inc. lifted its stake in shares of PennyMac Financial Services by 7.2% during the 1st quarter. American International Group Inc. now owns 8,384 shares of the real estate investment trust’s stock valued at $143,000 after buying an additional 562 shares in the last quarter. California State Teachers Retirement System lifted its stake in shares of PennyMac Financial Services by 2.9% during the 2nd quarter. California State Teachers Retirement System now owns 28,126 shares of the real estate investment trust’s stock valued at $470,000 after buying an additional 800 shares in the last quarter. Strs Ohio lifted its stake in shares of PennyMac Financial Services by 2.7% during the 2nd quarter. Strs Ohio now owns 38,700 shares of the real estate investment trust’s stock valued at $646,000 after buying an additional 1,000 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its stake in shares of PennyMac Financial Services by 17.6% during the 2nd quarter. Victory Capital Management Inc. now owns 6,964 shares of the real estate investment trust’s stock valued at $116,000 after buying an additional 1,042 shares in the last quarter. Institutional investors own 91.01% of the company’s stock.

A number of research analysts have weighed in on the stock. ValuEngine upgraded 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 cut shares of PennyMac Financial Services from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 25th. BidaskClub upgraded shares of PennyMac Financial Services from a “sell” rating to a “hold” rating in a research note on Wednesday, September 27th. Finally, Piper Jaffray Companies restated a “buy” rating on shares of PennyMac Financial Services in a research note on Tuesday, September 19th. Two analysts have rated the stock with a sell rating, two have given a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $20.33.

COPYRIGHT VIOLATION WARNING: This article was posted by Sports Perspectives and is owned by of Sports Perspectives. If you are viewing this article on another website, it was illegally stolen and republished in violation of United States and international copyright & trademark law. The correct version of this article can be read at https://sportsperspectives.com/2017/11/30/daniel-stanley-perotti-sells-5442-shares-of-pennymac-financial-services-inc-pfsi-stock.html.

PennyMac Financial Services Company Profile

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)

Receive News & Ratings for PennyMac Financial Services Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PennyMac Financial Services Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply