Ocwen Financial Corp (OCN) Major Shareholder Leon G. Cooperman Purchases 178,198 Shares

Ocwen Financial Corp (NYSE:OCN) major shareholder Leon G. Cooperman bought 178,198 shares of the firm’s stock in a transaction on Friday, February 2nd. The shares were bought at an average cost of $3.24 per share, with a total value of $577,361.52. Following the purchase, the insider now directly owns 1,000,000 shares in the company, valued at $3,240,000. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

Shares of Ocwen Financial Corp (NYSE OCN) opened at $3.26 on Thursday. Ocwen Financial Corp has a 52 week low of $2.12 and a 52 week high of $5.97. The company has a debt-to-equity ratio of 9.82, a quick ratio of 5.07 and a current ratio of 5.07.

Several large investors have recently modified their holdings of the business. Vanguard Group Inc. boosted its stake in shares of Ocwen Financial by 1.7% during the 2nd quarter. Vanguard Group Inc. now owns 7,386,471 shares of the financial services provider’s stock valued at $19,869,000 after buying an additional 124,022 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Ocwen Financial by 22.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,780,380 shares of the financial services provider’s stock valued at $10,170,000 after buying an additional 687,332 shares during the period. Northern Trust Corp boosted its stake in shares of Ocwen Financial by 4.6% during the 2nd quarter. Northern Trust Corp now owns 2,243,305 shares of the financial services provider’s stock valued at $6,034,000 after buying an additional 99,342 shares during the period. State Street Corp boosted its stake in shares of Ocwen Financial by 5.3% during the 2nd quarter. State Street Corp now owns 1,962,268 shares of the financial services provider’s stock valued at $5,275,000 after buying an additional 98,624 shares during the period. Finally, Schwab Charles Investment Management Inc. boosted its stake in shares of Ocwen Financial by 11.3% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 1,439,702 shares of the financial services provider’s stock valued at $4,507,000 after buying an additional 146,735 shares during the period. 45.15% of the stock is owned by institutional investors.

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Ocwen Financial Company Profile

Ocwen Financial Corporation is a financial services holding company. The Company, through its subsidiaries, originates and services loans. The Company’s segments include Servicing, Lending, and Corporate Items and Other. The Company’s Servicing segment consists of its residential servicing business. The Company’s Lending segment is focused on originating and purchasing conventional and government-insured residential forward and reverse mortgage loans.

Insider Buying and Selling by Quarter for Ocwen Financial (NYSE:OCN)

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