Wednesday, January 24, 2018 10:15 PM ET
Significant Insider buy of Ocwen Financial (OCN) Shares Breaks neutral Trend of Last Quarter
There was a noteworthy insider buy in Ocwen Financial shares today as revealed in a filing with the SEC. One insider — Leon G Cooperman, 10% Owner — acquired 494,459 shares in the company having a net market value of approximately $1,561,489. This is the first insider buy/sell trade in the past 90 days.
Ocwen Financial level of buy-sell trading activity is close to the 29 member peer company average. The Retail & Mortgage Banks peer group saw 28 buy/sell trades during this period for an average of 1.0 transactions per company. However, the number of shares per buy/sell trade transacted by Ocwen Financial insiders is higher. Within the peer group there were 23,351 shares purchased and 239,812 shares sold with company insiders disposing of 7,731 shares on average.
For the purpose of evaluating significant insider buying and selling all trades reported to the SEC that involve awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers have been eliminated in data obtained to compose and write this story.
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