Tuesday, February 06, 2018 10:15 PM ET
Ocwen Financial (OCN) sees Significant Insider buy Extending Trend of purchases over Last Quarter
One Ocwen Financial insider — Leon G Cooperman, 10% Owner — today, purchased 1,524,913 shares having a market value of approximately $4,836,471, as disclosed in a form 4 document filed with the SEC. There was one insider buy/sell transaction in the past 90 days prior to this transaction which resulted in the purchase of 494,459 shares. Adding the most recent activity to this 90-day history indicates insider trades have been net purchases of 2,019,372 shares and have averaged 1,009,686 shares per transaction over this time period.
Ocwen Financial insider trading represents a higher number of buy/sell transactions than for the 29 peer company average over the last 90-day period. The Retail & Mortgage Banks peer group saw 34 buy/sell trades during this period for an average of 1.2 transactions per company. The number of shares per buy/sell trade for Ocwen Financial insiders was also higher. Within the peer group there were 518,740 shares purchased and 285,412 shares sold with company insiders acquiring 8,333 shares on average.
The data obtained in creating and writing in this story eliminates all trading activity reported to the SEC that involves awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers.
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