Insider Makes Significant Stock buy in Ocwen Financial (OCN) Shares Extends the Trend of Last 90 Days

Monday, March 05, 2018 10:15 PM ET

Insider Makes Significant Stock buy in Ocwen Financial (OCN) Shares Extends the Trend of Last 90 Days

Notable insider buying activity was revealed in Ocwen Financial shares in a form 4 document filed with the SEC today, showing — Leon G Cooperman, 10% Owner — acquired 539,798 shares in the company having a net market value of approximately $1,923,882. There was one insider buy/sell transaction in the past 90 days prior to this transaction which resulted in the purchase of 2,073,372 shares. Adding the most recent activity to this 90-day history indicates insider trades have been net purchases of 2,613,170 shares and have averaged 1,306,585 shares per transaction over this time period.

Relative to its peers over the last 90 days, insider buy/sell trading at Ocwen Financial is greater than the 31-company peer group average. Retail & Mortgage Banks peer group saw 33 buy/sell trades during this period for an average of 1.1 transactions per company. The number of shares per buy/sell trade for Ocwen Financial insiders was also higher. Within the peer group there were 2,100,447 shares purchased and 344,407 shares sold with company insiders acquiring 83,621 shares on average.

In determining significant insider buying and selling, 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 sourced to create and write this story.

Using proprietary Natural Language Generation (NLG) technology, UpTick evaluates corporate insider filings reported to the SEC and creates real-time news and analysis to report the most significant insider transactions based on transaction type, size and historical trends.

For more information, contact UpTick at Copyright 2018 UpTick Data Technologies. All rights reserved.

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