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Ocwen Financial Corp. (OCN) CFO Vlack John Patrick Van buys 20,000 Shares

March 04, 2011 | About:
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insider

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EVP, CFO and CAO of Ocwen Financial Corp. (OCN) Vlack John Patrick Van buys 20,000 shares of OCN on 03/04/2011 at an average price of $10.36 a share.

Ocwen Financial Corp. has a market cap of $1.06 billion; its shares were traded at around $10.52 with a P/E ratio of 13.8 and P/S ratio of 3. Ocwen Financial Corp. had an annual average earning growth of 16.1% over the past 5 years.

Hedge Fund Gurus that owns OCN: Whitney Tilson of T2 Partners Management, LP. Mutual Fund and Other Gurus that owns OCN: Chuck Royce of Royce& Associates.


This is the insider trade history vs. stock price of OCN. For the complete insider trading history of OCN, click here.




Directors and Officers Recent Trades:


  • Sell: Chairman, 10% Owner William C Erbey sold 30,977 shares of OCN stock on 12/03/2010 at the average price of 9.01. William C Erbey owns at least 16,556,205 shares after this. The price of the stock has increased by 16.76% since.
  • Sell: Chairman, 10% Owner William C Erbey sold 9,450 shares of OCN stock on 12/01/2010 at the average price of 9.01. William C Erbey owns at least 16,587,182 shares after this. The price of the stock has increased by 16.76% since.
  • Sell: Chairman, 10% Owner William C Erbey sold 157,110 shares of OCN stock on 11/15/2010 at the average price of 9.11. William C Erbey owns at least 16,596,632 shares after this. The price of the stock has increased by 15.48% since.
  • Sell: Chairman, 10% Owner William C Erbey sold 118,800 shares of OCN stock on 11/12/2010 at the average price of 9.11. William C Erbey owns at least 16,753,742 shares after this. The price of the stock has increased by 15.48% since.


For the complete insider trading history of OCN, click here.

About the author:

GuruFocus - Stock Picks and Market Insight of Gurus

Tickers in the article:

  • CEO Buys, CFO Buys: Stocks that are bought by their CEO/CFOs.
  • Insider Cluster Buys: Stocks that multiple company officers and directors have bought.
  • Double Buys:: Companies that both Gurus and Insiders are buying
  • Triple Buys: Companies that both Gurus and Insiders are buying, and Company is buying back.

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Why CEOs Are Buying Stocks Of Their Own Companies?

  1. As legendary investor Peter Lynch said: "Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise."
  2. TOP EXECUTIVES like CEOs and CFOs are savvy buyers of their companies' shares. One long-term study showed that they beat the market on average by six percentage points a year.
  3. Another study found that the aggregated activities of insiders can serve as a good indicator to locate market bottoms. Insiders as a whole are smart investors of their own companies.

Click it to Check Out What the CEO Are Trading


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