Ocwen Financial Corp $ 29.58 -0.02 (-0.07%)
Ocwen Financial Corp News and Headlines -
Cooperman, who now heads a family office, combines his macro view and fundamental valuation in his investing strategy. He does try to predict the market direction, but pays close attention to valuations, too.
On Jan. 15, Cooperman sold 100,000 shares of Ocwen Financial to reduce the holding by 11.38%. On the day of the sale, the shares traded at an average price of $26.28. Overall, the sale had an
According to GuruFocus insider data, the recent chief financial officer buys were Tenneco Inc. (TEN), Ocwen Financial Corp (OCN) and Southwestern Energy Co (SWN).
Tenneco CFO bought 60,000 shares
Executive Vice President and CFO Jason M. Hollar bought 60,000 shares for $9.44 per share on Aug. 8. Since then, the share price has increased by 0.11%. Tenneco has a market cap of $764.699 million and its shares were traded around $9.45. The company has a price-sales ratio of 0.05. The trailing 12-month dividend yield is 7.94%, while the forward dividend yield is 10.58%. Over the past 10 years, Tenneco had
Energy Transfer Equity LP (ETE)
In the fourth quarter, the guru boosted his position 106.03% and increased it 126.20% in the first quarter.
With a market cap of $18.11 billion, the company owns and operates, natural gas systems and gas processing plants. Its revenue of $43.17 million has increased 18.50% over the past five years.
The CEO of Omega Advisors owns more than 15.3 million shares, or over 11%, of Florida-based Ocwen Financial Corp. (OCN). The guru investor purchased over 50,000 shares, based on the most recent update to his portfolio.Â
Year to date, Ocwen stock is up 18%. Over the last three years, however, Ocwen stock dove 60% after a series of enforcement actions involving attorney generals in multiple states, the Consumer Financial Protection Bureau and others. Just last April, the
Ocwen Financial Corporation’s (OCN) stock price fell over 28% today. It’s a stock that many Gurus have owned including Kyle Bass, Howard Marks, Paul Tudor Jones, and Joel Greenblatt. Many of them sold out in the March 2015 quarter. At least one Guru, Seth Klarman (Trades, Portfolio), still holds shares. Per GuruFocus, Klarman’s Baupost Group owns 6.25% of OCN’s shares outstanding. Baupost began accumulating in Q3 2014 and bought more in Q1 2015. From what we can tell, Baupost is sitting on a loss over 50%. Of course,
Guru Alan Fournier (Trades, Portfolio) has been investing for more than a quarter of a century. Today he manages Pennant Master Fund, Pennant Windward Master Fund, Broadway Gate Master Fund, Ltd., and Pennant General Partner, LLC. Perhaps understandably, his personal investments have been modest compared to many of the gurus we follow, but in the first quarter of 2015, they were significant, as they usually are.
Gilead Sciences Inc (GILD), a California-based biotechnology company, is widely considered one of the hottest stocks in the market these days, but Fournier sold his 2,141,000-share stake in the first quarter.
PHH Corporation (PHH) was incorporated in 1953 as a Maryland corporation; from April 30, 1977 to February 1, 2005 it was a wholly owned subsidiary of Cendant Corporation, but after February 1, 2005 PHH started operating independently. PHH is a leading non-bank mortgage originator and servicer of U.S. residential mortgage loans. Through its subsidiaries, it provides outsourced mortgage banking services to a disparate set of clients, including financial institutions and real estate brokers, and is focused on originating, selling and servicing residential mortgage loans. As per the survey of Inside Mortgage Finance, PHH Mortgage stood as the sixth-largest mortgage loan
Legendary value investor, hedge fund manager [url=http://www.gurufocus.com/StockBuy.php?GuruName=Seth+Klarman]Seth Klarman[/url] ([url=http://www.gurufocus.com/StockBuy.php?GuruName=Seth+Klarman]Trades[/url], [url=http://www.gurufocus.com/holdings.php?GuruName=Seth+Klarman]Portfolio[/url]) buys Pioneer Natural Resources Co, SunEdison Semiconductor Ltd, Atara Biotherapeutics Inc, KLX Inc, Keryx Biopharmaceuticals Inc, Ocwen Financial Corp, Bellatrix Exploration Ltd, sells Syneron Medical Ltd during the 3-months ended , according to the most recent filings of his investment company, The Baupost Group. As of , The Baupost Group owns 27 stocks with a total value of $5.9 billion. These are the details of the buys and sells.
The firm invests in specialized niche markets, but the primary goal is superior performance with less-than-commensurate risk, according to the company website.
Marks’ portfolio contains 68 stocks, with the majority of assets in the real estate industry at 31%, followed by 22.9% in consumer cyclical stocks, and 12.6% in financial services.
During the first quarter, Marks added nine new stocks to the portfolio and sold out of five others.
Pulse Electronics (PULS)
Marks sold 11,999,585
Kyle Bass is the managing member and principal of Hayman Capital Management's general partner, formed in December 2005. Hayman Capital Management serves as the investment manager to the Hayman Capital Master Fund LP and Japan Macro Opportunities Master Fund LP.
Kyle Bass (Trades, Portfolio) makes bold bets according to his view on macroeconomics. He made a fortune in 2007 by betting against sub-prime CDOs.
Kyle Bass (Trades, Portfolio) grew up lower-middle class in Miami, FL. in which his parents lived from paycheck to paycheck, so he never learned firsthand what it meant to invest and save money. However, he took an interest in it when he was in college at Texas Christian University, where he took the class as an elective to his math and science courses. He originally wanted to get into medicine, but changed his major after the world of finance and investing began to intrigue him the more he learned.
Bass is now
According to GuruFocus list of 3-year lows, Mattel Inc, Nuance Communications Inc, Clean Harbors Inc, and Ocwen Financial Corp have all reached their 3-year lows.
Mattel Inc (MAT) Reached $29.10
The prices of Mattel Inc (MAT) shares have declined to $29.10, which is 42.3% off the 3-year high of $48.48.
Mattel Inc has a market cap of $10.48 billion; its shares were traded at around $29.10 with a P/E ratio of 14.20 and P/S ratio of 1.62. The dividend yield of Mattel Inc stocks is 5.22% and it had an annual average earnings growth of 6.80% over the
On the surface, it seems that hedge fund manager Alan Fournier (Trades, Portfolio) would be too busy managing other people’s money to worry about his own investments. After all, he manages Pennant Master Fund, Pennant Windward Master Fund, Broadway Gate Master Fund, Ltd. and Pennant General Partner, LLC.
But even with his responsibilities, Fournier still managed to buy and sell large quantities of stocks in the third quarter – and many of his transactions reflected his preference for healthcare, energy and industrial stocks.
Fournier added stakes in two companies that are new to his
Renowned value investor, hedge fund manager [url=http://www.gurufocus.com/StockBuy.php?GuruName=Seth+Klarman]Seth Klarman[/url] ([url=http://www.gurufocus.com/StockBuy.php?GuruName=Seth+Klarman]Trades[/url], [url=http://www.gurufocus.com/holdings.php?GuruName=Seth+Klarman]Portfolio[/url]) just reported his third quarter portfolio. [url=http://www.gurufocus.com/StockBuy.php?GuruName=Seth+Klarman]Seth Klarman[/url] ([url=http://www.gurufocus.com/StockBuy.php?GuruName=Seth+Klarman]Trades[/url], [url=http://www.gurufocus.com/holdings.php?GuruName=Seth+Klarman]Portfolio[/url]) buys Cheniere Energy Inc, Ocwen Financial Corp, Antero Resources Corp, Veritiv Corp, Keryx Biopharmaceuticals Inc, eBay Inc, PBF Energy Inc, Forward Pharma AS, PBF Energy Inc, Atara Biotherapeutics Inc, sells Boyd Gaming Corporation, Theravance Inc, Syneron Medical Ltd during the 3-months ended 09/30/2014, according to the most recent filings of his investment company, The Baupost Group. As of 09/30/2014, The Baupost Group owns 27 stocks with a total value of $5.7 billion. These are the details of the buys and
[url=http://www.gurufocus.com/StockBuy.php?GuruName=Alan+Fournier]Alan Fournier[/url] ([url=http://www.gurufocus.com/StockBuy.php?GuruName=Alan+Fournier]Trades[/url], [url=http://www.gurufocus.com/holdings.php?GuruName=Alan+Fournier]Portfolio[/url]) is the founder of hedge fund Pennant Capital Management and formerly worked at [url=http://www.gurufocus.com/StockBuy.php?GuruName=David+Tepper]David Tepper[/url] ([url=http://www.gurufocus.com/StockBuy.php?GuruName=David+Tepper]Trades[/url], [url=http://www.gurufocus.com/holdings.php?GuruName=David+Tepper]Portfolio[/url])’s fund, Appaloosa Management. The guru on Thursday announced he made a 75.77% increase in his holding of Ocwen Financial Corp (OCN), according to Real Time Picks.
Fournier purchased 4,070,366 shares of the company, bringing his total holding to 9,442,047 shares. The holding represents 7.2% of the company’s shares outstanding. Fournier began purchasing the stock in fourth quarter 2013 when the price averaged $55 per share. It closed Thursday at $25 per share, near a 12-month low, after falling
[url=http://www.gurufocus.com/StockBuy.php?GuruName=Howard+Marks]Howard Marks[/url] ([url=http://www.gurufocus.com/StockBuy.php?GuruName=Howard+Marks]Trades[/url], [url=http://www.gurufocus.com/holdings.php?GuruName=Howard+Marks]Portfolio[/url]) is the chairman of Oaktree, a management firm with $86 billion in assets. In his most recent memo, “Dare to Be Great II,” he shared a secret to his investing success:
“The answer may not be obvious, but it’s imperative: you have to assemble a portfolio that’s different from those held by most other investors. If your portfolio looks like everyone else’s, you may do well, or you may do poorly, but you can’t do different. And being different is absolutely essential if you want a chance at being superior. In order to get into
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963 Views Dianne Tordillo 2012-11-14 17:42