NYSE:OCN (USA) Also Trade In: Germany UK

Ocwen Financial Corp $ 29.58 -0.02 (-0.07%)

Volume:
15,938
Avg Vol (1m):
73,674
Market Cap $:
259.97 Mil
Enterprise Value $:
9.26 Bil
PE Ratio:
0.00
PB Ratio:
0.64
Warning! GuruFocus has detected 5 Severe warning signs with OCN. Click here to check it out.
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Ocwen Financial Corp News and Headlines -

GuruFocus Articles Total 24
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Financial services maintain strongest sector weighting

Leon Cooperman (Trades, Portfolio), founder of Omega Advisors, has revealed a reduction in his Ocwen Financial Corp. (OCN) position according to GuruFocus' Real-Time Picks, a Premium feature.

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

353 Views    Graham Griffin    2021-01-22 21:27
Insiders invest in Tenneco, Ocwen Financial and Southwestern Energy

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

86 Views    Myra Ramdenbourg    2019-08-18 20:43
Adobe Systems on the list

The founder and chairman of Omega Advisors, Leon Cooperman (Trades, Portfolio), bought shares of the following stocks in both the first quarter of 2018 and fourth quarter of 2017.

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.

9d1c965b3110152d947e46a05e12daf9.png

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.

David Tepper (Trades, Portfolio)

168 Views    Tiziano Frateschi    2018-05-30 16:12
State and federal enforcement officials have accused the mortgage servicing company of misconduct.

Hedge fund manager Leon Cooperman (Trades, Portfolio) has raised his ownership stake in a struggling home mortgage servicing company.

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

620 Views    Yamil Berard    2018-03-02 20:55

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,

4463 Views    Activewits    2015-08-03 20:29

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.

4662 Views    David Goodloe    2015-06-25 22:05

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

935 Views    Bavneet Singh Nagpal    2015-05-20 21:24

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.

2065 Views    GuruFocus    2015-05-15 21:52

Howard Marks (Trades, Portfolio) is the founder and chairman of Oaktree Capital Management, which is the world’s largest distressed-debt investor.

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

1247 Views    Sheila Dang    2015-05-14 18:15

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.

His portfolio is composed of 8 Stocks for a total Value of $325 Mil and during the Q4 of 2014 he bought three new stocks –Â Ocwen Financial Corp (

1263 Views    Tiziano Frateschi    2015-03-23 21:06

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

1382 Views    Amber Harris    2015-02-18 19:23

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

844 Views    Jimmy Xiao    2015-01-12 04:16

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

1322 Views    David Goodloe    2014-12-17 22:44

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

3151 Views    GuruFocus    2014-11-14 23:08

[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

2123 Views    Holly LaFon    2014-10-03 02:53

[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

1880 Views    Holly LaFon    2014-05-14 16:59
According to [url=http://www.gurufocus.com/InsiderBuy.php]GuruFocus Insider Data[/url], the largest insider sells during the past week were: Google Inc, Freeport-McMoRan Copper & Gold, Gilead Sciences Inc, Pandora Media Inc, and Ocwen Financial Corporation. The overall trend of insiders is illustrated in the chart below: [b]Google, Inc. (GOOG): Executive Chairman of Board Eric E Schmidt sold 46,315 Shares[/b] Executive Chairman of Board of Google, Inc. (GOOG) Eric E Schmidt sold 46,315 shares during the past week at an average price of $1059.59. Google, Inc. has a market cap of $354 billion; its shares were traded at around
883 Views    Jimmy Xiao    2013-12-02 14:22
According to [url=http://www.gurufocus.com/update/article_insider_sell.php]GuruFocus Insider Data[/url], the CFO and other executive sales during the past month were: Gilead Sciences Inc.,[b] [/b]Prudential Financial Inc., Ocwen Financial Corporation and Facebook Inc. [b]Gilead Sciences Inc. (GILD): SVP and CFO Robin L. Washington Sold 2,869 Shares[/b] SVP and CFO Robin L. Washington recently sold 2,869 shares on 11/06/2013 at an average price of $68.63. The price of the stock has increased by 8.22% since. Gilead Sciences Inc has a market cap of $113.88 billion. Over the past five years, it has had an annual average earnings growth of 14.80%; additionally, its shares were traded at
1029 Views    Myra Ramdenbourg    2013-11-25 15:42
Hedge fund Omega Advisors, founded by former Goldman Sachs Asset Management CEO and legendary Guru investor [url=http://www.gurufocus.com/StockBuy.php?GuruName=Leon+Cooperman]Leon Cooperman[/url], reported a total of 45 transactions in its third quarter portfolio updates, consisting of the following:
[b]Additions to Current Shares [/b] 21
[b]New Buys[/b] 8
[b]Reductions to Current Shares[/b] 7
[b]Sold Out[/b] 9
As of the end of the third quarter, Omega Advisors’ portfolio included 77 stocks, with a total value of almost $5 billion, and a quarter-over-quarter turnover rate of 13 percent. The fund’s portfolio [url=http://www.gurufocus.com/weightings/Leon+Cooperman]sector weighting[/url] is as follows:
[b]Financials[/b] 28.40%
[b]Oil & Gas[/b]
963 Views    Dianne Tordillo    2012-11-14 17:42
[url=http://www.gurufocus.com/StockBuy.php?GuruName=Julian+Robertson]Julian Robertson[/url] likes Ryan Air (RYAAY), Rolls Royce (RYCEY), Capital One (COF), Ocwen Financial (OCN) and advises investors to avoid steel:
1828 Views    Holly LaFon    2012-10-23 22:13

Headlines Total 78
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2021-02-24 $ 29.6 (2.78%)
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