Pennymac Financial Services, Inc. (PFSI): David M Walker , Chief Risk Officer of Pennymac Financial Services, Inc. sold 10,000 shares on Sep 19, 2016. The Insider selling transaction was reported by the company on Sep 21, 2016 to the Securities and Exchange Commission. The shares were sold at $17.77 per share for a total value of $177,737.00 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Sep 16, 2016, Anne Mccallion (Chief Financial Officer) sold 5,000 shares at $17.64 per share price.On Sep 8, 2016, David M Walker (Chief Risk Officer) sold 10,000 shares at $16.69 per share price.Also, On Jun 15, 2016, Daniel Stanley Perotti (Chief Asset & Liability Mgt Of) sold 189 shares at $13.52 per share price.On Jun 13, 2016, Gregory L Hendry (MD, Chief Accounting Officer) sold 141 shares at $13.90 per share price.
PennyMac Financial Services Inc: On Tuesday, Sep 21, 2016 heightened volatility was witnessed in PennyMac Financial Services Inc which led to swings in the share price. The shares opened for trading at $17.89 and hit $18.11 on the upside , eventually ending the session at $17.89, with a gain of 0.73% or 0.13 points. The heightened volatility saw the trading volume jump to 1,59,756 shares. The 52-week high of the share price is $18.13 and the company has a market cap of $397 M . The 52-week low of the share price is at $10.48.
Company has been under the radar of several Street Analysts.PennyMac Financial Services Inc is Resumed by Piper Jaffray to Overweight. The Rating was issued on Sep 9, 2016.PennyMac Financial Services Inc is Upgraded by BofA/Merrill to Buy. Earlier the firm had a rating of Neutral on the company shares. The Rating was issued on Jul 12, 2016.
PennyMac Financial Services Inc. (PFSI) is a specialty financial services firm. The Company is focused on the production and servicing of the United States residential mortgage loans and the management of investments related to the United States mortgage market. The Company operates through three segments: loan production loan servicing (collectively mortgage banking) and investment management. PFSI’s principal mortgage banking subsidiary PennyMac Loan Services LLC (PLS) is a non-bank producer and servicer of mortgage loans in the United States. PLS services loans in 50 states of the United States the District of Columbia Guam and the United States Virgin Islands and originates loans in 49 states and the District of Columbia in the United States. The Company’s principal investment management subsidiary PNMAC Capital Management LLC (PCM) provides investment management services.