3,042 Shares in PennyMac Financial Services, Inc. (NYSE:PFSI) Bought by GSA Capital Partners LLP

GSA Capital Partners LLP purchased a new position in PennyMac Financial Services, Inc. (NYSE:PFSI) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 3,042 shares of the real estate investment trust’s stock, valued at approximately $347,000.

Several other hedge funds have also bought and sold shares of PFSI. Edgestream Partners L.P. raised its position in shares of PennyMac Financial Services by 256.9% during the 2nd quarter. Edgestream Partners L.P. now owns 84,861 shares of the real estate investment trust’s stock valued at $8,028,000 after buying an additional 61,087 shares in the last quarter. American Century Companies Inc. raised its position in shares of PennyMac Financial Services by 13.2% during the 2nd quarter. American Century Companies Inc. now owns 347,979 shares of the real estate investment trust’s stock valued at $32,919,000 after buying an additional 40,676 shares in the last quarter. EMG Holdings L.P. raised its position in shares of PennyMac Financial Services by 107.4% during the 2nd quarter. EMG Holdings L.P. now owns 64,451 shares of the real estate investment trust’s stock valued at $6,097,000 after buying an additional 33,370 shares in the last quarter. Denali Advisors LLC raised its position in shares of PennyMac Financial Services by 63.0% during the 2nd quarter. Denali Advisors LLC now owns 67,800 shares of the real estate investment trust’s stock valued at $6,414,000 after buying an additional 26,200 shares in the last quarter. Finally, 1832 Asset Management L.P. purchased a new stake in shares of PennyMac Financial Services during the 1st quarter valued at about $1,785,000. Hedge funds and other institutional investors own 57.87% of the company’s stock.

Insiders Place Their Bets

In other news, CAO Gregory L. Hendry sold 3,032 shares of the company’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $102.09, for a total value of $309,536.88. Following the completion of the transaction, the chief accounting officer now owns 48,040 shares in the company, valued at approximately $4,904,403.60. This represents a 5.94 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Daniel Stanley Perotti sold 10,500 shares of the company’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $100.02, for a total transaction of $1,050,210.00. Following the completion of the transaction, the chief financial officer now owns 225,497 shares of the company’s stock, valued at approximately $22,554,209.94. The trade was a 4.45 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 91,991 shares of company stock worth $9,948,749 in the last 90 days. Corporate insiders own 16.60% of the company’s stock.

PennyMac Financial Services Price Performance

PennyMac Financial Services stock opened at $105.68 on Friday. The company’s 50 day simple moving average is $106.77 and its 200-day simple moving average is $100.18. The company has a market capitalization of $5.42 billion, a price-to-earnings ratio of 33.55 and a beta of 1.79. PennyMac Financial Services, Inc. has a 1 year low of $76.57 and a 1 year high of $119.13. The company has a debt-to-equity ratio of 2.75, a quick ratio of 0.38 and a current ratio of 0.38.

PennyMac Financial Services (NYSE:PFSI) last announced its earnings results on Tuesday, October 22nd. The real estate investment trust reported $1.30 earnings per share for the quarter, missing the consensus estimate of $2.92 by ($1.62). PennyMac Financial Services had a return on equity of 15.13% and a net margin of 11.45%. The business had revenue of $411.83 million for the quarter, compared to analysts’ expectations of $513.12 million. During the same period in the previous year, the company earned $1.77 earnings per share. PennyMac Financial Services’s quarterly revenue was up 2.9% on a year-over-year basis. As a group, equities research analysts expect that PennyMac Financial Services, Inc. will post 11.88 earnings per share for the current year.

PennyMac Financial Services Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Monday, November 18th will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 1.14%. The ex-dividend date of this dividend is Monday, November 18th. PennyMac Financial Services’s dividend payout ratio (DPR) is presently 38.10%.

Analyst Ratings Changes

PFSI has been the topic of a number of recent analyst reports. Piper Sandler increased their price objective on shares of PennyMac Financial Services from $125.00 to $132.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 23rd. Wells Fargo & Company increased their price objective on shares of PennyMac Financial Services from $110.00 to $125.00 and gave the stock an “overweight” rating in a research report on Thursday, October 24th. Wedbush reissued an “outperform” rating and issued a $130.00 price objective on shares of PennyMac Financial Services in a research report on Wednesday, October 23rd. Finally, Barclays increased their price objective on shares of PennyMac Financial Services from $112.00 to $125.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 8th. One analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, PennyMac Financial Services has a consensus rating of “Moderate Buy” and a consensus price target of $115.86.

PennyMac Financial Services Company Profile

PennyMac Financial Services, Inc, through its subsidiaries, engages in the mortgage banking and investment management activities in the United States. The company operates through three segments: Production, Servicing, and Investment Management. The Production segment is involved in the origination, acquisition, and sale of loans.