PennyMac Financial Services, Inc. $PFSI Shares Sold by Advantage Alpha Capital Partners LP

Advantage Alpha Capital Partners LP reduced its holdings in shares of PennyMac Financial Services, Inc. (NYSE:PFSI) by 38.6% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 34,018 shares of the real estate investment trust’s stock after selling 21,358 shares during the quarter. Advantage Alpha Capital Partners LP owned approximately 0.07% of PennyMac Financial Services worth $3,390,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently modified their holdings of the business. XTX Topco Ltd purchased a new position in shares of PennyMac Financial Services during the 2nd quarter worth approximately $1,542,000. Ameritas Investment Partners Inc. grew its holdings in PennyMac Financial Services by 6.8% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 2,987 shares of the real estate investment trust’s stock valued at $298,000 after buying an additional 190 shares during the last quarter. Prudential Financial Inc. increased its position in PennyMac Financial Services by 82.8% during the second quarter. Prudential Financial Inc. now owns 4,084 shares of the real estate investment trust’s stock worth $413,000 after buying an additional 1,850 shares in the last quarter. Cynosure Group LLC raised its holdings in shares of PennyMac Financial Services by 16.2% in the second quarter. Cynosure Group LLC now owns 7,767 shares of the real estate investment trust’s stock worth $774,000 after acquiring an additional 1,085 shares during the last quarter. Finally, American Century Companies Inc. raised its holdings in shares of PennyMac Financial Services by 15.0% in the second quarter. American Century Companies Inc. now owns 399,388 shares of the real estate investment trust’s stock worth $39,795,000 after acquiring an additional 52,227 shares during the last quarter. Hedge funds and other institutional investors own 57.87% of the company’s stock.

Insider Transactions at PennyMac Financial Services

In other PennyMac Financial Services news, CEO David Spector sold 5,000 shares of the company’s stock in a transaction dated Wednesday, November 12th. The stock was sold at an average price of $129.26, for a total transaction of $646,300.00. Following the completion of the sale, the chief executive officer directly owned 115,604 shares in the company, valued at $14,942,973.04. This represents a 4.15% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Anne Mccallion sold 27,771 shares of PennyMac Financial Services stock in a transaction dated Friday, October 24th. The shares were sold at an average price of $131.55, for a total value of $3,653,275.05. Following the completion of the transaction, the director directly owned 1,547 shares in the company, valued at $203,507.85. This represents a 94.72% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 218,374 shares of company stock worth $28,024,891 in the last three months. 15.80% of the stock is currently owned by insiders.

Analyst Ratings Changes

PFSI has been the topic of a number of analyst reports. Zacks Research raised PennyMac Financial Services from a “strong sell” rating to a “hold” rating in a research note on Monday, October 6th. BTIG Research restated a “buy” rating and issued a $135.00 target price on shares of PennyMac Financial Services in a report on Wednesday, October 22nd. UBS Group lifted their price target on shares of PennyMac Financial Services from $135.00 to $145.00 and gave the stock a “neutral” rating in a report on Friday, October 24th. Wells Fargo & Company upped their price objective on shares of PennyMac Financial Services from $115.00 to $135.00 and gave the company an “overweight” rating in a research note on Wednesday, October 22nd. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of PennyMac Financial Services in a research report on Friday, October 31st. Four analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $138.67.

PennyMac Financial Services Price Performance

PFSI opened at $136.01 on Friday. PennyMac Financial Services, Inc. has a 1 year low of $85.74 and a 1 year high of $136.48. The company’s 50 day simple moving average is $124.74 and its 200 day simple moving average is $110.28. The stock has a market capitalization of $7.07 billion, a PE ratio of 14.66 and a beta of 1.56. The company has a debt-to-equity ratio of 3.01, a quick ratio of 0.36 and a current ratio of 0.36.

PennyMac Financial Services (NYSE:PFSI) last posted its quarterly earnings results on Tuesday, October 21st. The real estate investment trust reported $3.37 earnings per share for the quarter, topping analysts’ consensus estimates of $2.98 by $0.39. The company had revenue of $632.90 million for the quarter, compared to the consensus estimate of $573.46 million. PennyMac Financial Services had a net margin of 25.21% and a return on equity of 11.69%. PennyMac Financial Services’s revenue was up 53.7% on a year-over-year basis. During the same quarter last year, the firm posted $1.30 earnings per share. As a group, sell-side analysts expect that PennyMac Financial Services, Inc. will post 13.77 EPS for the current year.

PennyMac Financial Services Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 26th. Investors of record on Monday, November 17th were issued a $0.30 dividend. The ex-dividend date was Monday, November 17th. This represents a $1.20 dividend on an annualized basis and a yield of 0.9%. PennyMac Financial Services’s dividend payout ratio (DPR) is presently 12.93%.

PennyMac Financial Services 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.