Advantage Alpha Capital Partners LP Lowers Stock Holdings in PennyMac Financial Services, Inc. (NYSE:PFSI)

Advantage Alpha Capital Partners LP lowered its stake in shares of PennyMac Financial Services, Inc. (NYSE:PFSI) by 16.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 43,848 shares of the real estate investment trust’s stock after selling 8,569 shares during the period. Advantage Alpha Capital Partners LP’s holdings in PennyMac Financial Services were worth $4,478,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Parkside Financial Bank & Trust grew its stake in shares of PennyMac Financial Services by 54.7% in the 4th quarter. Parkside Financial Bank & Trust now owns 1,100 shares of the real estate investment trust’s stock valued at $112,000 after buying an additional 389 shares during the period. KBC Group NV lifted its position in shares of PennyMac Financial Services by 15.6% during the 4th quarter. KBC Group NV now owns 1,549 shares of the real estate investment trust’s stock worth $158,000 after purchasing an additional 209 shares during the last quarter. Quantbot Technologies LP boosted its holdings in PennyMac Financial Services by 23.7% in the third quarter. Quantbot Technologies LP now owns 1,516 shares of the real estate investment trust’s stock valued at $173,000 after purchasing an additional 290 shares in the last quarter. Verition Fund Management LLC acquired a new position in PennyMac Financial Services in the third quarter valued at $203,000. Finally, Hohimer Wealth Management LLC acquired a new stake in shares of PennyMac Financial Services in the 3rd quarter valued at about $236,000. Hedge funds and other institutional investors own 57.87% of the company’s stock.

Analyst Upgrades and Downgrades

PFSI has been the subject of a number of recent research reports. Keefe, Bruyette & Woods decreased their price objective on PennyMac Financial Services from $112.00 to $111.00 and set a “market perform” rating for the company in a research report on Tuesday, December 10th. Piper Sandler lowered their price target on PennyMac Financial Services from $132.00 to $130.00 and set an “overweight” rating on the stock in a report on Friday, January 31st. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $122.17.

PennyMac Financial Services Stock Down 0.4 %

PFSI stock opened at $101.18 on Monday. The firm has a 50 day simple moving average of $103.18 and a 200-day simple moving average of $104.75. PennyMac Financial Services, Inc. has a twelve month low of $83.03 and a twelve month high of $119.13. The company has a market capitalization of $5.20 billion, a P/E ratio of 17.32, a PEG ratio of 0.19 and a beta of 1.90. The company has a current ratio of 0.26, a quick ratio of 0.38 and a debt-to-equity ratio of 3.22.

PennyMac Financial Services (NYSE:PFSI) last posted its earnings results on Thursday, January 30th. The real estate investment trust reported $2.88 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.09 by ($0.21). PennyMac Financial Services had a net margin of 19.54% and a return on equity of 16.61%. On average, equities research analysts predict that PennyMac Financial Services, Inc. will post 13.77 earnings per share for the current fiscal year.

PennyMac Financial Services Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Sunday, February 23rd. Investors of record on Thursday, February 13th were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.19%. The ex-dividend date was Thursday, February 13th. PennyMac Financial Services’s payout ratio is currently 20.55%.

Insider Buying and Selling

In related news, CEO David Spector sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $101.28, for a total value of $506,400.00. Following the completion of the sale, the chief executive officer now directly owns 155,604 shares in the company, valued at approximately $15,759,573.12. The trade was a 3.11 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Doug Jones sold 7,882 shares of the business’s stock in a transaction that occurred on Thursday, December 26th. The stock was sold at an average price of $103.16, for a total value of $813,107.12. Following the completion of the sale, the director now owns 450,000 shares of the company’s stock, valued at approximately $46,422,000. This trade represents a 1.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 72,496 shares of company stock valued at $7,375,763 over the last three months. Company insiders own 16.60% of the company’s stock.

About PennyMac Financial Services

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.