Ditech Holding Corp (DHCP) Major Shareholder Fpa Funds Trust Sells 28,436 Shares

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Ditech Holding Corp (NYSE:DHCP) major shareholder Fpa Funds Trust sold 28,436 shares of the company’s stock in a transaction on Wednesday, October 24th. The shares were sold at an average price of $2.51, for a total transaction of $71,374.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Fpa Funds Trust also recently made the following trade(s):

  • On Friday, November 2nd, Fpa Funds Trust sold 31,205 shares of Ditech stock. The shares were sold at an average price of $1.19, for a total transaction of $37,133.95.
  • On Wednesday, October 31st, Fpa Funds Trust sold 15,370 shares of Ditech stock. The shares were sold at an average price of $1.52, for a total transaction of $23,362.40.
  • On Friday, October 26th, Fpa Funds Trust sold 165,876 shares of Ditech stock. The shares were sold at an average price of $2.15, for a total transaction of $356,633.40.
  • On Wednesday, October 17th, Fpa Funds Trust sold 284 shares of Ditech stock. The shares were sold at an average price of $3.25, for a total transaction of $923.00.
  • On Thursday, October 11th, Fpa Funds Trust sold 3,340 shares of Ditech stock. The shares were sold at an average price of $3.76, for a total transaction of $12,558.40.

Shares of DHCP remained flat at $$0.67 during trading hours on Friday. 152,599 shares of the company traded hands, compared to its average volume of 58,895. The company has a quick ratio of 12.88, a current ratio of 12.88 and a debt-to-equity ratio of 126.29. Ditech Holding Corp has a 1 year low of $0.57 and a 1 year high of $12.00.

Ditech (NYSE:DHCP) last posted its earnings results on Thursday, August 9th. The company reported ($9.97) earnings per share (EPS) for the quarter. The company had revenue of $198.53 million for the quarter.

An institutional investor recently raised its position in Ditech stock. Citadel Advisors LLC lifted its position in Ditech Holding Corp (NYSE:DHCP) by 179.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 52,665 shares of the company’s stock after purchasing an additional 33,825 shares during the period. Citadel Advisors LLC owned about 1.14% of Ditech worth $275,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors own 39.27% of the company’s stock.

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Ditech Company Profile

Ditech Holding Corporation operates as an independent servicer and originator of mortgage loans, and servicer of reverse mortgage loans. The company operates through three segments: Servicing, Originations, and Reverse Mortgage. The Servicing segment performs servicing for mortgage loan portfolio, on behalf of third-party credit owners of mortgage loans, as well as performs subservicing for third-party owners.

Further Reading: What is a Swap?

Insider Buying and Selling by Quarter for Ditech (NYSE:DHCP)

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