Advantage Alpha Capital Partners LP Sells 8,569 Shares of PennyMac Financial Services, Inc. (NYSE:PFSI)

Advantage Alpha Capital Partners LP trimmed its holdings in shares of PennyMac Financial Services, Inc. (NYSE:PFSI) by 16.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund 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 owned about 0.09% of PennyMac Financial Services worth $4,478,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. State Street Corp increased its position in PennyMac Financial Services by 6.0% during the third quarter. State Street Corp now owns 911,741 shares of the real estate investment trust’s stock worth $103,911,000 after acquiring an additional 51,777 shares during the period. JPMorgan Chase & Co. increased its holdings in PennyMac Financial Services by 2.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 954,713 shares of the real estate investment trust’s stock worth $108,809,000 after purchasing an additional 21,751 shares in the last quarter. XTX Topco Ltd bought a new stake in PennyMac Financial Services during the 3rd quarter worth approximately $614,000. Charles Schwab Investment Management Inc. grew its stake in shares of PennyMac Financial Services by 1.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 453,810 shares of the real estate investment trust’s stock worth $46,352,000 after purchasing an additional 6,459 shares during the last quarter. Finally, HighTower Advisors LLC acquired a new stake in shares of PennyMac Financial Services in the third quarter valued at about $702,000. 57.87% of the stock is owned by institutional investors.

PennyMac Financial Services Trading Down 0.4 %

NYSE:PFSI opened at $101.18 on Monday. PennyMac Financial Services, Inc. has a 12 month low of $83.03 and a 12 month high of $119.13. The company has a 50-day moving average price of $103.18 and a 200-day moving average price of $104.75. The company has a current ratio of 0.26, a quick ratio of 0.38 and a debt-to-equity ratio of 3.22. The stock has a market cap of $5.20 billion, a price-to-earnings ratio of 17.32, a P/E/G ratio of 0.19 and a beta of 1.90.

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

PennyMac Financial Services Announces Dividend

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

Insider Buying and Selling at PennyMac Financial Services

In other PennyMac Financial Services news, Director Doug Jones sold 7,882 shares of the company’s stock in a transaction dated Thursday, December 26th. The shares were sold at an average price of $103.16, for a total value of $813,107.12. Following the transaction, the director now directly owns 450,000 shares in the company, valued at $46,422,000. This represents a 1.72 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider James Follette sold 1,983 shares of the firm’s stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $99.93, for a total value of $198,161.19. Following the transaction, the insider now owns 10,497 shares in the company, valued at $1,048,965.21. The trade was a 15.89 % 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 ninety days. 16.60% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

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

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.