PennyMac Financial Services, Inc. (NYSE:PFSI) Shares Sold by Advantage Alpha Capital Partners LP

Advantage Alpha Capital Partners LP lessened its position in shares of PennyMac Financial Services, Inc. (NYSE:PFSI - Free Report) by 16.3% in the 4th quarter, according to its most recent 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 owned about 0.09% of PennyMac Financial Services worth $4,478,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Cannon Global Investment Management LLC lifted its position in PennyMac Financial Services by 100.0% in the fourth quarter. Cannon Global Investment Management LLC now owns 4,800 shares of the real estate investment trust's stock valued at $490,000 after purchasing an additional 2,400 shares during the period. Vanguard Group Inc. raised its stake in shares of PennyMac Financial Services by 7.4% during the 4th quarter. Vanguard Group Inc. now owns 2,886,580 shares of the real estate investment trust's stock worth $294,835,000 after buying an additional 199,667 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new stake in shares of PennyMac Financial Services in the 4th quarter valued at approximately $654,000. Sei Investments Co. boosted its stake in shares of PennyMac Financial Services by 5.7% in the fourth quarter. Sei Investments Co. now owns 18,379 shares of the real estate investment trust's stock valued at $1,877,000 after buying an additional 991 shares in the last quarter. Finally, American Century Companies Inc. boosted its stake in shares of PennyMac Financial Services by 3.4% in the fourth quarter. American Century Companies Inc. now owns 353,631 shares of the real estate investment trust's stock valued at $36,120,000 after buying an additional 11,765 shares in the last quarter. Hedge funds and other institutional investors own 57.87% of the company's stock.

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PennyMac Financial Services Price Performance

PennyMac Financial Services stock traded down $0.89 during midday trading on Friday, reaching $100.34. 239,577 shares of the company were exchanged, compared to its average volume of 279,046. The firm's 50-day simple moving average is $103.02 and its 200-day simple moving average is $104.59. PennyMac Financial Services, Inc. has a 1 year low of $83.03 and a 1 year high of $119.13. The company has a market capitalization of $5.16 billion, a price-to-earnings ratio of 17.18, a P/E/G ratio of 0.19 and a beta of 1.90. The company has a debt-to-equity ratio of 3.22, a quick ratio of 0.38 and a current ratio of 0.26.

PennyMac Financial Services (NYSE:PFSI - Get Free Report) last released 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%. On average, analysts anticipate that PennyMac Financial Services, Inc. will post 13.77 EPS for the current year.

PennyMac Financial Services Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Sunday, February 23rd. Shareholders of record on Thursday, February 13th were issued a $0.30 dividend. The ex-dividend date of this dividend was Thursday, February 13th. This represents a $1.20 annualized dividend and a yield of 1.20%. PennyMac Financial Services's dividend payout ratio (DPR) is presently 20.55%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Keefe, Bruyette & Woods cut 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 shares of PennyMac Financial Services from $132.00 to $130.00 and set an "overweight" rating on the stock in a research report on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $122.17.

Insiders Place Their Bets

In other news, CEO David Spector sold 5,000 shares of the stock in a transaction dated Wednesday, January 8th. The shares were sold at an average price of $99.38, for a total transaction of $496,900.00. Following the transaction, the chief executive officer now directly owns 165,604 shares in the company, valued at $16,457,725.52. This represents a 2.93 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Daniel Stanley Perotti sold 10,500 shares of the business's stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $101.49, for a total transaction of $1,065,645.00. Following the completion of the sale, the chief financial officer now owns 214,997 shares of the company's stock, valued at approximately $21,820,045.53. The trade was a 4.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 44,054 shares of company stock valued at $4,478,386 in the last quarter. 16.60% of the stock is currently owned by company insiders.

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.