A Director at Ocwen Financial (NYSE: OCN) is Buying Shares

Today, a Director at Ocwen Financial (OCNResearch Report), Phyllis Caldwell, bought shares of OCN for $76.68K.

Following this transaction Phyllis Caldwell’s holding in the company was increased by 33.85% to a total of $305.3K. This is Caldwell’s first transaction since reporting a Buy transaction on ACSF back in November 2014

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Based on Ocwen Financial’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $275 million and GAAP net loss of $89.74 million. In comparison, last year the company earned revenue of $262 million and had a GAAP net loss of $29.83 million. Currently, Ocwen Financial has an average volume of 561.15K. The company has a one-year high of $4.35 and a one-year low of $1.20.

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Ocwen Financial Corp. is a financial services holding company, which through its subsidiaries engages in the servicing and origination of mortgage loans. It operates through the following business segments: Servicing, Lending, and Corporate Items and Other.