Advantage Alpha Capital Partners LP Has $5.54 Million Holdings in PennyMac Financial Services, Inc. $PFSI

Key Points

• Advantage Alpha Capital Partners LP increased its stake in PennyMac Financial Services by 26.3%, making it its 16th biggest holding valued at $5.54 million.
• Recent insider trades include sales by Director Joseph F. Mazzella and CEO David Spector, reducing their holdings by 7.63% and 3.69% respectively.
• PennyMac Financial Services reported a loss of earnings per share, posting $1.02 against a consensus estimate of $3.01, alongside a revenue of $444.73 million which fell short of expectations.

Advantage Alpha Capital Partners LP increased its holdings in PennyMac Financial Services, Inc. (NYSE:PFSI - Free Report) by 26.3% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 55,376 shares of the real estate investment trust's stock after buying an additional 11,528 shares during the quarter. PennyMac Financial Services comprises 1.4% of Advantage Alpha Capital Partners LP's portfolio, making the stock its 16th largest holding. Advantage Alpha Capital Partners LP owned about 0.11% of PennyMac Financial Services worth $5,544,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. CWM LLC boosted its stake in PennyMac Financial Services by 71.5% during the 1st quarter. CWM LLC now owns 271 shares of the real estate investment trust's stock valued at $27,000 after purchasing an additional 113 shares in the last quarter. TD Waterhouse Canada Inc. bought a new position in PennyMac Financial Services during the 4th quarter valued at $39,000. Sterling Capital Management LLC boosted its stake in PennyMac Financial Services by 601.8% during the 4th quarter. Sterling Capital Management LLC now owns 400 shares of the real estate investment trust's stock valued at $41,000 after purchasing an additional 343 shares in the last quarter. Aquatic Capital Management LLC bought a new position in PennyMac Financial Services during the 4th quarter valued at $71,000. Finally, Xponance Inc. bought a new position in PennyMac Financial Services during the 1st quarter valued at $202,000. 57.87% of the stock is owned by institutional investors.

Insider Buying and Selling at PennyMac Financial Services

In other news, CEO David Spector sold 5,000 shares of PennyMac Financial Services stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $105.73, for a total value of $528,650.00. Following the completion of the transaction, the chief executive officer owned 130,604 shares in the company, valued at approximately $13,808,760.92. The trade was a 3.69% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Joseph F. Mazzella sold 7,107 shares of PennyMac Financial Services stock in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $108.16, for a total transaction of $768,693.12. Following the completion of the transaction, the director owned 86,050 shares of the company's stock, valued at $9,307,168. This trade represents a 7.63% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 26,857 shares of company stock valued at $2,813,253. 15.80% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

PFSI has been the subject of several research reports. Piper Sandler reduced their price objective on PennyMac Financial Services from $125.00 to $121.00 and set an "overweight" rating for the company in a research note on Wednesday, July 23rd. Wells Fargo & Company initiated coverage on PennyMac Financial Services in a research note on Monday. They set an "overweight" rating and a $115.00 price objective for the company. UBS Group reduced their price objective on PennyMac Financial Services from $115.00 to $110.00 and set a "neutral" rating for the company in a research note on Thursday, July 24th. Keefe, Bruyette & Woods reduced their target price on PennyMac Financial Services from $121.00 to $117.00 and set an "outperform" rating for the company in a report on Thursday, July 24th. Finally, Wall Street Zen upgraded PennyMac Financial Services from a "sell" rating to a "hold" rating in a report on Friday, August 22nd. Five analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $118.67.

PennyMac Financial Services Stock Down 0.3%

NYSE PFSI traded down $0.35 during trading on Wednesday, hitting $108.69. 86,283 shares of the company traded hands, compared to its average volume of 377,685. PennyMac Financial Services, Inc. has a 12 month low of $85.74 and a 12 month high of $119.13. The business has a fifty day simple moving average of $100.42 and a 200 day simple moving average of $98.99. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 3.03. The company has a market capitalization of $5.62 billion, a P/E ratio of 15.08 and a beta of 1.50.

PennyMac Financial Services (NYSE:PFSI - Get Free Report) last issued its quarterly earnings results on Tuesday, July 22nd. The real estate investment trust reported $1.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.01 by ($1.99). PennyMac Financial Services had a net margin of 22.00% and a return on equity of 12.18%. The business had revenue of $444.73 million during the quarter, compared to analyst estimates of $547.44 million. During the same period in the prior year, the business posted $1.85 earnings per share. The company's revenue for the quarter was up 9.5% compared to the same quarter last year. As a group, sell-side analysts predict that PennyMac Financial Services, Inc. will post 13.77 EPS for the current year.

PennyMac Financial Services Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 22nd. Shareholders of record on Wednesday, August 13th were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend was Wednesday, August 13th. PennyMac Financial Services's payout ratio is presently 16.64%.

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.