OCN - Ocwen Financial Corp Stock Price, Fair Value and News

24.50USD+1.05 (+4.48%)Market Closed

Market Summary

USD24.50+1.05

Market Closed

4.48%

OCN Stock Price

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OCN RSI Chart

OCN Valuation

Market Cap

188.3M

Price/Earnings (Trailing)

-2.96

Price/Sales (Trailing)

0.18

EV/EBITDA

-0.06

Price/Free Cashflow

22.96

OCN Price/Sales (Trailing)

OCN Profitability

EBT Margin

-5.45%

Return on Equity

-15.85%

Return on Assets

-0.51%

Free Cashflow Yield

4.36%

OCN Fundamentals

OCN Revenue

Revenue (TTM)

1.1B

Rev. Growth (Yr)

10.74%

Rev. Growth (Qtr)

8.55%

OCN Earnings

Earnings (TTM)

-63.7M

Earnings Growth (Yr)

40.4%

Earnings Growth (Qtr)

-658.82%

Breaking Down OCN Revenue

Last 7 days

-2.1%

Last 30 days

-10.5%

Last 90 days

-21.7%

Trailing 12 Months

-24.0%

How does OCN drawdown profile look like?

OCN Financial Health

Debt/Equity

2.42

Debt/Cashflow

0.01

OCN Investor Care

Shares Dilution (1Y)

2.09%

Diluted EPS (TTM)

-8.45

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs

Net sales

Year	Q1	Q2	Q3	Q4
2023	984.1M	1.0B	1.0B	1.1B
2022	1.1B	1.0B	997.5M	954.0M
2021	914.7M	953.1M	987.2M	1.1B
2020	1.1B	1.0B	991.5M	960.9M
2019	1.1B	1.1B	1.2B	1.1B
2018	1.1B	1.1B	1.0B	1.1B
2017	1.4B	1.3B	1.2B	1.2B
2016	1.6B	1.5B	1.4B	1.4B
2015	2.1B	2.0B	1.9B	1.7B
2014	2.2B	2.2B	2.2B	2.1B
2013	1.1B	1.4B	1.7B	2.0B
2012	549.4M	655.0M	765.2M	845.2M
2011	395.8M	425.7M	452.6M	495.9M
2010	375.6M	370.6M	365.5M	360.4M
2009	0	0	0	380.7M

Get all data in R, Python etc through our Historical Stock Data APIs

Tracking the Latest Insider Buys and Sells of Ocwen Financial Corp

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Apr 05, 2024	wade aaron d	sold (taxes)	-44,321	25.59	-1,732	evp & chief investment officer
Apr 05, 2024	wade aaron d	acquired	-	-	3,417	evp & chief investment officer
Apr 03, 2024	grunenwald francois	back to issuer	-	-	-1,177	chief accounting officer
Apr 03, 2024	samarias joseph j	sold (taxes)	-17,139	24.84	-690	evp & chief legal officer
Apr 03, 2024	zeleny dennis	sold (taxes)	-34,279	24.84	-1,380	evp & chief admin officer
Apr 03, 2024	wade aaron d	sold (taxes)	-22,057	24.84	-888	evp & chief investment officer
Apr 03, 2024	grunenwald francois	acquired	-	-	1,177	chief accounting officer
Apr 03, 2024	evans jenna d.	sold (taxes)	-11,029	24.84	-444	chief risk and compliance
Apr 03, 2024	messina glen a.	sold (taxes)	-269,067	24.84	-10,832	president and ceo
Apr 03, 2024	peach james andrew	acquired	-	-	742	evp & chief lending officer

Which funds bought or sold OCN recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
Apr 18, 2024	Allspring Global Investments Holdings, LLC	unchanged	-	-26.00	189	-%
Apr 11, 2024	Fortitude Family Office, LLC	reduced	-87.88	-4,535	540	-%
Apr 05, 2024	GAMMA Investing LLC	reduced	-15.6	-668	2,485	-%
Mar 11, 2024	VANGUARD GROUP INC	added	0.6	1,634,940	9,990,020	-%
Feb 28, 2024	AMERICAN INTERNATIONAL GROUP, INC.	reduced	-0.41	15,250	98,247	-%
Feb 16, 2024	PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO	reduced	-43.89	-23,814	47,186	-%
Feb 16, 2024	GSA CAPITAL PARTNERS LLP	added	18.75	169,000	578,000	0.05%
Feb 16, 2024	PRICE T ROWE ASSOCIATES INC /MD/	added	1.63	84,000	492,000	-%
Feb 15, 2024	BARCLAYS PLC	added	650	242,000	273,000	-%
Feb 15, 2024	Legal & General Group Plc	unchanged	-	2,889	18,210	-%

Are Funds Buying or Selling OCN?

Are funds buying OCN calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own OCN

No. of Funds

Unveiling Ocwen Financial Corp's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 14, 2024	deer park road management company, lp	7.53%	577,921	SC 13G/A
Feb 14, 2024	long focus capital management, llc	8.5%	652,088	SC 13G/A
Feb 14, 2024	oaktree capital group holdings gp, llc	4.9%	396,987	SC 13G/A
Feb 06, 2024	blackrock inc.	6.3%	482,146	SC 13G
Mar 01, 2023	deer park road management company, lp	9.09%	683,858	SC 13G/A
Feb 14, 2023	deer park road management company, lp	10.75%	815,684	SC 13G/A
Feb 14, 2023	long focus capital management, llc	8.6%	652,088	SC 13G/A
Feb 14, 2023	oaktree holdings, llc	9.9%	894,600	SC 13G/A
Jan 25, 2023	amster howard	8.12%	616,706	SC 13D/A
Sep 23, 2022	amster howard	6.40%	556,874	SC 13D

Recent SEC filings of Ocwen Financial Corp

View All Filings

Date Filed	Form Type	Document
Apr 12, 2024	PRE 14A	PRE 14A
Apr 11, 2024	8-K/A	Current Report
Apr 05, 2024	4	Insider Trading
Apr 05, 2024	4	Insider Trading
Apr 05, 2024	4	Insider Trading
Apr 05, 2024	4	Insider Trading
Apr 05, 2024	4	Insider Trading
Apr 05, 2024	4	Insider Trading
Apr 05, 2024	4	Insider Trading
Apr 05, 2024	4	Insider Trading

Peers (Alternatives to Ocwen Financial Corp)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
GS	135.9B	68.5B	1.90%	19.28%	15.96	1.98	136.06%	-24.38%
CME	77.4B	5.6B	-0.27%	11.92%	23.98	13.76	-0.62%	19.89%
ICE	75.4B	9.9B	-3.59%	21.76%	31.84	7.61	2.77%	63.76%
COIN	53.3B	3.1B	-17.89%	248.64%	561.71	17.14	-2.69%	103.61%
FDS	16.7B	2.2B	-10.99%	4.21%	34.11	7.75	7.26%	9.28%
IBKR	11.9B	6.2B	2.57%	36.31%	4.22	1.91	131.94%	52.66%
MID-CAP
JEF	9.2B	8.2B	-5.91%	34.53%	35.18	1.12	17.04%	-76.58%
HLI	8.2B	1.8B	-0.30%	32.14%	31.77	4.47	0.16%	-0.33%
EVR	7.3B	2.4B	-2.96%	51.37%	28.65	3	-12.10%	-46.39%
FRHC	3.9B	1.4B	-9.70%	-10.04%	11.64	2.79	96.15%	398.80%
CLSK	3.8B	214.4M	-15.06%	341.03%	-46.36	17.66	75.40%	19.03%
SMALL-CAP
DFIN	1.9B	797.2M	-0.03%	38.82%	22.61	2.33	-4.37%	-19.80%
AMRK	851.1M	10.0B	31.93%	6.84%	7.71	0.09	24.24%	-27.96%
COHN	12.2M	83.0M	-16.84%	-5.22%	-2.08	0.15	15.07%	81.87%
AAMC	8.3M	3.2M	-15.69%	-96.37%	-0.26	2.62	-44.67%	-104.26%

Ocwen Financial Corp News

Latest updates

Ocwen Financial Corp Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

Income Statement (Quarterly)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Revenue	8.6%	277,350,000	255,500,000	272,000,000	261,800,000	250,450,000	249,700,000	222,200,000	231,600,000	293,960,000	283,101,000	265,445,000	207,594,000	231,011,000	249,035,000	227,024,000	253,842,000	261,634,000	283,515,000	274,338,000	303,888,000	310,929,000
Costs and Expenses	-5.7%	103,700,000	110,000,000	84,300,000	114,100,000	119,600,000	141,400,000	144,400,000	127,000,000	174,427,000	145,436,000	149,808,000	139,629,000	144,159,000	149,522,000	144,809,000	137,214,000	139,321,000	179,285,000	184,226,000	171,107,000	241,057,000
EBITDA Margin	-	0.21	-	0.27	0.25	0.23	0.17	0.16	0.15	0.14	0.03	0.02	0.02	0.02	-	-	-	-	-	-	-	-
Interest Expenses	-7.5%	68,750,000	74,300,000	68,300,000	62,300,000	59,850,000	50,400,000	37,900,000	37,900,000	41,409,000	40,623,000	33,516,000	28,452,000	25,843,000	26,815,000	26,760,000	29,982,000	29,493,000	29,506,000	28,641,000	26,489,000	-86,230,000
Income Taxes	80.0%	1,800,000	1,000,000	900,000	1,900,000	850,000	-4,000,000	-900,000	3,200,000	-2,292,000	-11,289,000	-11,915,000	3,096,000	6,414,000	-1,954,000	-8,110,000	-61,856,000	2,370,000	4,450,000	5,404,000	3,410,000	-4,012,000
Earnings Before Taxes	-	-	-	-	-	-	-	-	-	13,939,000	-	-	-	-809,000	-11,374,000	-6,156,000	-87,345,000	37,243,000	-38,317,000	-84,333,000	-41,084,000	-7,763,000
EBT Margin	-Infinity%	-0.05	-	0.02	0.03	0.03	0.00	0.00	0.00	0.00	-0.11	-0.11	-0.12	-0.11	-	-	-	-	-	-	-	-
Net Income	-658.8%	-47,500,000	8,500,000	15,500,000	-40,200,000	-79,700,000	36,900,000	10,400,000	58,100,000	-1,673,000	21,552,000	-10,322,000	8,543,000	-7,245,000	-9,420,000	1,954,000	-25,489,000	34,873,000	-42,767,000	-89,737,000	-44,494,000	-2,342,000
Net Income Margin	35.3%	-0.06	-0.09	-0.07	-0.07	0.03	0.10	0.09	0.06	0.02	0.01	-0.02	-0.01	-	-	-	-	-	-	-	-	-
Free Cashflow	-25.2%	281,800,000	376,900,000	-442,000,000	-208,500,000	-98,100,000	-42,900,000	111,900,000	196,800,000	-56,802,000	-197,830,000	-86,624,000	-130,444,000	-	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Assets	-3.8%	12,514	13,012	13,216	12,627	12,399	12,360	12,108	12,298	12,147	12,040	11,768	10,772	10,651	10,424	10,310	9,986	10,406	9,957	9,628	9,537	9,394
Cash Equivalents	3.9%	202	194	213	217	208	227	256	269	193	236	244	259	357	321	314	264	492	345	288	263	397
Net PPE	-18.6%	13.00	16.00	17.00	19.00	20.00	19.00	19.00	21.00	14.00	15.00	16.00	14.00	17.00	24.00	30.00	37.00	38.00	44.00	58.00	69.00	33.00
Liabilities	-3.6%	12,112	12,567	12,782	12,211	11,943	11,814	11,564	11,764	11,670	11,570	11,321	10,332	10,236	9,999	9,878	9,556	9,994	9,575	9,205	9,026	8,840
Long Term Debt	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	973	1,010	869	976	1,058
Shareholder's Equity	-9.7%	402	445	434	416	457	546	544	534	477	470	447	440	415	424	433	430	412	381	423	512	555
Retained Earnings	-45.5%	-151	-104	-112	-128	-87.90	-8.23	-45.17	-55.52	-113	-111	-133	-123	-131	-124	-115	-116	-138	-173	-130	-40.91	4.00
Additional Paid-In Capital	0.5%	555	552	549	547	547	556	591	592	593	592	590	573	556	556	554	553	558	556	556	555	554
Shares Outstanding	0.1%	8.00	8.00	8.00	8.00	8.00	9.00	9.00	9.00	9.00	9.00	9.00	9.00	-	-	-	-	-	-	-	-	-
Minority Interest	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Float	-	-	-	217	-	-	-	244	-	-	-	278	-	-	-	84.00	-	-	-	276	-	-

Cashflow (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Cashflow (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Cashflow From Operations	-25.3%	281,800	377,300	-441,300	-207,400	-97,400	-40,300	112,700	198,200	-55,564	-196,599	-85,930	-130,307	12,961	23,220	53,842	170,977	-32,130	55,267	28,139	100,664	-18,955
Share Based Compensation	7.4%	2,900	2,700	2,000	2,100	1,800	1,500	1,400	-100	1,003	1,437	1,397	863	8.00	869	777	746	807	226	807	857	1,122
Cashflow From Investing	-168.7%	-56,700	-21,100	-2,600	-19,900	71,500	-83,300	-91,600	-45,700	-159,719	-122,885	-669,664	-52,832	-199,784	-84,731	-96,058	-147,327	-190,157	-109,492	-136,446	-151,343	27,003
Cashflow From Financing	44.2%	-235,900	-422,800	520,500	209,000	28,200	72,800	-43,500	-70,900	157,499	329,333	730,667	162,301	161,097	66,928	103,033	-199,258	310,882	109,538	130,172	-19,764	108,609
Buy Backs	-	-	-	-	-	11,200	36,500	2,300	-	-	-	-	-	-5.00	-	-	4,605	-	-	-	-	-

OCN Income Statement

2023-12-31

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Revenue
Servicing and subservicing fees	$ 947,300	$ 862,600	$ 781,900
Gain on reverse loans held for investment and HMBS-related borrowings, net	46,700	36,100	79,700
Gain on loans held for sale, net	40,600	22,000	145,800
Other revenue, net	32,000	33,200	42,700
Total revenue	1,066,700	953,900	1,050,100
MSR valuation adjustments, net	(232,200)	(10,400)	(98,500)
Operating expenses
Compensation and benefits	229,200	289,400	297,900
Servicing and origination	57,300	64,900	113,600
Professional services	22,300	49,300	81,900
Technology and communications	52,500	57,900	56,000
Occupancy, equipment and mailing	31,800	41,800	36,500
Other expenses	19,000	29,100	23,300
Total operating expenses	412,100	532,400	609,300
Other income (expense)
Interest income	78,000	45,600	26,400
Interest expense ($43.8, $42.1 and $31.7 due to related parties)	(273,600)	(186,000)	(144,000)
Pledged MSR liability expense ($57.5, $59.1 and $16.6 due to related party)	(296,300)	(255,000)	(221,300)
Gain (loss) on extinguishment of debt	1,300	900	(15,500)
Earnings of equity method investee	7,300	18,500	3,600
Other, net	2,800	(10,200)	4,100
Other income (expense), net	(480,500)	(386,200)	(346,700)
Income (loss) before income taxes	(58,100)	24,900	(4,400)
Income tax expense (benefit)	5,600	(800)	(22,400)
Net income (loss)	$ (63,700)	$ 25,700	$ 18,100
Earnings (loss) per share attributable to Ocwen stockholders - Basic and Diluted
Basic	$ (8.34)	$ 2.97	$ 2.00
Diluted	$ (8.34)	$ 2.85	$ 1.93
Weighted average common shares outstanding
Basic (in shares)	7,635,584	8,647,399	9,021,975
Diluted (in shares)	7,635,584	8,997,306	9,382,467

OCN Balance Sheet

2023-12-31

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2022
Assets
Cash and cash equivalents	$ 201.6	$ 208.0
Restricted cash ($9,759 and $16,791 related to variable interest entities (VIEs))	53.5	66.2
Mortgage servicing rights (MSRs), at fair value	2,272.2	2,665.2
Advances, net (amounts related to VIEs of $573.0 and $608.4)	678.8	718.9
Loans held for sale ($674.2 and $617.8 carried at fair value) ($269.6 and $0.0 related to VIEs)	677.3	622.7
Loans held for sale ($674.2 and $617.8 carried at fair value) ($269.6 and $0.0 related to VIEs)	7,975.5	7,510.8
Receivables, net ($19.9 and $0.0 related to VIEs)	154.8	180.8
Investment in equity method investee	37.8	42.2
Premises and equipment, net	13.1	20.2
Other assets ($22.0 and $8.0 carried at fair value) ($18.6 and $3.2 related to VIEs)	449.2	364.2
Total assets	12,513.7	12,399.2
Liabilities
Home Equity Conversion Mortgage-Backed Securities (HMBS) related borrowings, at fair value	7,797.3	7,326.8
Other financing liabilities, at fair value ($409.2 and $329.8 due to related party) ($5.6 and $6.7 related to VIEs)	900.0	1,137.4
Advance match funded liabilities ($498.9 and $512.5 related to VIEs)	499.7	513.7
Mortgage loan financing facilities ($143.4 and $0.0 related to VIEs)	710.6	702.7
MSR financing facilities, net	916.2	953.8
Senior Notes	595.8	599.6
Other liabilities ($3,080 and $4,638 carried at fair value)	692.3	708.5
Total liabilities	12,111.9	11,942.5
Commitments and Contingencies (Notes 25 and 26)
Stockholders’ Equity
Common stock, $.01 par value; 13,333,333 shares authorized; 9,208,312 and 8,687,750 shares issued and outstanding at December 31, 2021 and December 31, 2020, respectively	0.1	0.1
Additional paid-in capital	554.5	547.0
Accumulated deficit	(151.6)	(87.9)
Accumulated other comprehensive loss, net of income taxes	(1.2)	(2.5)
Total stockholders’ equity	401.8	456.7
Total liabilities and stockholders’ equity	$ 12,513.7	$ 12,399.2

About Ocwen Financial Corp

Ocwen Financial Corporation, a financial services company, originates and services mortgage loans in the United States, the United States Virgin Islands, India, and the Philippines. The company operates through Servicing and Originations segments. It provides commercial mortgage loan servicing, special servicing, and asset management services, as well as residential mortgage loan servicing, such as forward and reverse conventional, government-insured, and non-agency loans, including the reverse mortgage loans to owners of mortgage loans and foreclosed real estate. The company also originates and purchases conventional and government-insured residential forward and reverse mortgage loans through its correspondent lending arrangements, broker relationships, and retail channels. It serves primarily under the PHH Mortgage and Liberty Reverse Mortgage brands. Ocwen Financial Corporation was founded in 1988 and is headquartered in West Palm Beach, Florida.

CEO	Mr. Glen A. Messina
WEBSITE	ocwen.com
INDUSTRY	Mortgage Finance
EMPLOYEES	4600

Ocwen Financial Corp Frequently Asked Questions

What is the ticker symbol for Ocwen Financial Corp? What does OCN stand for in stocks?

OCN is the stock ticker symbol of Ocwen Financial Corp. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Ocwen Financial Corp (OCN)?

As of Fri Apr 19 2024, market cap of Ocwen Financial Corp is 180.2 Million. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of OCN stock?

You can check OCN's fair value in chart for subscribers.

What is the fair value of OCN stock?

You can check OCN's fair value in chart for subscribers. The fair value of Ocwen Financial Corp is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Ocwen Financial Corp is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for OCN so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Ocwen Financial Corp a good stock to buy?

The fair value guage provides a quick view whether OCN is over valued or under valued. Whether Ocwen Financial Corp is cheap or expensive depends on the assumptions which impact Ocwen Financial Corp's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for OCN.

What is Ocwen Financial Corp's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Fri Apr 19 2024, OCN's PE ratio (Price to Earnings) is -2.83 and Price to Sales (PS) ratio is 0.17. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. OCN PE ratio will change depending on the future growth rate expectations of investors.

What is 5 year return on Ocwen Financial Corp's stock?

In the past 10 years, Ocwen Financial Corp has provided -0.275 (multiply by 100 for percentage) rate of return.