helping homeowners is what we do!® consider joining us to help fulfill our mission of helping homeowners. as an ocwen team member, your mission is to delight the customers or co-workers you serve through caring service and innovative solutions. our talented, diverse team members are dedicated to helping the homeowners and investors we serve. as an industry leader in foreclosure prevention and loss mitigation, ocwen has completed over 776,700 loan modifications, over 318,000 home affordable modification program (hamp) sponsored modifications, 49% more than the next highest servicer. each team member, regardless of their role, is proud of ocwen’s focus on helping families stay in their homes and improving financial outcomes for investors. ocwen financial corporation is a financial services holding company which, through our subsidiaries, is one of the largest mortgage companies in the united states. our primary business is mortgage loan servicing and origination. homeward residentia
Company profile
Ticker
OCN
Exchange
Website
CEO
Glen Messina
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
Subsidiaries
PHH Mortgage Corporation • PHH Corporation • Ocwen Financial Solutions Private Limited • Ocwen Advance Facility Transferor, LLC • CR Limited • Ocwen USVI Services, LLC • Ocwen Loan Investment HB Depositor LLC • (1)Operating company ...
IRS number
650039856
OCN stock data
Latest filings (excl ownership)
ARS
2023 FY
Annual report to shareholders
22 Apr 24
DEF 14A
Definitive proxy
22 Apr 24
PRE 14A
Preliminary proxy
11 Apr 24
8-K/A
Departure of Directors or Certain Officers
11 Apr 24
DEFA14A
Additional proxy soliciting materials
3 Apr 24
8-K
Ocwen Financial Announces Intention to Rebrand As Onitytm Group
3 Apr 24
8-K
Ocwen Financial Corporation Announces Appointment of Claudia Merkle to Board of Directors
2 Apr 24
8-K
Ocwen Financial Announces Full Year and Fourth Quarter 2023 Results
27 Feb 24
8-K
Departure of Directors or Certain Officers
8 Dec 23
10-Q
2023 Q3
Quarterly report
7 Nov 23
Transcripts
OCN
Earnings call transcript
2023 Q4
27 Feb 24
OCN
Earnings call transcript
2023 Q3
7 Nov 23
OCN
Earnings call transcript
2023 Q2
3 Aug 23
OCN
Earnings call transcript
2023 Q1
4 May 23
OCN
Earnings call transcript
2023 Q1
4 May 23
OCN
Earnings call transcript
2022 Q4
28 Feb 23
OCN
Earnings call transcript
2022 Q3
3 Nov 22
OCN
Earnings call transcript
2022 Q2
6 Aug 22
OCN
Earnings call transcript
2022 Q1
5 May 22
OCN
Earnings call transcript
2021 Q4
25 Feb 22
Latest ownership filings
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
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Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
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Revenue | |||||
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Operating income | |||||
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Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 265.90 mm | 265.90 mm | 265.90 mm | 265.90 mm | 265.90 mm | 265.90 mm |
Cash burn (monthly) | 22.20 mm | 491.67 k | (no burn) | 7.61 mm | (no burn) | 30.73 mm |
Cash used (since last report) | 152.13 mm | 3.37 mm | n/a | 52.14 mm | n/a | 210.61 mm |
Cash remaining | 113.77 mm | 262.53 mm | n/a | 213.76 mm | n/a | 55.29 mm |
Runway (months of cash) | 5.1 | 534.0 | n/a | 28.1 | n/a | 1.8 |
Institutional ownership, Q2 2023
74.6% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 63 |
Opened positions | 16 |
Closed positions | 11 |
Increased positions | 19 |
Reduced positions | 14 |
13F shares | Current |
---|---|
Total value | 124.48 bn |
Total shares | 5.79 mm |
Total puts | 1.80 k |
Total calls | 67.60 k |
Total put/call ratio | 0.0 |
Largest owners | Shares | Value |
---|---|---|
Oaktree | 894.60 k | $0.00 |
Deer Park Road Management | 683.86 k | $22.34 mm |
Deer Park Road | 654.98 k | $19.63 bn |
Long Focus Capital Management | 652.09 k | $19.54 bn |
Oaktree Capital Management | 581.01 k | $17.41 bn |
BLK Blackrock | 441.08 k | $13.22 bn |
Dimensional Fund Advisors | 343.30 k | $10.29 bn |
Vanguard | 322.19 k | $9.66 bn |
Prescott Group Capital Management, L.L.C. | 191.45 k | $5.74 bn |
RBF Capital | 145.37 k | $4.36 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
3 Apr 24 | James Andrew Peach | Common Stock | Sale back to company | Dispose D | No | No | 0 | 742 | 0.00 | 0 |
3 Apr 24 | James Andrew Peach | Common Stock | Option exercise | Acquire M | No | No | 0 | 742 | 0.00 | 742 |
3 Apr 24 | James Andrew Peach | RSU Common Stock | Option exercise | Dispose M | No | No | 0 | 742 | 0.00 | 1,486 |
3 Apr 24 | Dennis Zeleny | Common Stock | Payment of exercise | Dispose F | No | No | 24.84 | 1,380 | 34.28 k | 13,646 |
3 Apr 24 | Dennis Zeleny | Common Stock | Option exercise | Acquire M | No | No | 0 | 3,506 | 0.00 | 15,026 |
3 Apr 24 | Dennis Zeleny | RSU Common Stock | Option exercise | Dispose M | No | No | 0 | 3,506 | 0.00 | 7,012 |
3 Apr 24 | Grunenwald Francois | Common Stock | Sale back to company | Dispose D | No | No | 0 | 1,177 | 0.00 | 0 |
3 Apr 24 | Grunenwald Francois | Common Stock | Option exercise | Acquire M | No | No | 0 | 1,177 | 0.00 | 1,177 |
3 Apr 24 | Grunenwald Francois | RSU Common Stock | Option exercise | Dispose M | No | No | 0 | 1,177 | 0.00 | 2,355 |
3 Apr 24 | Glen A. Messina | Common Stock | Payment of exercise | Dispose F | No | No | 24.84 | 10,832 | 269.07 k | 281,478 |
News
Keefe, Bruyette & Woods Maintains Market Perform on Ocwen Financial, Lowers Price Target to $28
9 Apr 24
Ocwen Financial Plans To Change Its Name To Onity Group Inc.; Expects To Begin Trading On NYSE Under The Stock Symbol 'ONIT' In June 2024
3 Apr 24
B. Riley Securities Reiterates Buy on Ocwen Financial, Maintains $50 Price Target
26 Mar 24
Earnings Scheduled For February 27, 2024
27 Feb 24
Ocwen Financial's Earnings: A Preview
26 Feb 24
Press releases
Ocwen Financial Schedules Conference Call – First Quarter 2024 Results and Business Update
24 Apr 24
Ocwen Financial Announces Intention to Rebrand as Onity™ Group
3 Apr 24
Ocwen Financial Corporation Announces Appointment of Claudia Merkle to Board of Directors
2 Apr 24
Ocwen Financial Announces Full Year and Fourth Quarter 2023 Results
27 Feb 24
Ocwen Financial Schedules Conference Call – Fourth Quarter and Full Year 2023 Results
20 Feb 24