China smartphone shipments slumped in June on inventory overhang: Jefferies
Doug Jones, Director, President, and Chief Marketing and Business Officer at PennyMac Financial Services, Inc. (NYSE:PFSI), recently sold shares of the company worth approximately $862,034. The transactions took place on March 5, 2025, involving two separate sales of common stock. The sales occurred with PFSI trading near $102 per share, within a 52-week range of $83.03 to $119.13. According to InvestingPro data, the stock currently shows significant price volatility, with analysts setting price targets between $111 and $141.
The first transaction involved the sale of 8,202 shares at a weighted average price of approximately $102.94 per share. The second transaction saw the sale of an additional 171 shares at a weighted average price of about $103.63 per share. Following these sales, Jones retains direct ownership of 19,056 shares. With PFSI’s market capitalization at $5.2 billion and trading at a P/E ratio of 16.7x, InvestingPro analysis suggests the stock is currently undervalued based on their Fair Value calculations.
In addition to his direct holdings, Jones also holds shares indirectly through The Jones Family Trust and GR Family Investments LLC, which own 15,337 and 450,000 shares, respectively. PFSI maintains a "Fair" overall financial health score according to InvestingPro, which offers 8 additional key insights about the company’s performance and valuation in their comprehensive Pro Research Report, available to subscribers.
In other recent news, PennyMac Financial Services reported its fourth-quarter 2024 earnings, revealing a diluted earnings per share (EPS) of $1.95, which was below the forecasted $3.03. The company’s revenue also fell short of expectations, coming in at $470.11 million against the anticipated $531.7 million. In a strategic move, PennyMac has closed an offering of $850 million in senior notes due 2033, with proceeds aimed at repaying certain secured borrowings, including the company’s 5.375% senior notes due in October 2025. The firm also announced plans to offer an additional $650 million in senior notes, emphasizing its commitment to managing debt obligations and enhancing corporate finances. Analysts from Wells Fargo (NYSE:WFC) noted a downgrade in PennyMac’s 2025 guidance, reflecting a rate environment similar to current levels. Despite the earnings miss, PennyMac’s stock showed resilience, indicating investor focus on the company’s strategic initiatives. PennyMac continues to demonstrate robust growth in its loan origination and servicing segments, with total loan originations and acquisitions reaching $36 billion, marking a 13% increase from the previous quarter.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.