Ocwen Financial Corporation (NYSE:OCN): Are Hedge Funds Right About This Stock?

Is Ocwen Financial Corporation (NYSE:OCN) the right investment to pursue these days? Prominent investors are becoming hopeful. The number of bullish hedge fund positions increased by 1 recently.

Ocwen Financial Corporation (NYSE:OCN)

In today’s marketplace, there are plenty of methods shareholders can use to analyze Mr. Market. A couple of the most underrated are hedge fund and insider trading sentiment. At Insider Monkey, our studies have shown that, historically, those who follow the best picks of the best money managers can trounce the market by a healthy margin (see just how much).

Equally as beneficial, positive insider trading sentiment is another way to parse down the world of equities. There are many motivations for an executive to drop shares of his or her company, but just one, very clear reason why they would buy. Various empirical studies have demonstrated the useful potential of this method if shareholders know where to look (learn more here).

With all of this in mind, it’s important to take a peek at the latest action surrounding Ocwen Financial Corporation (NYSE:OCN).

What does the smart money think about Ocwen Financial Corporation (NYSE:OCN)?

At year’s end, a total of 34 of the hedge funds we track held long positions in this stock, a change of 3% from the third quarter. With hedgies’ capital changing hands, there exists an “upper tier” of noteworthy hedge fund managers who were increasing their holdings substantially.

According to our comprehensive database, Pine River Capital Management, managed by Brian Taylor, holds the most valuable position in Ocwen Financial Corporation (NYSE:OCN). Pine River Capital Management has a $135 million position in the stock, comprising 2.6% of its 13F portfolio. Coming in second is Israel Englander of Millennium Management, with a $85 million position; the fund has 0.5% of its 13F portfolio invested in the stock. Other hedgies that hold long positions include Steven Cohen’s SAC Capital Advisors, John Murphy’s Alydar Capital and Christian Leone’s Luxor Capital Group.

With a general bullishness amongst the heavyweights, some big names have jumped into Ocwen Financial Corporation (NYSE:OCN) headfirst. Luxor Capital Group, managed by Christian Leone, established the most valuable position in Ocwen Financial Corporation (NYSE:OCN). Luxor Capital Group had 48 million invested in the company at the end of the quarter. Stanley Druckenmiller’s Duquesne Capital also initiated a $15 million position during the quarter. The following funds were also among the new OCN investors: Glenn Russell Dubin’s Highbridge Capital Management, Geoffrey Raynor’s Q Investments (Specter Holdings), and David Costen Haley’s HBK Investments.

What have insiders been doing with Ocwen Financial Corporation (NYSE:OCN)?

Insider trading activity, especially when it’s bullish, is most useful when the company we’re looking at has experienced transactions within the past six months. Over the last 180-day time period, Ocwen Financial Corporation (NYSE:OCN) has experienced zero unique insiders purchasing, and 4 insider sales (see the details of insider trades here).

With the returns demonstrated by Insider Monkey’s strategies, retail investors must always pay attention to hedge fund and insider trading sentiment, and Ocwen Financial Corporation (NYSE:OCN) shareholders fit into this picture quite nicely.

Click here to learn more about Insider Monkey’s Hedge Fund Newsletter

Insider Monkey’s small-cap strategy returned 29.2% between September 2012 and February 2013 versus 8.7% for the S&P 500 index. Try it now by clicking the link above.

blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months. Our beta is only 1.2 (don't click this link if beating the market isn't important to you).

Lists

On the Move: The 10 Fastest Growing Businesses in 2015

Fast Money: The 10 Highest Paying Fast Food Restaurants

Mixing It Up: The 14 Best Music Mashups of 2014

Rito Pls Buff: The 10 Least Played Champions in LoL Season 4

10 Covers of Popular Songs that are Better than the Originals

Must See TV: The 9 Most Anticipated Shows of 2015

The 15 Biggest Box Office Bombs of All Time

10 Things The World Can’t Stand About Americans

Picture Perfect: The 6 Smartphones with the Best Cameras

The 10 Best Countries To Work In the World

A Profitable Day At The Track: 5 Tips For Betting On Horses

Tearing You Apart: 6 Bad Habits That Ruin Relationships

Learning on the Job: The 6 Biggest Mistakes Parents Make

Shopaholics Rejoice: The 12 Biggest Malls in the World

Fright Night: 10 Horror Movies Based on True Stories

Mach Mania: The 10 Fastest Jets in the World

Military Heavyweights: The 10 Countries with the Most Tanks

All In: The 7 Richest Poker Players in the World

Abracadabra: The 10 Best Magicians in the World

The 10 Richest Asian Countries in the World in 2014

Eyes in the Sky: 10 Things You Need to Know About Drones

Rising Stars: The 6 Best Silicon Valley Startups

Military Muscle: The 5 Most Advanced Armies in South America

All that Glitters: The 7 Most Luxurious Jewelry Brands in the World

5 Things You Didn’t Know About ISIS but Should

Empowering Your Money: The 5 Best Energy Stocks to Invest In

The 11 Best Android Apps You Can’t Get on iOS

The 10 Most Important International Conflicts in 2014

Mood Enhancers: The 20 Most Uplifting Songs of all Time

Lover Beware: The 8 Countries that Cheat the Most

Breath of Fresh Air: The 25 Countries with the Best Air Quality on the Planet

Singles Beware: The 8 Worst Mistakes Made on First Dates

Healthy and Happy: The 10 Countries with Lowest Healthcare Costs

The 6 Best Company Team Building Activities to Build Workplace Camaraderie

Ships Ahoy: The 10 Busiest Shipping Ports in the World

10 Productivity Tips to Save You Time and Help You Do More With Less

Grab a Bite: The Most Popular Fast Food Restaurants in America

Friday Night Thirst: The 10 Most Popular Cocktails in the World

The 6 Greatest Unsolved Mysteries We May Never Figure Out

7 Useless Products You Never Should’ve Bought

The 5 Reasons Why You’re Single and Miserable

The 7 Most Addictive Foods in the World We Can’t Stop Eating (Even Though We Should)

5 Amazing Places You Can Swim with Dolphins

The Top 7 Most Livable Countries In The World

The 10 Most Expensive Baseball Cards Ever Pulled From A Pack

The 5 Easiest Second Languages to Learn for English Speakers

Silver Spoon: The 6 Richest Families in the World

The 20 Countries with the Largest Prison Populations in the World

The Top 10 Richest Actors in the World

The 10 Best Airline Stocks to Invest In Before They Fly Too High

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!