Glen Messina - Ocwen Financial President, Chief Executive Officer, Director
| OCNDelisted Stock | USD 34.94 0.82 2.40% |
CEO
Mr. Glen A. Messina is President, Chief Executive Officer, Director of the company. Mr. Messina has served as President and Chief Executive Officer and as a director of Ocwen since October 2018. He previously served as the President and Chief Executive Officer of PHH Corporation from January 2012 to June 2017 and Chief Operating Officer of PHH from July 2011 to December 2011. Mr. Messina also served as a director of PHH from January 2012 to June 2017 and as a consultant to PHH through March 2018. Prior to joining PHH, Mr. Messina spent 17 years at General Electric Company, most recently as Chief Executive Officer of GE Chemical and Monitoring Solutions, a global water and process specialty chemicals services business, from 2008 until July 2011. Mr. Messina was selected to serve on our Board of Directors because of his extensive operational and leadership experience, including his service as both our President and Chief Executive Officer and his service as a director and the President and Chief Executive Officer of PHH. since 2018.
| Age | 62 |
| Tenure | 6 years |
| Phone | 561 682 8000 |
| Web | https://www.ocwen.com |
Glen Messina Latest Insider Activity
Tracking and analyzing the buying and selling activities of Glen Messina against Ocwen Financial stock is an integral part of due diligence when investing in Ocwen Financial. Glen Messina insider activity provides valuable insight into whether Ocwen Financial is net buyers or sellers over its current business cycle. Note, Ocwen Financial insiders must abide by specific rules, including filing SEC forms every time they buy or sell Ocwen Financial'sshares to prevent insider trading or benefiting illegally from material non-public information that their positions give them access to.
Glen Messina over a month ago Acquisition by Glen Messina of 14349 shares of Onity subject to Rule 16b-3 | ||
Glen Messina over six months ago Disposition of 24510 shares by Glen Messina of Ocwen Financial subject to Rule 16b-3 |
Ocwen Financial Management Efficiency
The company has Return on Asset of 0.0312 % which means that on every $100 spent on assets, it made $0.0312 of profit. This is way below average. In the same way, it shows a return on shareholders' equity (ROE) of 0.0156 %, implying that it generated $0.0156 on every 100 dollars invested. Ocwen Financial's management efficiency ratios could be used to measure how well Ocwen Financial manages its routine affairs as well as how well it operates its assets and liabilities.Ocwen Financial has 11.43 B in debt. Ocwen Financial has a current ratio of 1.3, demonstrating that it may not be capable to disburse its financial commitments when the payables are due. Note however, debt could still be an excellent tool for Ocwen to invest in growth at high rates of return.
Similar Executives
| Found 2 records | CEO Age | ||
| Mary McGarry | Guild Holdings Co | 62 | |
| Christopher Farrar | Velocity Financial Llc | 57 | |
Management Performance
| Return On Equity | 0.0156 | |||
| Return On Asset | 0.0312 |
Ocwen Financial Leadership Team
Elected by the shareholders, the Ocwen Financial's board of directors comprises two types of representatives: Ocwen Financial inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Ocwen. The board's role is to monitor Ocwen Financial's management team and ensure that shareholders' interests are well served. Ocwen Financial's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Ocwen Financial's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Sean ONeil, Executive CFO | ||
| George Henley, Executive Vice President Chief Growth Officer | ||
| June Campbell, Chief Financial Officer, Executive Vice President | ||
| Jenna Evans, Chief VP | ||
| John Britti, Executive Vice President, Chief Investment Officer | ||
| Jenne Britell, Independent Director | ||
| Dennis Zeleny, Executive Vice President Chief Administrative Officer | ||
| Jacques Busquet, Independent Director | ||
| Francois Grunenwald, Senior Vice President Chief Accounting Officer | ||
| Joseph Long, Executive Vice President Capital Markets | ||
| Stephen Swett, Investors Contact | ||
| Alan Bowers, Independent Director | ||
| Michael Short, Vice Relations | ||
| DeForest Soaries, Independent Director | ||
| Phyllis Caldwell, Independent Chairman of the Board | ||
| Timothy Yanoti, Executive Vice President Chief Growth Officer | ||
| Aaron Wade, Executive Officer | ||
| Andy Peach, Senior Leader | ||
| Albert Celini, Senior Vice President Chief Compliance Officer, Chief Risk Officer | ||
| Glen Messina, President, Chief Executive Officer, Director | ||
| Joseph Samarias, Executive Vice President, General Counsel, Company Secretary | ||
| Kevin Stein, Independent Director | ||
| Scott Anderson, Executive Vice President and Chief Servicing Officer | ||
| Arthur Walker, Senior Vice President - Global Tax |
Ocwen Stock Performance Indicators
The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Ocwen Financial a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.
| Return On Equity | 0.0156 | |||
| Return On Asset | 0.0312 | |||
| Profit Margin | 0.01 % | |||
| Operating Margin | 0.56 % | |||
| Current Valuation | 11.93 B | |||
| Shares Outstanding | 7.81 M | |||
| Shares Owned By Insiders | 20.95 % | |||
| Shares Owned By Institutions | 51.00 % | |||
| Number Of Shares Shorted | 41.6 K | |||
| Price To Earning | 2.92 X |
Pair Trading with Ocwen Financial
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Ocwen Financial position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Ocwen Financial will appreciate offsetting losses from the drop in the long position's value.Moving against Ocwen Stock
| 0.63 | BKRKY | Bank Rakyat | PairCorr |
| 0.6 | PPERY | Bank Mandiri Persero | PairCorr |
| 0.6 | KO | Coca Cola Sell-off Trend | PairCorr |
| 0.58 | TLK | Telkom Indonesia Tbk | PairCorr |
| 0.57 | MRK | Merck Company Fiscal Year End 6th of February 2025 | PairCorr |
The ability to find closely correlated positions to Ocwen Financial could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ocwen Financial when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Ocwen Financial - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Ocwen Financial to buy it.
The correlation of Ocwen Financial is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Ocwen Financial moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ocwen Financial moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Ocwen Financial can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Your Equity Center to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators. You can also try the ETF Categories module to list of ETF categories grouped based on various criteria, such as the investment strategy or type of investments.
Other Consideration for investing in Ocwen Stock
If you are still planning to invest in Ocwen Financial check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Ocwen Financial's history and understand the potential risks before investing.
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