Ocwen reported a net loss of $68.3 million compared to a net loss of $83.2 million last year.
Ocwen Financial Corp (NYSE:OCN) major shareholder Leon G. Cooperman sold 425,000 shares of the company’s stock in a transaction that occurred on Thursday, December 6th. The shares were sold at an average price of $1.95, for a total transaction of $828,750.00. Following the sale, the insider now owns 1,000,000 shares in the company, valued at $1,950,000.
Cooperman has been a long time investor in Ocwen. Wilbur Ross was shot the stock … Wilbur made the better decision.