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Derek Stark Sells 1,903 Shares of PennyMac Financial Services (NYSE:PFSI) Stock
Derek Stark, an insider at PennyMac Financial Services (NYSE:PFSI), sold 1,903 shares of the company’s stock for a total of $174,124.50, reducing his holding by 7.81%. This sale occurred shortly after PennyMac missed its quarterly earnings and revenue estimates. Despite the earnings miss and a “Hold” average analyst rating, the company announced a quarterly dividend of $0.30 per share.