Published on 20 Sep 2021 on Insider Monkey via Yahoo Finance

Ocwen Financial Corporation (OCN): Hedge Fund Sentiment Unchanged

The latest 13F reporting period has come and gone, and Insider Monkey is again at the forefront when it comes to making use of this gold mine of data. We have processed the filings of the more than 873 world-class investment firms that we track and now have access to the collective wisdom contained in these filings, which are based on their June 30th holdings, data that is available nowhere else. Should you consider Ocwen Financial Corporation (NYSE:OCN) for your portfolio? We'll look to this invaluable collective wisdom for the answer.

Ocwen Financial Corporation (NYSE:OCN) shares haven't seen a lot of action during the second quarter. Overall, hedge fund sentiment was unchanged. The stock was in 10 hedge funds' portfolios at the end of the second quarter of 2021. Our calculations also showed that OCN isn't among the 30 most popular stocks among hedge funds (click for Q2 rankings). At the end of this article we will also compare OCN to other stocks including Laird Superfood, Inc. (NYSE:LSF), BlueCity Holdings Limited (NASDAQ:BLCT), and Platinum Group Metals Limited (NYSE:PLG) to get a better sense of its popularity.

In the financial world there are a large number of tools investors have at their disposal to grade stocks. A pair of the most under-the-radar tools are hedge fund and insider trading indicators. We have shown that, historically, those who follow the top picks of the best fund managers can outperform the broader indices by a solid amount. Insider Monkey's monthly stock picks returned 185.4% since March 2017 and outperformed the S&P 500 ETFs by more than 79 percentage points (see the details here). That's why we believe hedge fund sentiment is a useful indicator that investors should pay attention to.