Page 20 - Jay Farner News Today

AGF Investments LLC acquired a new position in Rocket Companies, Inc. (NYSE:RKT – Get Rating) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 51,292 shares of the company’s stock, valued at approximately $718,000. Several other hedge funds and other […]

Rocket Companies, Inc. (NYSE:RKT – Get Rating) CEO Jay Farner acquired 19,500 shares of the stock in a transaction dated Wednesday, April 6th. The shares were acquired at an average cost of $10.24 per share, with a total value of $199,680.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which […]

Rocket Companies (NYSE:RKT – Get Rating) had its price target lowered by equities researchers at Morgan Stanley from $12.00 to $11.00 in a research note issued to investors on Thursday, Benzinga reports. The brokerage presently has an “equal weight” rating on the stock. Morgan Stanley’s target price would suggest a potential upside of 9.34% from […]

Rocket Companies, Inc. (NYSE:RKT – Get Rating) CEO Jay Farner purchased 13,100 shares of the business’s stock in a transaction dated Friday, April 1st. The shares were purchased at an average cost of $11.04 per share, for a total transaction of $144,624.00. The purchase was disclosed in a legal filing with the Securities & Exchange […]

Rocket Companies, Inc. (NYSE:RKT – Get Rating) CEO Jay Farner acquired 8,900 shares of the firm’s stock in a transaction on Wednesday, March 30th. The stock was bought at an average price of $11.20 per share, with a total value of $99,680.00. The purchase was disclosed in a document filed with the Securities & Exchange […]

It's perhaps no surprise that top corporate executives would be bullish on their company's stock, but Detroit mortgage executive Jay Farner is putting his money where his mouth is. Investors have largely given the cold shoulder to Farner's company, Rocket Companies Inc. (NYSE: RKT), the Detroit…

From Crain's Detroit Business: It's perhaps no surprise that top corporate executives would be bullish on their company's stock, but mortgage executive Jay Farner is putting his money where his mouth is. The Rocket Companies vice chairman and CEO plans to purchase up to $36 million of the company's stock on the open market, in accordance with Rocket's insider trading policies, according to a federal securities filing on Monday morning, March 21

The beginning of the end of an era of dirt-cheap money available for borrowing came Wednesday, but metro Detroit financial executives say the impact — at least in the short term — should be fairly muted. Rock-bottom interest rates have helped bolster the mortgage industry toward…

Andaz Private Investments, an investment management firm, published its fourth-quarter 2021 investor letter – a copy of which can be downloaded here.

As independent mortgage bankers feel a liquidity pinch, portfolio sales such as the one being brokered by Mortgage Industry Advisory Corp. are likely to increase.