Senvest Management Amends PennyMac Financial Stake

TL;DR

**Senvest Management updated its PennyMac stake, signaling a potential shift in institutional confidence.**

AI Summary

Senvest Management, LLC, an investment firm, filed an amended SC 13G/A on February 9, 2024, disclosing its ownership of PennyMac Financial Services, Inc. common stock as of December 31, 2023. This amendment indicates a change in their previously reported holdings, though the specific percentage or share count change isn't detailed in the provided text. This matters to investors because Senvest Management is a significant institutional holder, and changes in their position can signal their confidence (or lack thereof) in PennyMac's future performance.

Why It Matters

Large institutional investors like Senvest Management often have deep research capabilities, so their buying or selling activity can influence market sentiment and potentially the stock price of PennyMac Financial Services, Inc.

Risk Assessment

Risk Level: low — This filing is a routine update from a significant investor and does not indicate any immediate or severe risks to PennyMac Financial Services, Inc.

Analyst Insight

Investors should monitor future filings from Senvest Management, LLC to track their evolving position in PennyMac Financial Services, Inc. and consider this alongside other fundamental analysis before making investment decisions.

Key Players & Entities

• Senvest Management, LLC (company) — the reporting person and institutional investor
• PennyMac Financial Services, Inc. (company) — the subject company whose securities are being reported
• December 31, 2023 (date) — the date of the event requiring the filing
• February 9, 2024 (date) — the filing date of the SC 13G/A
• 70932M107 (other) — the CUSIP number for PennyMac Financial Services, Inc. common stock

FAQ

Key Financial Figures

• $0.0001 — me of Issuer) Common Stock, par value $0.0001 per share (Title of Class of Securitie

Filing Documents

• p24-0348sc13ga.htm (SC 13G/A) — 58KB
• 0000902664-24-001379.txt ( ) — 60KB

(a)

Item 1(a). Name of Issuer. PennyMac Financial Services, Inc. (the " Issuer ")

(b)

Item 1(b). Address of Issuer's Principal Executive Offices. 3043 Townsgate Road, Westlake Village, California 91361

(a)

Item 2(a). Name of Person Filing. This statement is filed by Senvest Management, LLC and Richard Mashaal. The reported securities are held in the account of Senvest Master Fund, LP (the " Investment Vehicle "). Senvest Management, LLC may be deemed to beneficially own the securities held by the Investment Vehicle by virtue of Senvest Management, LLC's position as investment manager of the Investment Vehicle. Mr. Mashaal may be deemed to beneficially own the securities held by the Investment Vehicle by virtue of Mr. Mashaal's status as the managing member of Senvest Management, LLC. None of the foregoing should be construed in and of itself as an admission by any Reporting Person as to beneficial ownership of the securities reported herein.

(b)

Item 2(b). Address of Principal Business Office. Senvest Management, LLC 540 Madison Avenue, 32 nd Floor New York, New York 10022 Richard Mashaal c/o Senvest Management, LLC 540 Madison Avenue, 32 nd Floor New York, New York 10022

(c)

Item 2(c). Place of Organization. Senvest Management, LLC – Delaware Richard Mashaal – Canada

(d)

Item 2(d). Title of Class of Securities. Common Stock, par value $0.0001 per share

(e)

Item 2(e). CUSIP Number. 70932M107 CUSIP No. 70932M107 13G/A Page 5 of 7 Pages Item 3. If this Statement is Filed Pursuant to §§ 240.13d-1(b) or 240.13d-2(b), or (c), check whether the Person Filing is a: (a) ¨ Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o); (b) ¨ Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c); (c) ¨ Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c); (d) ¨ Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8); (e) ¨ An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E); (f) ¨ An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F); (g) ¨ A parent holding company or control person in accordance with §240.13d-1(b)(1)(ii)(G); (h) ¨ A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C.1813); (i) ¨ A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); (j) ¨ A non-U.S. institution in accordance with §240.13d-1(b)(1)(ii)(J); (k) ¨ Group, in accordance with §240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with Rule 13d-1(b)(1)(ii)(J), please specify the type of institution: Item 4. Ownership. The information required by Items 4(a) – (c) is set forth in Rows (5) – (11) of the cover page for each Reporting Person hereto and is incorporated herein by reference for each such Reporting Person. The percentages set forth in this Schedule 13G/A are calculated based upon an aggregate of 49,925,752 shares of Common Stock outstanding as of October 27, 2023, as reported in the Issuer's Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2023 filed with the Securities and Exchange Commissi