Penn Capital Management Company LLC Has $1.12 Million Stock Position in OneMain Holdings, Inc. $OMF

Penn Capital Management Company LLC trimmed its holdings in shares of OneMain Holdings, Inc. (NYSE:OMF) by 92.1% during the 4th quarter, Holdings Channel reports. The institutional investor owned 16,213 shares of the financial services provider’s stock after selling 188,334 shares during the period. Penn Capital Management Company LLC’s holdings in OneMain were worth $1,115,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the business. Vanguard Group Inc. raised its position in OneMain by 2.1% during the third quarter. Vanguard Group Inc. now owns 11,970,406 shares of the financial services provider’s stock valued at $675,849,000 after buying an additional 249,785 shares during the period. Capital International Investors boosted its stake in shares of OneMain by 0.8% during the 3rd quarter. Capital International Investors now owns 10,376,590 shares of the financial services provider’s stock valued at $585,868,000 after buying an additional 82,202 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of OneMain by 1.6% during the 3rd quarter. Dimensional Fund Advisors LP now owns 3,980,031 shares of the financial services provider’s stock valued at $224,723,000 after buying an additional 63,774 shares during the period. State Street Corp boosted its stake in shares of OneMain by 4.0% during the 2nd quarter. State Street Corp now owns 2,162,097 shares of the financial services provider’s stock valued at $123,240,000 after buying an additional 82,204 shares during the period. Finally, Arrowstreet Capital Limited Partnership boosted its stake in shares of OneMain by 57.0% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,965,244 shares of the financial services provider’s stock valued at $110,958,000 after buying an additional 713,670 shares during the period. 85.82% of the stock is owned by institutional investors and hedge funds.

OneMain Stock Performance

Shares of NYSE OMF opened at $54.37 on Thursday. The firm has a market cap of $6.28 billion, a price-to-earnings ratio of 8.09, a P/E/G ratio of 0.40 and a beta of 1.27. The business’s 50-day simple moving average is $55.00 and its 200-day simple moving average is $59.75. OneMain Holdings, Inc. has a 52 week low of $45.78 and a 52 week high of $71.93.

OneMain (NYSE:OMF) last issued its quarterly earnings data on Friday, May 1st. The financial services provider reported $1.95 EPS for the quarter, beating analysts’ consensus estimates of $1.86 by $0.09. The business had revenue of $1.58 billion for the quarter, compared to analyst estimates of $1.27 billion. OneMain had a return on equity of 24.24% and a net margin of 14.38%.The firm’s revenue for the quarter was up 6.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.72 EPS. As a group, equities research analysts forecast that OneMain Holdings, Inc. will post 7.39 earnings per share for the current year.

OneMain Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Monday, May 11th were issued a dividend of $1.05 per share. The ex-dividend date of this dividend was Monday, May 11th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 7.7%. OneMain’s dividend payout ratio is currently 62.50%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on OMF shares. Stephens decreased their target price on shares of OneMain to $76.00 and set an “overweight” rating for the company in a research note on Friday, February 6th. Royal Bank Of Canada dropped their target price on OneMain from $73.00 to $70.00 and set an “outperform” rating on the stock in a research report on Monday, May 4th. TD Cowen reaffirmed a “buy” rating on shares of OneMain in a research report on Monday, May 4th. Evercore set a $55.00 price objective on OneMain in a report on Tuesday, March 17th. Finally, BTIG Research restated a “neutral” rating on shares of OneMain in a report on Thursday, April 16th. Eight investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, OneMain has a consensus rating of “Moderate Buy” and an average price target of $68.30.

Insider Activity at OneMain

In other news, COO Micah R. Conrad sold 5,000 shares of the stock in a transaction dated Friday, April 17th. The stock was sold at an average price of $60.00, for a total transaction of $300,000.00. Following the transaction, the chief operating officer owned 101,250 shares of the company’s stock, valued at approximately $6,075,000. This represents a 4.71% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.29% of the company’s stock.

OneMain Company Profile

OneMain Financial (NYSE: OMF) is a leading consumer finance company specializing in unsecured personal loans for middle-income customers. The company offers tailored loan products designed to address a variety of needs, including debt consolidation, home improvement financing, large purchases and emergency expenses. Through a combination of branch-based service and digital channels, OneMain aims to deliver a personalized borrowing experience with flexible repayment options and transparent terms.

Tracing its roots back to the Commercial Credit Company founded in 1912, OneMain has evolved through a series of mergers and corporate transformations.