OneMain Holdings, Inc. $OMF Shares Sold by Penn Capital Management Company LLC

Penn Capital Management Company LLC lessened its holdings in shares of OneMain Holdings, Inc. (NYSE:OMF) by 92.1% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 16,213 shares of the financial services provider’s stock after selling 188,334 shares during the quarter. Penn Capital Management Company LLC’s holdings in OneMain were worth $1,115,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Root Financial Partners LLC acquired a new position in OneMain during the 3rd quarter worth $26,000. Activest Wealth Management boosted its position in OneMain by 1,102.1% during the 3rd quarter. Activest Wealth Management now owns 577 shares of the financial services provider’s stock worth $33,000 after acquiring an additional 529 shares during the period. Atlantic Union Bankshares Corp acquired a new position in OneMain during the 4th quarter worth $36,000. Whittier Trust Co. of Nevada Inc. boosted its position in OneMain by 57.5% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 718 shares of the financial services provider’s stock worth $40,000 after acquiring an additional 262 shares during the period. Finally, Sunbelt Securities Inc. acquired a new position in OneMain during the 3rd quarter worth $46,000. Institutional investors and hedge funds own 85.82% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. JPMorgan Chase & Co. reduced their price target on OneMain from $63.00 to $55.00 and set an “underweight” rating for the company in a research report on Thursday, April 9th. BTIG Research restated a “neutral” rating on shares of OneMain in a report on Thursday, April 16th. TD Cowen restated a “buy” rating on shares of OneMain in a report on Monday, May 4th. Royal Bank Of Canada cut their price objective on OneMain from $73.00 to $70.00 and set an “outperform” rating for the company in a report on Monday, May 4th. Finally, Evercore set a $55.00 price objective on OneMain in a report on Tuesday, March 17th. Eight analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $68.30.

OneMain Stock Up 1.1%

Shares of OneMain stock opened at $54.37 on Thursday. The stock’s fifty day moving average is $55.00 and its 200-day moving average is $59.75. The firm has a market capitalization of $6.28 billion, a PE ratio of 8.09, a price-to-earnings-growth ratio of 0.40 and a beta of 1.27. OneMain Holdings, Inc. has a 12-month low of $45.78 and a 12-month high of $71.93.

OneMain (NYSE:OMF) last announced its earnings results on Friday, May 1st. The financial services provider reported $1.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.86 by $0.09. The company 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%.OneMain’s revenue for the quarter was up 6.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.72 earnings per share. Analysts expect that OneMain Holdings, Inc. will post 7.39 EPS for the current year.

OneMain Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Monday, May 11th were given 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 payout ratio is 62.50%.

Insider Activity

In other news, COO Micah R. Conrad sold 5,000 shares of the business’s stock in a transaction on Friday, April 17th. The stock was sold at an average price of $60.00, for a total transaction of $300,000.00. Following the sale, the chief operating officer directly owned 101,250 shares of the company’s stock, valued at $6,075,000. The trade was a 4.71% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.29% of the stock is owned by company insiders.

About OneMain

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.