Boothbay Fund Management LLC Acquires New Stake in OneMain Holdings, Inc. (NYSE:OMF)

Boothbay Fund Management LLC acquired a new position in shares of OneMain Holdings, Inc. (NYSE:OMF - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 5,716 shares of the financial services provider's stock, valued at approximately $298,000.

Several other large investors have also modified their holdings of OMF. Barclays PLC raised its stake in OneMain by 22.0% during the third quarter. Barclays PLC now owns 100,831 shares of the financial services provider's stock worth $4,747,000 after purchasing an additional 18,190 shares during the period. Wilmington Savings Fund Society FSB acquired a new stake in shares of OneMain during the 3rd quarter worth $184,000. B. Riley Wealth Advisors Inc. raised its position in shares of OneMain by 12.5% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 6,608 shares of the financial services provider's stock worth $306,000 after buying an additional 733 shares during the period. Principal Financial Group Inc. boosted its holdings in OneMain by 12.1% in the third quarter. Principal Financial Group Inc. now owns 805,256 shares of the financial services provider's stock valued at $37,903,000 after acquiring an additional 87,084 shares during the last quarter. Finally, Range Financial Group LLC purchased a new stake in OneMain during the fourth quarter valued at about $1,847,000. 85.82% of the stock is currently owned by hedge funds and other institutional investors.

OneMain Price Performance

OMF traded down $0.48 during trading on Tuesday, hitting $48.44. The company had a trading volume of 590,762 shares, compared to its average volume of 1,035,046. OneMain Holdings, Inc. has a 1-year low of $38.00 and a 1-year high of $58.90. The company has a market cap of $5.77 billion, a PE ratio of 11.42, a P/E/G ratio of 0.44 and a beta of 1.28. The business has a 50-day moving average of $47.42 and a 200-day moving average of $51.80.

OneMain (NYSE:OMF - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The financial services provider reported $1.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.55 by $0.17. OneMain had a return on equity of 18.39% and a net margin of 10.19%. The firm had revenue of $188.00 million for the quarter, compared to analysts' expectations of $1.16 billion. During the same period last year, the business posted $1.45 earnings per share. The firm's revenue for the quarter was up 7.1% on a year-over-year basis. Research analysts forecast that OneMain Holdings, Inc. will post 6.46 earnings per share for the current year.

OneMain Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 16th. Shareholders of record on Friday, May 9th will be issued a $1.04 dividend. The ex-dividend date is Friday, May 9th. This represents a $4.16 dividend on an annualized basis and a yield of 8.59%. OneMain's dividend payout ratio is currently 87.95%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on OMF shares. Evercore ISI assumed coverage on OneMain in a research note on Tuesday, March 25th. They issued an "in-line" rating and a $58.00 price objective on the stock. Northland Securities raised shares of OneMain from a "market perform" rating to an "outperform" rating in a research report on Tuesday, April 8th. Barclays set a $56.00 price objective on shares of OneMain in a research report on Friday, March 14th. JMP Securities restated a "market outperform" rating and set a $65.00 target price on shares of OneMain in a report on Wednesday, April 30th. Finally, JPMorgan Chase & Co. lowered their price target on OneMain from $58.00 to $46.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. Four analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, OneMain has an average rating of "Moderate Buy" and an average price target of $58.40.

Insider Buying and Selling at OneMain

In related news, CEO Douglas H. Shulman sold 25,000 shares of the business's stock in a transaction that occurred on Thursday, May 1st. The stock was sold at an average price of $47.49, for a total transaction of $1,187,250.00. Following the completion of the transaction, the chief executive officer now owns 343,925 shares in the company, valued at $16,332,998.25. The trade was a 6.78 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Michael A. Hedlund sold 2,808 shares of the company's stock in a transaction on Friday, February 21st. The stock was sold at an average price of $56.09, for a total value of $157,500.72. Following the transaction, the senior vice president now owns 15,831 shares of the company's stock, valued at approximately $887,960.79. The trade was a 15.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 67,808 shares of company stock worth $3,344,751 over the last ninety days. Company insiders own 0.45% of the company's stock.

OneMain Profile

OneMain Holdings, Inc, a financial service holding company, engages in the consumer finance and insurance businesses in the United States. It originates, underwrites, and services personal loans secured by automobiles, other titled collateral, or unsecured. The company also offers credit cards; optional credit insurance products, including life, disability, and involuntary unemployment insurance; optional non-credit insurance; guaranteed asset protection coverage as a waiver product or insurance; and membership plans.