Boothbay Fund Management LLC Makes New $298,000 Investment in OneMain Holdings, Inc. (NYSE:OMF)

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

Other large investors also recently bought and sold shares of the company. FNY Investment Advisers LLC acquired a new stake in shares of OneMain in the fourth quarter valued at about $26,000. Albion Financial Group UT purchased a new position in OneMain during the 4th quarter valued at about $26,000. Legend Financial Advisors Inc. purchased a new stake in shares of OneMain during the fourth quarter worth approximately $26,000. IFP Advisors Inc increased its stake in OneMain by 180.0% in the fourth quarter. IFP Advisors Inc now owns 770 shares of the financial services provider's stock valued at $40,000 after purchasing an additional 495 shares during the last quarter. Finally, Richardson Financial Services Inc. purchased a new stake in OneMain in the fourth quarter valued at approximately $44,000. Institutional investors own 85.82% of the company's stock.

OneMain Price Performance

Shares of NYSE OMF traded up $1.41 during mid-day trading on Thursday, reaching $50.11. 221,472 shares of the company's stock traded hands, compared to its average volume of 1,032,498. The stock has a market cap of $5.96 billion, a P/E ratio of 11.82, a PEG ratio of 0.44 and a beta of 1.28. OneMain Holdings, Inc. has a 1-year low of $38.00 and a 1-year high of $58.90. The business has a 50-day simple moving average of $47.23 and a 200 day simple moving average of $51.75.

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

OneMain Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 16th. Shareholders of record on Friday, May 9th will be given a dividend of $1.04 per share. This represents a $4.16 annualized dividend and a yield of 8.30%. The ex-dividend date is Friday, May 9th. OneMain's dividend payout ratio is currently 87.95%.

Analyst Ratings Changes

A number of analysts recently commented on OMF shares. Northland Securities raised shares of OneMain from a "market perform" rating to an "outperform" rating in a report on Tuesday, April 8th. JMP Securities reaffirmed a "market outperform" rating and issued a $65.00 price objective on shares of OneMain in a research note on Wednesday, April 30th. StockNews.com raised OneMain from a "hold" rating to a "buy" rating in a research report on Wednesday, February 12th. Evercore ISI began coverage on shares of OneMain in a research note on Tuesday, March 25th. They set an "in-line" rating and a $58.00 price objective on the stock. Finally, Royal Bank of Canada increased their target price on shares of OneMain from $62.00 to $65.00 and gave the company an "outperform" rating in a research report on Monday, February 3rd. Four analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $58.40.

Insiders Place Their Bets

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

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.