Dimensional Fund Advisors LP Acquires Shares of 396,558 Onity Group (NYSE:ONIT)

Dimensional Fund Advisors LP acquired a new stake in Onity Group (NYSE:ONIT - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 396,558 shares of the company's stock, valued at approximately $12,178,000. Dimensional Fund Advisors LP owned approximately 5.04% of Onity Group as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Marshall Wace LLP acquired a new stake in shares of Onity Group during the fourth quarter worth $703,000. Zacks Investment Management acquired a new stake in Onity Group in the 4th quarter worth about $2,486,000. Barclays PLC purchased a new stake in Onity Group in the 4th quarter valued at about $310,000. Raymond James Financial Inc. purchased a new stake in Onity Group in the 4th quarter valued at about $886,000. Finally, Renaissance Technologies LLC acquired a new position in shares of Onity Group during the 4th quarter valued at about $747,000. Institutional investors and hedge funds own 70.16% of the company's stock.

Onity Group Trading Down 0.3%

Shares of NYSE ONIT traded down $0.13 during midday trading on Thursday, hitting $39.05. The stock had a trading volume of 9,582 shares, compared to its average volume of 36,204. The company has a quick ratio of 26.46, a current ratio of 26.46 and a debt-to-equity ratio of 20.28. Onity Group has a 1-year low of $22.40 and a 1-year high of $41.27. The company has a market capitalization of $312.71 million, a price-to-earnings ratio of 9.55 and a beta of 1.89. The company has a fifty day moving average price of $32.32 and a 200 day moving average price of $32.39.

Onity Group (NYSE:ONIT - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The company reported $2.84 EPS for the quarter, beating the consensus estimate of $1.79 by $1.05. Onity Group had a net margin of 3.47% and a return on equity of 20.50%. The firm had revenue of $249.80 million for the quarter, compared to analyst estimates of $244.63 million. On average, analysts predict that Onity Group will post 10.51 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on ONIT. BTIG Research restated a "buy" rating on shares of Onity Group in a report on Monday, May 5th. Keefe, Bruyette & Woods boosted their price objective on shares of Onity Group from $45.00 to $50.00 and gave the company an "outperform" rating in a research note on Wednesday, May 7th.

Onity Group Profile

Onity Group Inc, a financial services company, originates and services mortgage loans in the United States, the United States Virgin Islands, India, and the Philippines. It operates through, Servicing and Originations segments. The company provides commercial forward mortgage loan servicing, reverse mortgage servicing, special servicing, and asset management services for to owners of mortgage loans and foreclosed real estate, as well as residential mortgage loan servicing, such as forward and reverse conventional, government-insured, and non-agency loans, including the reverse mortgage loans classified as loans.