OneMain Holdings, Inc. (NYSE:OMF) Shares Acquired by Prescott Group Capital Management L.L.C.

Prescott Group Capital Management L.L.C. lifted its position in shares of OneMain Holdings, Inc. (NYSE:OMF - Free Report) by 86.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 151,000 shares of the financial services provider's stock after acquiring an additional 70,000 shares during the period. OneMain makes up approximately 1.1% of Prescott Group Capital Management L.L.C.'s portfolio, making the stock its 14th largest position. Prescott Group Capital Management L.L.C. owned approximately 0.13% of OneMain worth $7,872,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. IFP Advisors Inc grew its position in OneMain by 180.0% in the 4th quarter. IFP Advisors Inc now owns 770 shares of the financial services provider's stock worth $40,000 after purchasing an additional 495 shares during the period. R Squared Ltd bought a new position in OneMain in the 4th quarter worth $44,000. Richardson Financial Services Inc. bought a new position in OneMain in the 4th quarter worth $44,000. Fourth Dimension Wealth LLC purchased a new stake in OneMain in the 4th quarter worth $57,000. Finally, SRS Capital Advisors Inc. lifted its stake in OneMain by 177.8% in the 4th quarter. SRS Capital Advisors Inc. now owns 1,389 shares of the financial services provider's stock worth $72,000 after purchasing an additional 889 shares in the last quarter. Institutional investors own 85.82% of the company's stock.

Analysts Set New Price Targets

Several analysts have commented on OMF shares. Northland Capmk upgraded shares of OneMain from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, April 8th. Northland Securities raised shares of OneMain from a "market perform" rating to an "outperform" rating in a research note on Tuesday, April 8th. Stephens restated an "overweight" rating and issued a $62.00 target price on shares of OneMain in a research note on Monday, February 3rd. Royal Bank of Canada increased their price objective on shares of OneMain from $62.00 to $65.00 and gave the company an "outperform" rating in a research note on Monday, February 3rd. Finally, Evercore ISI initiated 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. Four research 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's stock. Based on data from MarketBeat.com, OneMain has an average rating of "Moderate Buy" and an average price target of $58.40.

OneMain Trading Down 0.8%

Shares of NYSE OMF traded down $0.44 during midday trading on Wednesday, reaching $52.15. The company had a trading volume of 1,126,995 shares, compared to its average volume of 1,048,254. The business's 50-day simple moving average is $47.95 and its 200 day simple moving average is $51.90. The stock has a market cap of $6.20 billion, a P/E ratio of 12.30, a P/E/G 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.

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

OneMain Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 16th. Stockholders of record on Friday, May 9th were paid a dividend of $1.04 per share. This represents a $4.16 annualized dividend and a dividend yield of 7.98%. The ex-dividend date of this dividend was Friday, May 9th. OneMain's payout ratio is currently 87.95%.

Insider Activity at OneMain

In other OneMain news, CEO Douglas H. Shulman sold 40,000 shares of the firm's stock in a transaction that occurred on Tuesday, April 29th. The shares were sold at an average price of $50.00, for a total value of $2,000,000.00. Following the transaction, the chief executive officer now directly owns 368,925 shares of the company's stock, valued at $18,446,250. This trade represents a 9.78% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.40% of the stock is currently owned by corporate insiders.

OneMain Company 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.