RBF Capital LLC Buys Shares of 129,356 Onity Group (NYSE:ONIT)

RBF Capital LLC purchased a new position in shares of Onity Group (NYSE:ONIT - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 129,356 shares of the company's stock, valued at approximately $3,973,000. RBF Capital LLC owned approximately 1.64% of Onity Group at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Corebridge Financial Inc. acquired a new position in shares of Onity Group during the 4th quarter valued at about $98,000. New York State Common Retirement Fund acquired a new position in shares of Onity Group in the 4th quarter valued at $100,000. Wells Fargo & Company MN purchased a new position in shares of Onity Group in the 4th quarter worth $116,000. MetLife Investment Management LLC purchased a new position in shares of Onity Group in the 4th quarter worth $117,000. Finally, SBI Securities Co. Ltd. acquired a new position in Onity Group in the fourth quarter valued at $224,000. Institutional investors and hedge funds own 70.16% of the company's stock.

Onity Group Stock Up 1.9 %

Shares of Onity Group stock traded up $0.62 during trading hours on Monday, hitting $33.68. 13,772 shares of the company's stock traded hands, compared to its average volume of 48,024. Onity Group has a twelve month low of $22.40 and a twelve month high of $41.27. The company has a market cap of $265.12 million, a PE ratio of 8.23 and a beta of 1.58. The company has a quick ratio of 26.46, a current ratio of 26.46 and a debt-to-equity ratio of 20.28. The stock has a 50 day simple moving average of $30.85 and a 200-day simple moving average of $31.77.

Onity Group (NYSE:ONIT - Get Free Report) last posted its quarterly earnings data on Thursday, February 13th. The company reported $1.39 EPS for the quarter, missing analysts' consensus estimates of $2.34 by ($0.95). Onity Group had a net margin of 3.47% and a return on equity of 20.50%. The company had revenue of $224.80 million for the quarter, compared to the consensus estimate of $253.37 million. Equities research analysts anticipate that Onity Group will post 10.51 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, B. Riley upgraded Onity Group to a "strong-buy" rating in a report on Tuesday, January 7th.

Onity Group Company 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.