Tricadia Capital Management Lowers stake in OneMain Holdings Inc (OMF)

OneMain Holdings Inc (OMF) : Tricadia Capital Management reduced its stake in OneMain Holdings Inc by 6.83% during the most recent quarter end. The investment management company now holds a total of 1,603,162 shares of OneMain Holdings Inc which is valued at $48.1 Million after selling 117,477 shares in OneMain Holdings Inc , the firm said in a disclosure report filed with the SEC on May 11, 2016.OneMain Holdings Inc makes up approximately 18.02% of Tricadia Capital Management’s portfolio.

Other Hedge Funds, Including , Amalgamated Bank sold out all of its stake in OMF during the most recent quarter. The investment firm sold 5,523 shares of OMF which is valued $165,690.First Trust Advisors Lp reduced its stake in OMF by selling 110,477 shares or 60.46% in the most recent quarter. The Hedge Fund company now holds 72,241 shares of OMF which is valued at $2.2 Million. OneMain Holdings Inc makes up approx 0.01% of First Trust Advisors Lp’s portfolio. Calvert Investment Management sold out all of its stake in OMF during the most recent quarter. The investment firm sold 8,887 shares of OMF which is valued $279,407.

On the company’s financial health, OneMain Holdings Inc reported $1.05 EPS for the quarter, missing the analyst consensus estimate by $ -0.03 based on the information available during the earnings call on May 4, 2016. Analyst had a consensus of $1.08.Analysts expectations of $ 999.10.

Many Wall Street Analysts have commented on OneMain Holdings Inc. Shares were Reiterated by Barclays on Apr 12, 2016 to “Overweight” and Lowered the Price Target to $ 34 from a previous price target of $35 .Barclays Resumed OneMain Holdings Inc on Feb 26, 2016 to “Overweight”, Price Target of the shares are set at $35.Shares were Downgraded by Compass Point on Feb 26, 2016 to ” Neutral” and Lowered the Price Target to $ 30 from a previous price target of $64 .

OneMain Holdings Inc. formerly Springleaf Holdings Inc. (SHI) is a consumer financial services holding company. The Company provides responsible loan products to customers through its branch network and through its centralized operations. The Company operates its business through three segments: Consumer and Insurance; Acquisitions and Servicing and Real Estate. The Company originates and services secured and unsecured personal loans and offer voluntary credit insurance and related products through its branch network and its centralized operations. The Company pursues strategic acquisitions of loan portfolios through its Springleaf Acquisitions division. Springleaf Finance Inc. (SFI) is the subsidiary of the Company. SFI’s subsidiary is Springleaf Finance Corporation (SFC) which is a financial services holding company with subsidiaries engaged in the consumer finance and credit insurance businesses.

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