Below we present the list of 5 Best Finance Stocks to Buy Right Now According to Leon Cooperman. For our methodology and a more comprehensive list please see 10 Best Finance Stocks to Buy Right Now According to Leon Cooperman. Note that all hedge fund data is based on the exclusive group of 800+ funds tracked by Insider Monkey as part of our market-beating investment strategy.
5. Ocwen Financial Corporation (NYSE:OCN)
Ocwen Financial Corporation (NYSE:OCN) is up first among Leon Cooperman’s top finance stock picks. The billionaire Chairman and CEO of Omega Advisors owned 879,037 OCN shares on September 30 according to his latest 13F filing and has held a stake in the mortgage services company dating back to 2017.
Hedge fund ownership of Ocwen has withered over the last five years, falling by 71%, identical to the amount which the stock has declined over the last five years. OCN shares did get a boost from Cooperman in early February when he remarked on CNBC that they had been oversold since Ocwen’s acquisition of PHH in October 2018, a move which piled on debt and weighed on operations. Ocwen shares have gained just under 50% this year as the company moves towards a return to profitability in 2021.