5 Dividend Stocks to Buy Now According to Allon Hellmann’s Full18 Capital

3. OneMain Holdings, Inc. (NYSE:OMF)

Full18 Capital Stake Value: $2,732,000
Percentage of Full18 Capital’s 13F Portfolio: 1.13%
Number of Hedge Fund Holders: 41
Dividend Yield: 5.3%

Full18 Capital holds 45,594 shares in OneMain Holdings, Inc. (NYSE:OMF) worth over $2.73 million, representing 1.13% of their portfolio. The hedge fund has increased its stake in the firm by 19% in the second quarter of 2021.

In the third quarter of 2021, the company posted an EPS of $2.37 surpassing the estimates by $0.09. On October 22, BMO Capital analyst James Fotheringham lowered his price target on OneMain Holdings to $60 from $65 and kept a “Market Perform” rating on the shares. According to the analyst, the company’s Q3 results exceeded expectations due to solid installment loan demand and progress on expansion operations, even though loan returns are down and operational costs are rising faster than projected.

OneMain Holdings, Inc. (NYSE:OMF) saw a decrease in hedge fund sentiment recently. The number of long hedge fund positions declined to 41 at the end of the second quarter compared to 43 positions in the previous quarter.