Here’s What Makes Mr. Cooper Group (COOP) a Great Investment

Diamond Hill Capital, an investment management firm, published its “Diamond Hill All Cap Select Fund” first-quarter 2022 investor letter – a copy of which can be downloaded here. During a volatile quarter, the Diamond Hill All Cap Select Fund held up meaningfully better than the Russell 3000 Index. After a strong rebound in 2021, global GDP growth is expected to moderate in 2022. Try to take some time looking at the fund’s top 5 holdings to be informed about their best picks for 2022.

In its Q1 2022 investor letter, Diamond Hill All Cap Select Fund mentioned Mr. Cooper Group Inc. (NASDAQ:COOP) and explained its insights for the company. Founded in 2015, Mr. Cooper Group Inc. (NASDAQ:COOP) is a Coppell, Texas-based quality servicing, origination, and transaction-based services provider with a $2.7 billion market capitalization. Mr. Cooper Group Inc. (NASDAQ:COOP) delivered a -10.41% return since the beginning of the year, while its 12-month returns are up by 13.21%. The stock closed at $37.28 per share on July 14, 2022.

Here is what Diamond Hill All Cap Select Fund Concentrated Fund has to say about Mr. Cooper Group Inc. (NASDAQ:COOP) in its Q1 2022 investor letter:

“Other top contributors included mortgage servicing company Mr. Cooper Group (NASDAQ:COOP). Mr. Cooper Group continues to perform well fundamentally, even with the prospects of a challenging mortgage originations market. Its balanced business model between origination and servicing should position the company well in the quarters ahead.”

Our calculations show that Mr. Cooper Group Inc. (NASDAQ:COOP) fell short and didn’t make it on our list of the 30 Most Popular Stocks Among Hedge Funds. Mr. Cooper Group Inc. (NASDAQ:COOP) was in 30 hedge fund portfolios at the end of the first quarter of 2022, compared to 38 funds in the previous quarter. Mr. Cooper Group Inc. (NASDAQ:COOP) delivered a -14.77% return in the past 3 months.

In March 2021, we also shared another hedge fund’s views on Mr. Cooper Group Inc. (NASDAQ:COOP) in another article. You can find other investor letters from hedge funds and prominent investors on our hedge fund investor letters 2022 Q1 page.

Disclosure: None. This article is originally published at Insider Monkey.