Is OneMain Holdings Inc (OMF) A Good Stock To Buy?

Judging by the fact that OneMain Holdings Inc (NYSE:OMF) has experienced a declination in interest from the entirety of the hedge funds we track, it’s easy to see that there is a sect of hedge funds that decided to sell off their full holdings last quarter. At the top of the heap, Emanuel J. Friedman’s EJF Capital said goodbye to the biggest investment of the 700 funds monitored by Insider Monkey, comprising close to $31.2 million in stock, and Christopher A. Winham’s Tide Point Capital was right behind this move, as the fund cut about $23 million worth. These transactions are intriguing to say the least, as total hedge fund interest fell by 1 funds last quarter.

Let’s now review hedge fund activity in other stocks – not necessarily in the same industry as OneMain Holdings Inc (NYSE:OMF) but similarly valued. We will take a look at Dicks Sporting Goods Inc (NYSE:DKS), Packaging Corp Of America (NYSE:PKG), Rollins, Inc. (NYSE:ROL), and Antero Resources Corp (NYSE:AR). All of these stocks’ market caps match OMF’s market cap.

As you can see these stocks had an average of 22.75 hedge funds with bullish positions and the average amount invested in these stocks was $439 million. That figure was $3687 million in OMF’s case. Dicks Sporting Goods Inc (NYSE:DKS) is the most popular stock in this table. On the other hand Packaging Corp Of America (NYSE:PKG) is the least popular one with only 19 bullish hedge fund positions. Compared to these stocks OneMain Holdings Inc (NYSE:OMF) is more popular among hedge funds. Considering that hedge funds are fond of this stock in relation to its market cap peers, it may be a good idea to analyze it in detail and potentially include it in your portfolio.