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OneMain Stock Is Up 30% This Past Year but One Fund Just Cashed Out $4.8 Million
The Motley Foolยท 2025-12-28 17:02
Company Overview - OneMain Holdings provides personal installment loans and related financial products to non-prime consumers in the United States, leveraging an extensive branch network and digital channels to reach a broad customer base [5][7] - The company reported a revenue of $4.89 billion and a net income of $705 million for the trailing twelve months (TTM) [4] - OneMain's dividend yield stands at 6%, with shares priced at $69.08, reflecting a 30% increase over the past year, outperforming the S&P 500, which rose about 15% in the same period [3][4] Recent Developments - Gator Capital Management exited its entire holding in OneMain Holdings, selling 83,850 shares valued at approximately $4.78 million, as disclosed in a November 13 SEC filing [2][3] - Prior to the sale, OneMain Holdings represented 1.48% of Gator Capital's assets under management (AUM) [3] - The decision to sell appears to be more about portfolio management and redeployment of capital rather than concerns about OneMain's performance [9] Financial Performance - OneMain reported a GAAP EPS of $1.67, an increase from $1.31 a year prior, and raised its dividend to $1.05 per share while authorizing a $1 billion buyback program [8] - Managed receivables grew to nearly $26 billion, with net charge-offs trending lower, indicating solid operational performance [8]