Segall Bryant & Hamill LLC Invests $1.31 Million in Onity Group (NYSE:ONIT)

Segall Bryant & Hamill LLC acquired a new position in shares of Onity Group (NYSE:ONIT - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 42,520 shares of the company's stock, valued at approximately $1,306,000. Segall Bryant & Hamill LLC owned 0.54% of Onity Group as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Corebridge Financial Inc. acquired a new position in shares of Onity Group during the 4th quarter worth approximately $98,000. New York State Common Retirement Fund acquired a new stake in Onity Group during the fourth quarter worth approximately $100,000. SBI Securities Co. Ltd. acquired a new stake in Onity Group during the fourth quarter worth approximately $224,000. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Onity Group in the 4th quarter valued at approximately $226,000. Finally, Rhumbline Advisers acquired a new stake in shares of Onity Group during the 4th quarter worth approximately $313,000. Institutional investors and hedge funds own 70.16% of the company's stock.

Onity Group Trading Up 1.8 %

Shares of NYSE ONIT traded up $0.60 during trading on Wednesday, reaching $32.87. The company had a trading volume of 2,003 shares, compared to its average volume of 33,436. The stock has a market cap of $258.75 million, a P/E ratio of 8.04 and a beta of 1.98. The company's fifty day moving average price is $33.58 and its 200-day moving average price is $31.81. The company has a quick ratio of 26.46, a current ratio of 26.46 and a debt-to-equity ratio of 20.28. Onity Group has a 12 month low of $22.40 and a 12 month high of $41.27.

Onity Group (NYSE:ONIT - Get Free Report) last posted its quarterly earnings data on Thursday, February 13th. The company reported $1.39 EPS for the quarter, missing analysts' consensus estimates of $2.34 by ($0.95). Onity Group had a net margin of 3.47% and a return on equity of 20.50%. The firm had revenue of $224.80 million during the quarter, compared to the consensus estimate of $253.37 million. As a group, research analysts expect that Onity Group will post 10.51 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. B. Riley raised Onity Group to a "strong-buy" rating in a research note on Tuesday, January 7th. BTIG Research raised shares of Onity Group from a "neutral" rating to a "buy" rating and set a $40.00 target price on the stock in a research note on Monday, December 9th.

Onity Group Profile

Onity Group Inc, a financial services company, originates and services mortgage loans in the United States, the United States Virgin Islands, India, and the Philippines. It operates through, Servicing and Originations segments. The company provides commercial forward mortgage loan servicing, reverse mortgage servicing, special servicing, and asset management services for to owners of mortgage loans and foreclosed real estate, as well as residential mortgage loan servicing, such as forward and reverse conventional, government-insured, and non-agency loans, including the reverse mortgage loans classified as loans.