Onity Group Settles Oaktree Warrants via Net Share Issuance

Onity Group ( (ONIT) ) has provided an announcement.

On December 5, 2025, Oaktree Capital Management exercised warrants held by two of its funds to purchase 1,184,768 shares of Onity Group Inc. common stock that were originally exercisable through March 4, 2027 at $26.82 per share. To preserve liquidity for growth and capital structure initiatives, Onity chose to settle the exercise via a net issuance of 462,762 shares based on a trailing average share price of $44.01, leaving the company with no warrants outstanding and removing uncertainty about future dilution; the transaction also followed Oaktree’s loss of Board observer rights in September 2025 and resulted in an implied book value per share dilution of $3.38, or 5.4%, based on a post-issuance share count of 8,521,636 as of September 30, 2025.

The most recent analyst rating on (ONIT) stock is a Buy with a $60.00 price target. To see the full list of analyst forecasts on Onity Group stock, see the ONIT Stock Forecast page.

Spark’s Take on ONIT Stock

According to Spark, TipRanks’ AI Analyst, ONIT is a Neutral.

Onity Group’s overall stock score is driven by strong earnings call performance and positive corporate events, which are offset by financial challenges related to high leverage and cash flow management. Technical indicators show a positive trend, while valuation remains reasonable.

To see Spark’s full report on ONIT stock, click here.

More about Onity Group

Onity Group Inc. is a publicly traded company whose common stock is held by institutional investors such as Oaktree Capital Management, though the release does not specify its industry, products, or services.

Average Trading Volume: 34,740

Technical Sentiment Signal: Buy

Current Market Cap: $359M

See more data about ONIT stock on TipRanks’ Stock Analysis page.