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Home > Insider Trading > Latest 13D and 13G Filings > 13G Filing (0001019056-23-000146)

Filing Details

Accession Number:
0001019056-23-000146
Form Type:
13G Filing
Publication Date:
2023-02-13 19:00:00
Filed By:
Long Focus Capital Management, Llc
Company:
Onity Group Inc. (NYSE:ONIT)
Filing Date:
2023-02-14
SEC Url:
13G Filing
Ownership Summary

Please notice the below summary table is generated without human intervention and may contain errors. Please refer to the complete filing displayed below for exact figures.

Name Sole Voting Power Shared Voting Power Sole Dispositive Power Shared Dispositive Power Aggregate Amount Owned Power Percent of Class
LONG FOCUS CAPITAL MANAGEMENT 0 652,088 0 652,088 652,088 8.6%
LONG FOCUS CAPITAL MASTER, LTD. 46-30047 0 309,964 0 309,964 309,964 4.1%
CONDAGUA 0 342,124 0 342,124 342,124 4.5%
JOHN B. HELMERS 0 652,088 0 652,088 652,088 8.6%
A. GLENN HELMERS 0 342,124 0 342,124 342,124 4.5%
Filing
 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

Under the Securities Exchange Act of 1934
(Amendment No. 1)*

Ocwen Financial Corporation

 

(Name of Issuer)

Common Stock

 

(Title of Class of Securities)

675746606

 

(CUSIP Number)

Long Focus Capital Management LLC
207 Calle Del Parque
A&M  Tower, 8th Floor
San Juan, PR 00912
(787) 333-0240

 

(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)

December 31, 2022

 

(Date of Event which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
x  Rule 13d-1(b)
o  Rule 13d-1(c)
o  Rule 13d-1(d)

 

* The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

 

The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

 
         
CUSIP No. 675746606   13G   Page 2 of 10 Pages
         
1.   NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

LONG FOCUS CAPITAL MANAGEMENT, LLC
46-2772035		    
2.   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(see instructions)
(a)    x
(b)    o		    
3.   SEC USE ONLY
 		    
4.   CITIZENSHIP OR PLACE OF ORGANIZATION
 
DELAWARE, USA		    
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH   5.   SOLE VOTING POWER
 
0
  6.  

SHARED VOTING POWER

652,088

  7.   SOLE DISPOSITIVE POWER
 
0
  8.   SHARED DISPOSITIVE POWER
 
652,088
9.  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

652,088 shares

    
10.   CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
(see instructions)    o		    
11.   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

8.6%		    
12.   TYPE OF REPORTING PERSON (see instructions)

IA		    
 
         
CUSIP No. 675746606   13G   Page 3 of 10 Pages
         
1.   NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

LONG FOCUS CAPITAL MASTER, LTD.
46-3004723		    
2.   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(see instructions)
(a)    x
(b)    o		    
3.   SEC USE ONLY
 		    
4.   CITIZENSHIP OR PLACE OF ORGANIZATION
 
CAYMAN ISLANDS		    
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH   5.   SOLE VOTING POWER
 
0
  6.  

SHARED VOTING POWER

309,964

  7.   SOLE DISPOSITIVE POWER
 
0
  8.   SHARED DISPOSITIVE POWER
 
309,964
9.  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

309,964 shares

    
10.   CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
(see instructions)    o		    
11.   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

4.1%		    
12.   TYPE OF REPORTING PERSON (see instructions)

FI		    
 
         
CUSIP No. 675746606   13G   Page 4 of 10 Pages
         
1.   NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

CONDAGUA, LLC
47-3021161		    
2.   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(see instructions)
(a)    x
(b)    o		    
3.   SEC USE ONLY
 		    
4.   CITIZENSHIP OR PLACE OF ORGANIZATION
 
DELAWARE, USA		    
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH   5.   SOLE VOTING POWER
 
0
  6.  

SHARED VOTING POWER

342,124

  7.   SOLE DISPOSITIVE POWER
 
0
  8.   SHARED DISPOSITIVE POWER
 
342,124
9.  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

342,124 shares

    
10.   CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
(see instructions)    o		    
11.   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

4.5%		    
12.   TYPE OF REPORTING PERSON (see instructions)

OO		    
 
         
CUSIP No. 675746606   13G   Page 5 of 10 Pages
         
1.   NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

JOHN B. HELMERS		    
2.   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(see instructions)
(a)    x
(b)    o		    
3.   SEC USE ONLY
 		    
4.   CITIZENSHIP OR PLACE OF ORGANIZATION
 
USA		    
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH   5.   SOLE VOTING POWER
 
0
  6.  

SHARED VOTING POWER

652,088

  7.   SOLE DISPOSITIVE POWER
 
0
  8.   SHARED DISPOSITIVE POWER
 
652,088
9.  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

652,088 shares

    
10.   CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
(see instructions)    o		    
11.   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

8.6%		    
12.   TYPE OF REPORTING PERSON (see instructions)

IN		    
 
         
CUSIP No. 675746606   13G   Page 6 of 10 Pages
         
1.   NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

A. GLENN HELMERS		    
2.   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(see instructions)
(a)    x
(b)    o		    
3.   SEC USE ONLY
 		    
4.   CITIZENSHIP OR PLACE OF ORGANIZATION
 
USA		    
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH   5.   SOLE VOTING POWER
 
0
  6.  

SHARED VOTING POWER

342,124

  7.   SOLE DISPOSITIVE POWER
 
0
  8.   SHARED DISPOSITIVE POWER
 
342,124
9.  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

342,124 shares

    
10.   CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
(see instructions)    o		    
11.   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

4.5%		    
12.   TYPE OF REPORTING PERSON (see instructions)

IN		    
 
         
CUSIP No. 675746606   13G   Page 7 of 10 Pages
         

Item 1.

 

  (a) Name of Issuer
OCWEN FINANCIAL CORPORATION.
     
  (b)

Address of Issuer’s Principal Executive Offices
1661 Worthington Road
Suite 100
West Palm Beach, FL 33409
United States

     

Item 2.

 

  (a)

Name of Person Filing
LONG FOCUS CAPITAL MANAGEMENT, LLC

LONG FOCUS CAPITAL MASTER, LTD.

CONDAGUA, LLC
JOHN B. HELMERS
A. GLENN HELMERS

     
  (b)

Address of the Principal Office or, if none, residence
207 CALLE DEL PARQUE

A&M TOWER, 8TH FLOOR

SAN JUAN, PR 00912

     
  (c) Citizenship
Long Focus Capital Management, LLC, a Delaware single member limited liability company;
Long Focus Capital Master, LTD., a Cayman Islands limited company;
Condagua, LLC, a Delaware single member limited liability company;
John B. Helmers, a United States citizen; and
A. Glenn Helmers, a United States citizen.
     
  (d) Title of Class of Securities
COMMON STOCK
     
  (e) CUSIP Number
675746606
 
         
CUSIP No. 675746606   13G   Page 8 of 10 Pages
         

Item 3.  If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:

 

  (a) o Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o).
       
  (b) o Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).
       
  (c) o Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c).
       
  (d) o Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8).
       
  (e) x An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E);
       
  (f) o An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F);
       
  (g) o A parent holding company or control person in accordance with §240.13d-1(b)(1)(ii)(G);
       
  (h) o A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
       
  (i) o A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
       
  (j) o Group, in accordance with §240.13d-1(b)(1)(ii)(J).
       

Item 4.  Ownership.

Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.

         
  (a)  

Long Focus Capital Master, Ltd. is the beneficial owner of record of 309,964 shares of Common Stock covered by this statement. Condagua, LLC is the beneficial owner of record of 342,124 shares of Common Stock. Long Focus Capital Management, LLC (“LFCM”) and John B. Helmers may be deemed to beneficially own the 309,964 shares of Common Stock held by the Long Focus Capital Master, Ltd. and the 342,124 shares of Common Stock held by Condagua, LLC as the SEC registered investment adviser and the principal of LFCM, respectively. A. Glenn Helmers is the beneficial owner of the 342,124 shares of Common Stock held by Condagua, LLC.

         
  (b)   Percent of class owned:
Condagua, LLC; A. Glenn Helmers: 4.5%
Long Focus Capital Master, Ltd.: 4.1%
Long Focus Capital Management, LLC; John B. Helmers: 8.6%
         
  (c)  

Long Focus Capital Management, LLC and John B. Helmers may direct the vote and disposition of the 309,964 shares of Common
Stock held by Long Focus Capital Master, Ltd.
Long Focus Capital Management, LLC, John B. Helmers, and A.Glenn Helmers may direct the vote and disposition of the 342,124
shares of Common Stock held by Condagua, LLC.

 

Instruction. For computations regarding securities which represent a right to acquire an underlying security see §240.13d-3(d)(1).

 
         
CUSIP No. 675746606   13G   Page 9 of 10 Pages
         

Item 5.  Ownership of Five Percent or Less of a Class.

If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following     o.

NOT APPLICABLE

Instruction. Dissolution of a group requires a response to this item.

 

Item 6.  Ownership of More than Five Percent on Behalf of Another Person.

NOT APPLICABLE

Item 7.  Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company.

NOT APPLICABLE

Item 8.  Identification and Classification of Members of the Group.

NOT APPLICABLE

Item 9.  Notice of Dissolution of Group.

NOT APPLICABLE

Item 10.  Certification.

       
  (a)   The following certification shall be included if the statement is filed pursuant to §240.13d-1(b):
         
      By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.  
         
  (b)   The following certification shall be included if the statement is filed pursuant to §240.13d-1(c):
         
      By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.  
 
         
CUSIP No. 675746606   13G   Page 10 of 10 Pages
         

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

 

Date: February 14, 2023

 

  LONG FOCUS CAPITAL MANAGEMENT, LLC
   
  /s/ John B. Helmers
  John B. Helmers/Managing Member
   
  LONG FOCUS CAPITAL MASTER, LTD.
  BY: LONG FOCUS CAPITAL MANAGEMENT, LLC ITS: INVESTMENT ADVISER
   
  /s/ John B. Helmers
  John B. Helmers/Managing Member
   
  CONDAGUA, LLC
   
  /s/ A. Glenn Helmers
  A. Glenn Helmers/Managing Member
   
  JOHN B. HELMERS
   
  /s/ John B. Helmers
  John B. Helmers
   
  A. GLENN HELMERS
   
  /s/ A. Glenn Helmers
  A. Glenn Helmers