ONITY GROUP INC. — Major Shareholding Notification 2023

Feb 14, 2023

SC 13G/A 1 ocwen_13ga1.htm SC 13G/A Field: Rule-Page

Field: /Rule-Page

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

Field: Rule-Page

Field: /Rule-Page

(Name of Issuer)

Common Stock

Field: Rule-Page

Field: /Rule-Page

(Title of Class of Securities)

675746606

Field: Rule-Page

Field: /Rule-Page

(CUSIP Number)

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

Field: Rule-Page

Field: /Rule-Page

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

December 31, 2022

Field: Rule-Page

Field: /Rule-Page

(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).

Field: Rule-Page

Field: /Rule-Page Field: Page; Sequence: 1

Field: /Page

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 | 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 |

Field: Page; Sequence: 2

Field: /Page

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 | 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 |

Field: Page; Sequence: 3

Field: /Page

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 | 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 |

Field: Page; Sequence: 4

Field: /Page

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 | 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 |

Field: Page; Sequence: 5

Field: /Page

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 | 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 |

Field: Page; Sequence: 6

Field: /Page

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 |

Field: Page; Sequence: 7

Field: /Page

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).

Field: Page; Sequence: 8

Field: /Page

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. |

Field: Page; Sequence: 9

Field: /Page

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