Insider Selling: OppFi Inc. (NYSE:OPFI) Director Sells 43,238 Shares of Stock

OppFi Inc. (NYSE:OPFI) Director David Vennettilli sold 43,238 shares of the company’s stock in a transaction on Friday, March 7th. The stock was sold at an average price of $9.45, for a total value of $408,599.10. Following the completion of the sale, the director now directly owns 90,762 shares in the company, valued at approximately $857,700.90. The trade was a 32.27 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

David Vennettilli also recently made the following trade(s):

• On Tuesday, March 11th, David Vennettilli sold 30,762 shares of OppFi stock. The stock was sold at an average price of $9.09, for a total value of $279,626.58.

OppFi Trading Down 5.1 %

OppFi stock opened at $8.88 on Friday. The business’s fifty day simple moving average is $11.50 and its two-hundred day simple moving average is $7.82. OppFi Inc. has a 12 month low of $2.35 and a 12 month high of $17.73. The company has a market capitalization of $765.15 million, a price-to-earnings ratio of 55.47 and a beta of 1.63.

OppFi (NYSE:OPFI) last released its earnings results on Wednesday, March 5th. The company reported $0.23 EPS for the quarter, topping the consensus estimate of $0.14 by $0.09. The business had revenue of $135.72 million for the quarter, compared to the consensus estimate of $133.50 million. OppFi had a return on equity of 35.04% and a net margin of 1.40%. During the same period in the previous year, the company posted $0.10 earnings per share. On average, equities research analysts predict that OppFi Inc. will post 0.86 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of OPFI. Segall Bryant & Hamill LLC bought a new position in shares of OppFi during the third quarter valued at $2,457,000. Marshall Wace LLP increased its position in OppFi by 249.2% in the fourth quarter. Marshall Wace LLP now owns 617,366 shares of the company’s stock worth $4,729,000 after buying an additional 440,582 shares in the last quarter. Renaissance Technologies LLC increased its position in OppFi by 52.6% in the fourth quarter. Renaissance Technologies LLC now owns 826,115 shares of the company’s stock worth $6,328,000 after buying an additional 284,900 shares in the last quarter. Tudor Investment Corp ET AL increased its position in OppFi by 310.7% in the fourth quarter. Tudor Investment Corp ET AL now owns 276,331 shares of the company’s stock worth $2,117,000 after buying an additional 209,045 shares in the last quarter. Finally, Bank of America Corp DE grew its position in shares of OppFi by 1,745.7% during the fourth quarter. Bank of America Corp DE now owns 206,317 shares of the company’s stock worth $1,580,000 after purchasing an additional 195,139 shares in the last quarter. 7.10% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently weighed in on OPFI shares. JMP Securities cut OppFi from an “outperform” rating to a “market perform” rating in a research note on Wednesday, February 12th. Northland Securities set a $13.00 price target on OppFi in a research note on Thursday, March 6th. Finally, Citizens Jmp cut OppFi from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 12th.

OppFi Company Profile

OppFi Inc operates a cialty finance platform that allows banks to offer credit access. Its platform facilitates the OppLoans, an installment loan product; SalaryTap, a payroll deduction secured installment loan product; and OppFi Card, a credit card product. OppFi Inc was founded in 2012 and is headquartered in Chicago, Illinois.