OppFi Inc. (NYSE:OPFI) Director Sells $728,227.06 in Stock

OppFi Inc. (NYSE:OPFI) Director Theodore G. Schwartz sold 79,762 shares of the company’s stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $9.13, for a total value of $728,227.06. Following the completion of the sale, the director now directly owns 186,737 shares of the company’s stock, valued at approximately $1,704,908.81. This trade represents a 29.93 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

OppFi Stock Down 1.0 %

Shares of OPFI traded down $0.10 on Tuesday, hitting $9.16. The company’s stock had a trading volume of 678,543 shares, compared to its average volume of 713,491. The firm’s fifty day moving average price is $11.60 and its 200-day moving average price is $7.97. OppFi Inc. has a fifty-two week low of $2.35 and a fifty-two week high of $17.73. The firm has a market capitalization of $789.29 million, a price-to-earnings ratio of 57.22 and a beta of 1.63.

OppFi (NYSE:OPFI) last issued its quarterly earnings data on Wednesday, March 5th. The company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.09. OppFi had a return on equity of 35.04% and a net margin of 1.40%. The business had revenue of $135.72 million during the quarter, compared to analyst estimates of $133.50 million. During the same period in the previous year, the firm earned $0.10 EPS. As a group, equities analysts predict that OppFi Inc. will post 0.86 earnings per share for the current fiscal year.

Hedge Funds Weigh In On OppFi

Several institutional investors and hedge funds have recently modified their holdings of the business. Quadrature Capital Ltd acquired a new position in OppFi during the 3rd quarter worth approximately $60,000. Ancora Advisors LLC acquired a new position in OppFi during the 4th quarter worth approximately $65,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in OppFi by 8.7% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,801 shares of the company’s stock worth $83,000 after acquiring an additional 866 shares during the last quarter. Mariner LLC acquired a new position in OppFi during the 4th quarter worth approximately $93,000. Finally, MetLife Investment Management LLC acquired a new position in OppFi during the 4th quarter worth approximately $98,000. 7.10% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on OPFI. 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.

About OppFi

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.