Theodore G. Schwartz Sells 79,559 Shares of OppFi Inc. (NYSE:OPFI) Stock

OppFi Inc. (NYSE:OPFI) Director Theodore G. Schwartz sold 79,559 shares of the firm’s stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $9.13, for a total transaction of $726,373.67. Following the sale, the director now directly owns 186,737 shares in the company, valued at $1,704,908.81. The trade was a 29.88 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

OppFi Stock Performance

OppFi stock opened at $9.70 on Thursday. The stock has a market capitalization of $835.84 million, a P/E ratio of 60.60 and a beta of 1.63. The company’s fifty day moving average price is $11.63 and its 200 day moving average price is $7.98. OppFi Inc. has a 1 year low of $2.35 and a 1 year high of $17.73.

OppFi (NYSE:OPFI) last announced its earnings results 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 net margin of 1.40% and a return on equity of 35.04%. The business had revenue of $135.72 million for the quarter, compared to analyst estimates of $133.50 million. During the same quarter last year, the business earned $0.10 earnings per share. Sell-side analysts predict that OppFi Inc. will post 0.86 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages recently issued reports on OPFI. JMP Securities downgraded shares of OppFi from an “outperform” rating to a “market perform” rating in a report on Wednesday, February 12th. Citizens Jmp lowered shares of OppFi from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 12th. Finally, Northland Securities set a $13.00 price target on OppFi in a research note on Thursday, March 6th.

Institutional Investors Weigh In On OppFi

Several large investors have recently bought and sold shares of OPFI. NewEdge Advisors LLC grew its stake in OppFi by 4.7% during the 4th quarter. NewEdge Advisors LLC now owns 18,328 shares of the company’s stock valued at $140,000 after acquiring an additional 831 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in OppFi by 8.7% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,801 shares of the company’s stock worth $83,000 after buying an additional 866 shares during the period. Barclays PLC lifted its stake in OppFi by 5.6% in the fourth quarter. Barclays PLC now owns 44,521 shares of the company’s stock valued at $341,000 after buying an additional 2,380 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of OppFi by 8.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 54,359 shares of the company’s stock valued at $416,000 after acquiring an additional 4,398 shares during the period. Finally, Jane Street Group LLC grew its position in shares of OppFi by 28.9% during the third quarter. Jane Street Group LLC now owns 25,842 shares of the company’s stock worth $122,000 after acquiring an additional 5,795 shares during the last quarter. 7.10% of the stock is currently owned by hedge funds and other institutional investors.

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.