OppFi Inc. Announces Special Dividend of $0.25 (NYSE:OPFI)

OppFi Inc. (NYSE:OPFI) declared a special dividend on Tuesday, March 25th, RTT News reports. Investors of record on Tuesday, April 8th will be paid a dividend of 0.25 per share on Friday, April 18th.

OppFi Stock Down 1.7 %

Shares of OppFi stock opened at $10.74 on Wednesday. OppFi has a 12-month low of $2.35 and a 12-month high of $17.73. The stock has a 50 day moving average price of $11.70 and a two-hundred day moving average price of $8.17. The stock has a market capitalization of $927.99 million, a P/E ratio of 67.13 and a beta of 1.63.

OppFi (NYSE:OPFI) last released its earnings results on Wednesday, March 5th. The company reported $0.23 earnings per share for the quarter, topping analysts’ consensus estimates of $0.14 by $0.09. The firm had revenue of $135.72 million during the quarter, compared to analyst estimates of $133.50 million. OppFi had a net margin of 1.40% and a return on equity of 35.04%. During the same quarter in the previous year, the business earned $0.10 EPS. Sell-side analysts anticipate that OppFi will post 0.86 earnings per share for the current year.

Wall Street Analyst Weigh In

OPFI has been the topic of a number of research analyst reports. Citizens Jmp downgraded OppFi from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 12th. JMP Securities lowered OppFi from an “outperform” rating to a “market perform” rating in a research note on Wednesday, February 12th. Finally, Northland Securities set a $13.00 price objective on OppFi in a research report on Thursday, March 6th.

Insider Activity

In other news, Director David Vennettilli sold 30,762 shares of the stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $9.09, for a total value of $279,626.58. Following the completion of the transaction, the director now directly owns 90,762 shares of the company’s stock, valued at approximately $825,026.58. This represents a 25.31 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Theodore G. Schwartz sold 79,762 shares of the business’s stock in a transaction on 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 in the company, valued at approximately $1,704,908.81. This represents a 29.93 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 397,691 shares of company stock worth $3,717,610. 84.00% of the stock is currently owned by corporate insiders.

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.