Christopher J. Mckay Sells 10,377 Shares of OppFi Inc. (NYSE:OPFI) Stock

OppFi Inc. (NYSE:OPFI) insider Christopher J. Mckay sold 10,377 shares of the business’s stock in a transaction on Monday, April 7th. The shares were sold at an average price of $7.54, for a total value of $78,242.58. Following the completion of the sale, the insider now directly owns 227,421 shares in the company, valued at approximately $1,714,754.34. This represents a 4.36 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

OppFi Price Performance

Shares of OPFI stock traded up $0.71 during trading hours on Wednesday, hitting $8.63. 1,296,515 shares of the company’s stock were exchanged, compared to its average volume of 778,232. The stock’s 50-day moving average is $10.99 and its 200-day moving average is $8.50. The stock has a market cap of $745.24 million, a price-to-earnings ratio of 53.91 and a beta of 1.61. OppFi Inc. has a 52 week low of $2.56 and a 52 week high of $17.73.

OppFi (NYSE:OPFI) last posted its quarterly earnings data on Wednesday, March 5th. The company reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.09. The firm 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 quarter in the prior year, the business earned $0.10 EPS. Equities research analysts forecast that OppFi Inc. will post 0.86 earnings per share for the current fiscal year.

OppFi Dividend Announcement

The firm also recently declared a special dividend, which will be paid on Friday, April 18th. Investors of record on Tuesday, April 8th will be paid a dividend of $0.25 per share. The ex-dividend date is Tuesday, April 8th.

Analyst Upgrades and Downgrades

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

Hedge Funds Weigh In On OppFi

Several large investors have recently bought and sold shares of the business. GAMMA Investing LLC grew its holdings in OppFi by 2,488.9% during the 1st quarter. GAMMA Investing LLC now owns 5,152 shares of the company’s stock worth $48,000 after acquiring an additional 4,953 shares during the period. Quadrature Capital Ltd bought a new stake in OppFi in the third quarter valued at about $60,000. Ancora Advisors LLC acquired a new position in OppFi in the fourth quarter valued at about $65,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings 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 last quarter. Finally, Mariner LLC bought a new position in OppFi during the fourth quarter worth about $93,000. 7.10% of the stock is currently owned by institutional investors and hedge funds.

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.