OppFi Inc. (NYSE:OPFI) Director Sells $504,556.61 in Stock

OppFi Inc. (NYSE:OPFI) Director Theodore G. Schwartz sold 61,307 shares of OppFi stock in a transaction dated Friday, April 11th. The shares were sold at an average price of $8.23, for a total transaction of $504,556.61. Following the transaction, the director now directly owns 186,737 shares of the company’s stock, valued at $1,536,845.51. This represents a 24.72 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

OppFi Trading Up 2.3 %

Shares of OppFi stock traded up $0.19 during midday trading on Tuesday, reaching $8.46. The company had a trading volume of 469,223 shares, compared to its average volume of 773,181. The stock has a fifty day simple moving average of $10.40 and a 200 day simple moving average of $8.64. OppFi Inc. has a 1-year low of $2.56 and a 1-year high of $17.73. The company has a market capitalization of $731.16 million, a price-to-earnings ratio of 52.89 and a beta of 1.61.

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

OppFi Announces Dividend

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

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in OPFI. Jane Street Group LLC raised its stake 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 buying an additional 5,795 shares during the last quarter. XTX Topco Ltd acquired a new stake in OppFi during the 3rd quarter worth $136,000. Barclays PLC raised its position in shares of OppFi by 95.9% during the 3rd quarter. Barclays PLC now owns 42,141 shares of the company’s stock valued at $199,000 after acquiring an additional 20,630 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of OppFi by 4.7% in the 3rd quarter. Geode Capital Management LLC now owns 401,122 shares of the company’s stock valued at $1,897,000 after purchasing an additional 18,149 shares during the period. Finally, JPMorgan Chase & Co. boosted its position in shares of OppFi by 271.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 36,585 shares of the company’s stock worth $173,000 after purchasing an additional 26,742 shares during the last quarter. 7.10% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

OPFI has been the subject of a number of research analyst reports. JMP Securities cut shares of 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 objective on OppFi in a research note on Thursday, March 6th. Finally, Citizens Jmp lowered 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.