OppFi (NYSE:OPFI) Research Coverage Started at Stephens

Stephens began coverage on shares of OppFi (NYSE:OPFI) in a research report sent to investors on Thursday morning, MarketBeat.com reports. The firm issued an equal weight rating and a $14.50 target price on the stock.

Several other analysts also recently weighed in on the company. JMP Securities upgraded OppFi from a “market perform” rating to a “market outperform” rating and set a $13.50 price target on the stock in a research note on Thursday, May 8th. Northland Securities set a $13.00 target price on OppFi in a report on Thursday, March 6th. Finally, Citizens Jmp upgraded OppFi from a “market perform” rating to an “outperform” rating and set a $13.50 price target for the company in a report on Thursday, May 8th.

OppFi Stock Down 3.0%

OPFI opened at $12.19 on Thursday. OppFi has a 52 week low of $3.09 and a 52 week high of $17.73. The stock has a market cap of $1.06 billion, a PE ratio of 76.16 and a beta of 1.73. The business has a 50 day moving average of $10.91 and a 200-day moving average of $10.31.

OppFi (NYSE:OPFI) last posted its quarterly earnings data on Wednesday, May 7th. The company reported $0.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.26 by $0.12. OppFi had a return on equity of 35.04% and a net margin of 1.40%. The business had revenue of $140.27 million during the quarter, compared to the consensus estimate of $137.71 million. Equities analysts anticipate that OppFi will post 0.86 EPS for the current year.

OppFi Dividend Announcement

The company also recently declared a special dividend, which was paid on Friday, April 18th. Investors of record on Tuesday, April 8th were given a dividend of $0.25 per share. The ex-dividend date was Tuesday, April 8th.

Insider Buying and Selling

In related news, CFO Pamela D. Johnson sold 35,890 shares of OppFi stock in a transaction dated Wednesday, June 11th. The stock was sold at an average price of $13.97, for a total value of $501,383.30. Following the completion of the sale, the chief financial officer now directly owns 173,018 shares in the company, valued at approximately $2,417,061.46. This trade represents a 17.18% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Christopher J. Mckay sold 10,377 shares of the business’s stock in a transaction dated Thursday, April 3rd. The stock was sold at an average price of $9.00, for a total value of $93,393.00. Following the completion of the transaction, the insider now directly owns 248,175 shares of the company’s stock, valued at approximately $2,233,575. This trade represents a 4.01% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,349,784 shares of company stock worth $13,918,023 in the last three months. Insiders own 72.00% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in OPFI. Rhumbline Advisers grew its position in OppFi by 23.3% in the 1st quarter. Rhumbline Advisers now owns 19,362 shares of the company’s stock worth $180,000 after purchasing an additional 3,662 shares during the period. Everstar Asset Management LLC bought a new stake in shares of OppFi in the first quarter worth $202,000. Goldman Sachs Group Inc. grew its holdings in shares of OppFi by 191.3% in the first quarter. Goldman Sachs Group Inc. now owns 189,961 shares of the company’s stock worth $1,767,000 after acquiring an additional 124,744 shares during the period. Bosun Asset Management LLC purchased a new stake in OppFi during the first quarter valued at $509,000. Finally, Quarry LP bought a new position in OppFi in the first quarter valued at about $27,000. Institutional investors own 7.10% of the company’s stock.

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.