OppFi Inc. (NYSE:OPFI) Director Sells $1,186,643.52 in Stock

OppFi Inc. (NYSE:OPFI) Director Theodore G. Schwartz sold 96,948 shares of the firm’s stock in a transaction that occurred on Friday, June 13th. The stock was sold at an average price of $12.24, for a total transaction of $1,186,643.52. Following the sale, the director now directly owns 199,644 shares of the company’s stock, valued at approximately $2,443,642.56. The trade was a 32.69% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

OppFi Price Performance

Shares of OppFi stock opened at $12.29 on Tuesday. The firm has a market cap of $1.07 billion, a P/E ratio of 76.79 and a beta of 1.73. The firm has a 50 day simple moving average of $11.00 and a 200 day simple moving average of $10.35. OppFi Inc. has a fifty-two week low of $3.09 and a fifty-two week high of $17.73.

OppFi (NYSE:OPFI) last issued its quarterly earnings results on Wednesday, May 7th. The company reported $0.38 earnings per share for the quarter, beating analysts’ consensus estimates of $0.26 by $0.12. The business had revenue of $140.27 million during the quarter, compared to analyst estimates of $137.71 million. OppFi had a net margin of 1.40% and a return on equity of 35.04%. On average, sell-side analysts expect that OppFi Inc. will post 0.86 EPS for the current year.

OppFi Dividend Announcement

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

Institutional Trading of OppFi

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Quarry LP bought a new position in OppFi in the first quarter valued at approximately $27,000. Strategic Investment Solutions Inc. IL boosted its stake in OppFi by 65.5% in the first quarter. Strategic Investment Solutions Inc. IL now owns 3,227 shares of the company’s stock valued at $30,000 after acquiring an additional 1,277 shares during the last quarter. GAMMA Investing LLC boosted its stake in OppFi by 2,488.9% in the first quarter. GAMMA Investing LLC now owns 5,152 shares of the company’s stock valued at $48,000 after acquiring an additional 4,953 shares during the last quarter. Ancora Advisors LLC bought a new position in OppFi in the fourth quarter valued at approximately $65,000. Finally, Quantbot Technologies LP boosted its stake in OppFi by 393.4% in the first quarter. Quantbot Technologies LP now owns 7,169 shares of the company’s stock valued at $67,000 after acquiring an additional 5,716 shares during the last quarter. Institutional investors and hedge funds own 7.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on OPFI. Northland Securities set a $13.00 price objective on shares of OppFi in a report on Thursday, March 6th. JMP Securities raised shares of OppFi from a “market perform” rating to a “market outperform” rating and set a $13.50 price objective for the company in a report on Thursday, May 8th. Citizens Jmp raised shares of OppFi from a “market perform” rating to an “outperform” rating and set a $13.50 price objective for the company in a report on Thursday, May 8th. Finally, Stephens began coverage on shares of OppFi in a report on Thursday, June 12th. They set an “equal weight” rating and a $14.50 price objective for the company.

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.