Insider Selling: OppFi Inc. (NYSE:OPFI) Director Sells 121,812 Shares of Stock

OppFi Inc. (NYSE:OPFI) Director Theodore G. Schwartz sold 121,812 shares of the firm’s stock in a transaction dated Friday, July 11th. The stock was sold at an average price of $12.70, for a total value of $1,547,012.40. Following the sale, the director directly owned 199,644 shares in the company, valued at approximately $2,535,478.80. This represents a 37.89% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

OppFi Trading Down 4.1%

Shares of NYSE OPFI opened at $11.47 on Wednesday. The stock has a 50 day moving average of $12.88 and a 200-day moving average of $11.21. The company has a market capitalization of $996.06 million, a P/E ratio of -31.01 and a beta of 1.73. OppFi Inc. has a 12 month low of $3.09 and a 12 month high of $17.73.

OppFi (NYSE:OPFI) last released its quarterly earnings results on Wednesday, May 7th. The company reported $0.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.12. The business had revenue of $140.27 million during the quarter, compared to the consensus estimate of $137.71 million. OppFi had a positive return on equity of 48.24% and a negative net margin of 1.79%. Analysts predict that OppFi Inc. will post 0.86 EPS for the current fiscal year.

Hedge Funds Weigh In On OppFi

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Financial Management Professionals Inc. acquired a new position in OppFi in the 2nd quarter valued at $25,000. Brendel Financial Advisors LLC increased its holdings in OppFi by 79.7% in the 2nd quarter. Brendel Financial Advisors LLC now owns 19,640 shares of the company’s stock worth $275,000 after purchasing an additional 8,710 shares in the last quarter. Baader Bank Aktiengesellschaft acquired a new position in OppFi in the 2nd quarter worth about $427,000. Thurston Springer Miller Herd & Titak Inc. increased its holdings in OppFi by 726.7% in the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 17,674 shares of the company’s stock worth $247,000 after purchasing an additional 15,536 shares in the last quarter. Finally, Rhumbline Advisers grew its position in shares of OppFi by 23.3% in the 1st quarter. Rhumbline Advisers now owns 19,362 shares of the company’s stock valued at $180,000 after buying an additional 3,662 shares during the last quarter. 7.10% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have recently commented on OPFI. Stephens assumed coverage on OppFi in a research report on Thursday, June 12th. They set an “equal weight” rating and a $14.50 price target on the stock. JMP Securities raised OppFi from a “market perform” rating to a “market outperform” rating and set a $13.50 price target on the stock in a research report on Thursday, May 8th. Finally, Citizens Jmp raised OppFi from a “market perform” rating to an “outperform” rating and set a $13.50 price target on the stock in a research report on Thursday, May 8th.

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.