OppFi Inc. (OPFI) To Go Ex-Dividend on April 8th

OppFi Inc. (NYSE:OPFI) declared a special dividend on Tuesday, March 25th, RTT News reports. Shareholders of record on Tuesday, April 8th will be given a dividend of 0.25 per share on Friday, April 18th. The ex-dividend date of this dividend is Tuesday, April 8th.

OppFi Stock Performance

OPFI stock opened at $9.98 on Thursday. The firm has a 50 day simple moving average of $11.66 and a 200 day simple moving average of $8.19. OppFi has a 52 week low of $2.38 and a 52 week high of $17.73. The stock has a market cap of $861.89 million, a P/E ratio of 62.35 and a beta of 1.63.

OppFi (NYSE:OPFI) last posted its quarterly earnings results on Wednesday, March 5th. The company reported $0.23 EPS for the quarter, beating the consensus estimate of $0.14 by $0.09. The business had revenue of $135.72 million for the quarter, compared to analysts’ expectations of $133.50 million. OppFi had a net margin of 1.40% and a return on equity of 35.04%. During the same period in the previous year, the company posted $0.10 EPS. Sell-side analysts predict that OppFi will post 0.86 EPS for the current year.

Wall Street Analysts Forecast Growth

OPFI has been the subject of several recent research reports. Northland Securities set a $13.00 price target on OppFi in a research note on Thursday, March 6th. JMP Securities lowered shares of OppFi from an “outperform” rating to a “market perform” rating in a research note on Wednesday, February 12th. Finally, Citizens Jmp lowered shares of OppFi from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 12th.

Insider Buying and Selling

In other OppFi news, Director Theodore G. Schwartz sold 165,174 shares of the business’s stock in a transaction on Monday, March 24th. The shares were sold at an average price of $10.58, for a total transaction of $1,747,540.92. Following the completion of the transaction, the director now owns 186,737 shares of the company’s stock, valued at $1,975,677.46. The trade was a 46.94 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director David Vennettilli sold 30,762 shares of the company’s stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $9.09, for a total transaction of $279,626.58. Following the sale, the director now owns 90,762 shares of the company’s stock, valued at $825,026.58. This trade represents a 25.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 562,865 shares of company stock worth $5,465,151. 84.00% of the stock is currently owned by insiders.

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.