Insider Selling: OppFi Inc. (NYSE:OPFI) Director Sells 165,174 Shares of Stock

OppFi Inc. (NYSE:OPFI) Director Theodore G. Schwartz sold 165,174 shares of the company’s stock in a transaction on Monday, March 24th. The shares were sold at an average price of $10.58, for a total value of $1,747,540.92. Following the completion of the transaction, the director now directly owns 186,737 shares in the company, valued at approximately $1,975,677.46. This represents a 46.94 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

OppFi Price Performance

Shares of NYSE OPFI opened at $9.33 on Friday. The business has a fifty day moving average price of $11.63 and a two-hundred day moving average price of $8.19. The stock has a market capitalization of $805.73 million, a PE ratio of 58.28 and a beta of 1.63. OppFi Inc. has a fifty-two week low of $2.38 and a fifty-two week high of $17.73.

OppFi (NYSE:OPFI) last issued its quarterly earnings results on Wednesday, March 5th. The company reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.09. OppFi had a return on equity of 35.04% and a net margin of 1.40%. The company had revenue of $135.72 million for the quarter, compared to analysts’ expectations of $133.50 million. During the same quarter last year, the business earned $0.10 earnings per share. On average, equities analysts expect that OppFi Inc. will post 0.86 EPS for the current year.

OppFi Dividend Announcement

The company also recently announced a special dividend, which will be paid on Friday, April 18th. Stockholders of record on Tuesday, April 8th will be given a $0.25 dividend. The ex-dividend date is Tuesday, April 8th.

Analyst Ratings Changes

A number of brokerages have recently issued reports on OPFI. Northland Securities set a $13.00 target price on shares of OppFi in a research report on Thursday, March 6th. JMP Securities downgraded shares of OppFi from an “outperform” rating to a “market perform” rating in a report on Wednesday, February 12th. Finally, Citizens Jmp lowered shares of OppFi from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 12th.

Institutional Trading of OppFi

A number of institutional investors and hedge funds have recently made changes to their positions in OPFI. NewEdge Advisors LLC increased its stake in OppFi by 4.7% in the fourth quarter. NewEdge Advisors LLC now owns 18,328 shares of the company’s stock valued at $140,000 after acquiring an additional 831 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of OppFi by 8.7% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,801 shares of the company’s stock valued at $83,000 after purchasing an additional 866 shares in the last quarter. Barclays PLC increased its stake in shares of OppFi by 5.6% in the 4th quarter. Barclays PLC now owns 44,521 shares of the company’s stock valued at $341,000 after purchasing an additional 2,380 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of OppFi by 8.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 54,359 shares of the company’s stock worth $416,000 after buying an additional 4,398 shares in the last quarter. Finally, Jane Street Group LLC lifted its position in shares of OppFi by 28.9% during the 3rd 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. Institutional investors own 7.10% of the company’s stock.

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.