Insider Selling: OppFi Inc. (NYSE:OPFI) Director Sells 61,307 Shares of Stock

OppFi Inc. (NYSE:OPFI) Director Theodore G. Schwartz sold 61,307 shares of the stock in a transaction that occurred on Friday, April 11th. The shares were sold at an average price of $8.23, for a total transaction of $504,556.61. Following the completion of the sale, the director now owns 186,737 shares in the company, valued at $1,536,845.51. This represents a 24.72 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

OppFi Stock Up 2.3 %

OPFI traded up $0.19 during trading on Tuesday, hitting $8.46. The company had a trading volume of 469,223 shares, compared to its average volume of 773,181. The company has a market capitalization of $731.16 million, a PE ratio of 52.89 and a beta of 1.61. OppFi Inc. has a one year low of $2.56 and a one year high of $17.73. The firm’s 50-day moving average price is $10.40 and its 200 day moving average price is $8.64.

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

OppFi Announces Dividend

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

Institutional Trading of OppFi

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. JPMorgan Chase & Co. grew its position in OppFi by 271.7% in the third quarter. JPMorgan Chase & Co. now owns 36,585 shares of the company’s stock valued at $173,000 after purchasing an additional 26,742 shares in the last quarter. Barclays PLC boosted its stake in shares of OppFi by 95.9% during the 3rd quarter. Barclays PLC now owns 42,141 shares of the company’s stock worth $199,000 after buying an additional 20,630 shares during the last quarter. Baader Bank Aktiengesellschaft acquired a new position in shares of OppFi during the 4th quarter worth about $195,000. Geode Capital Management LLC grew its holdings in shares of OppFi by 4.7% in the 3rd quarter. Geode Capital Management LLC now owns 401,122 shares of the company’s stock valued at $1,897,000 after acquiring an additional 18,149 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its position in shares of OppFi by 22.4% in the fourth quarter. Bank of New York Mellon Corp now owns 34,156 shares of the company’s stock valued at $262,000 after acquiring an additional 6,242 shares during the last quarter. 7.10% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

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.