Insider Selling: OppFi Inc. (NYSE:OPFI) Director Sells 49,799 Shares of Stock

OppFi Inc. (NYSE:OPFI) Director Theodore G. Schwartz sold 49,799 shares of OppFi stock in a transaction on Monday, April 14th. The shares were sold at an average price of $8.39, for a total transaction of $417,813.61. Following the completion of the sale, the director now owns 186,737 shares in the company, valued at approximately $1,566,723.43. This trade represents a 21.05 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

OppFi Price Performance

Shares of NYSE OPFI opened at $8.36 on Thursday. The company has a market cap of $722.35 million, a P/E ratio of 52.25 and a beta of 1.61. The firm has a 50-day simple moving average of $10.07 and a two-hundred day simple moving average of $8.63. OppFi Inc. has a 1 year low of $2.56 and a 1 year high of $17.73.

OppFi (NYSE:OPFI) last posted its quarterly earnings data on Wednesday, March 5th. The company reported $0.23 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $133.50 million. During the same quarter in the previous year, the business earned $0.10 EPS. As a group, equities research analysts expect that OppFi Inc. will post 0.86 EPS for the current year.

OppFi Dividend Announcement

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

Analyst Upgrades and Downgrades

OPFI has been the topic of a number of recent research reports. JMP Securities cut OppFi from an “outperform” rating to a “market perform” rating in a research note on Wednesday, February 12th. Northland Securities set a $13.00 price objective on shares of OppFi in a research note on Thursday, March 6th. Finally, Citizens Jmp cut 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 large investors have recently modified their holdings of the company. NorthCrest Asset Manangement LLC bought a new stake in OppFi during the 1st quarter valued at $208,000. Rhumbline Advisers lifted 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 worth $180,000 after purchasing an additional 3,662 shares during the period. GAMMA Investing LLC increased its holdings in OppFi by 2,488.9% during the first quarter. GAMMA Investing LLC now owns 5,152 shares of the company’s stock valued at $48,000 after buying an additional 4,953 shares during the period. Mackenzie Financial Corp bought a new position in OppFi in the fourth quarter worth approximately $131,000. Finally, Wolverine Trading LLC purchased a new stake in OppFi during the fourth quarter worth $630,000. Hedge funds and other institutional investors own 7.10% of the company’s stock.

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.