OppFi Inc. (NYSE:OPFI) Director Sells $289,660.89 in Stock

OppFi Inc. (NYSE:OPFI) Director Theodore G. Schwartz sold 34,941 shares of the firm’s stock in a transaction on Wednesday, April 16th. The shares were sold at an average price of $8.29, for a total transaction of $289,660.89. Following the completion of the sale, the director now owns 186,737 shares in the company, valued at $1,548,049.73. The trade was a 15.76 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

OppFi Stock Performance

OppFi stock opened at $8.29 on Friday. The company has a market capitalization of $715.95 million, a P/E ratio of 51.79 and a beta of 1.61. OppFi Inc. has a fifty-two week low of $2.56 and a fifty-two week high of $17.73. The stock has a 50-day simple moving average of $9.80 and a 200-day simple moving average of $8.71.

OppFi (NYSE:OPFI) last posted its quarterly earnings data on Wednesday, March 5th. The company reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.09. The business had revenue of $135.72 million during the quarter, compared to the consensus estimate 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 prior year, the company earned $0.10 earnings per share. As a group, analysts forecast that OppFi Inc. will post 0.86 earnings per share for the current year.

OppFi Announces Dividend

The firm also recently announced a special dividend, which was paid on Friday, April 18th. Stockholders of record on Tuesday, April 8th were issued a $0.25 dividend. The ex-dividend date of this dividend was Tuesday, April 8th.

Institutional Investors Weigh In On OppFi

Hedge funds have recently made changes to their positions in the business. Jane Street Group LLC raised its stake in OppFi by 28.9% during the 3rd quarter. Jane Street Group LLC now owns 25,842 shares of the company’s stock valued at $122,000 after acquiring an additional 5,795 shares during the last quarter. XTX Topco Ltd acquired a new position in shares of OppFi in the third quarter valued at approximately $136,000. Barclays PLC increased its holdings in shares of OppFi by 95.9% in the third quarter. Barclays PLC now owns 42,141 shares of the company’s stock valued at $199,000 after purchasing an additional 20,630 shares during the period. Geode Capital Management LLC raised its stake in shares of OppFi by 4.7% during the third quarter. Geode Capital Management LLC now owns 401,122 shares of the company’s stock worth $1,897,000 after purchasing an additional 18,149 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in shares of OppFi by 271.7% during the third quarter. JPMorgan Chase & Co. now owns 36,585 shares of the company’s stock worth $173,000 after purchasing an additional 26,742 shares during the period. Institutional investors and hedge funds own 7.10% of the company’s stock.

Analysts Set New Price Targets

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

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.