OppFi Inc. (NYSE:OPFI) Director Sells $728,227.06 in Stock

OppFi Inc. (NYSE:OPFI) Director Theodore G. Schwartz sold 79,762 shares of the company’s stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $9.13, for a total transaction of $728,227.06. Following the completion of the sale, the director now directly owns 186,737 shares in the company, valued at $1,704,908.81. This represents a 29.93 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

OppFi Stock Performance

Shares of NYSE OPFI opened at $9.95 on Friday. The firm’s 50 day moving average price is $11.67 and its 200-day moving average price is $8.00. OppFi Inc. has a 52-week low of $2.35 and a 52-week high of $17.73. The company has a market cap of $857.40 million, a PE ratio of 62.16 and a beta of 1.63.

OppFi (NYSE:OPFI) last issued its 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. OppFi had a return on equity of 35.04% and a net margin of 1.40%. The business had revenue of $135.72 million for the quarter, compared to the consensus estimate of $133.50 million. During the same period last year, the business posted $0.10 EPS. On average, analysts forecast that OppFi Inc. will post 0.86 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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

Institutional Investors Weigh In On OppFi

Large investors have recently bought and sold shares of the business. Ancora Advisors LLC bought a new position in OppFi during the 4th quarter valued at about $65,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of OppFi by 8.7% during the fourth 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 during the last quarter. Mariner LLC bought a new position in OppFi during the fourth quarter valued at approximately $93,000. Quadrature Capital Ltd purchased a new stake in OppFi in the third quarter worth approximately $60,000. Finally, MetLife Investment Management LLC bought a new stake in OppFi in the 4th quarter worth approximately $98,000. 7.10% of the stock is currently owned by institutional investors.

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.