OppFi Inc. (NYSE:OPFI – Get Free Report)’s share price reached a new 52-week high during mid-day trading on Monday . The company traded as high as $5.43 and last traded at $5.27, with a volume of 62011 shares traded. The stock had previously closed at $5.19.
OppFi Trading Up 3.5 %
The company has a market cap of $617.49 million, a price-to-earnings ratio of 91.67 and a beta of 1.23. The stock’s 50-day moving average is $4.59 and its 200-day moving average is $3.77.
OppFi (NYSE:OPFI – Get Free Report) last posted its earnings results on Wednesday, August 7th. The company reported $0.29 earnings per share for the quarter, topping analysts’ consensus estimates of $0.17 by $0.12. The company had revenue of $126.30 million for the quarter, compared to analyst estimates of $121.14 million. OppFi had a net margin of 1.00% and a return on equity of 28.73%. During the same quarter in the prior year, the business posted $0.19 EPS. As a group, analysts predict that OppFi Inc. will post 0.74 EPS for the current year.
Insiders Place Their Bets
Institutional Investors Weigh In On OppFi
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Quadrature Capital Ltd bought a new stake in shares of OppFi during the fourth quarter valued at approximately $89,000. LB Partners LLC increased its stake in shares of OppFi by 184.1% during the first quarter. LB Partners LLC now owns 909,022 shares of the company’s stock valued at $2,273,000 after purchasing an additional 589,022 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of OppFi by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 823,916 shares of the company’s stock worth $2,060,000 after purchasing an additional 5,218 shares in the last quarter. Acadian Asset Management LLC purchased a new stake in shares of OppFi in the 1st quarter worth approximately $51,000. Finally, Heron Bay Capital Management increased its position in OppFi by 18.5% during the 1st quarter. Heron Bay Capital Management now owns 45,788 shares of the company’s stock valued at $114,000 after buying an additional 7,141 shares in the last quarter. 7.10% of the stock is currently owned by institutional investors.
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.
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