Insider Selling: OppFi Inc. (NYSE:OPFI) Director Sells 124,788 Shares of Stock

OppFi Inc. (NYSE:OPFI) Director Theodore G. Schwartz sold 124,788 shares of the business’s stock in a transaction dated Thursday, March 27th. The shares were sold at an average price of $9.31, for a total transaction of $1,161,776.28. Following the transaction, the director now directly owns 186,737 shares in the company, valued at approximately $1,738,521.47. The trade was a 40.06 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

OppFi Stock Up 2.0 %

Shares of OPFI stock opened at $9.51 on Friday. The firm has a 50 day moving average of $11.59 and a two-hundred day moving average of $8.23. The stock has a market capitalization of $821.28 million, a PE ratio of 59.41 and a beta of 1.63. OppFi Inc. has a 52 week low of $2.38 and a 52 week high of $17.73.

OppFi (NYSE:OPFI) last released its earnings results 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. The firm had revenue of $135.72 million during 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 last year, the business posted $0.10 earnings per share. Analysts expect that OppFi Inc. will post 0.86 EPS for the current fiscal year.

OppFi Announces Dividend

The company also recently disclosed a special dividend, which will be paid on Friday, April 18th. Stockholders of record on Tuesday, April 8th will be issued a $0.25 dividend. The ex-dividend date is Tuesday, April 8th.

Hedge Funds Weigh In On OppFi

Institutional investors and hedge funds have recently modified their holdings of the company. Quadrature Capital Ltd purchased a new stake in OppFi during the third quarter worth approximately $60,000. Jane Street Group LLC raised its holdings in OppFi by 28.9% during the third quarter. Jane Street Group LLC now owns 25,842 shares of the company’s stock worth $122,000 after purchasing an additional 5,795 shares in the last quarter. XTX Topco Ltd purchased a new stake in shares of OppFi during the 3rd quarter worth approximately $136,000. Barclays PLC boosted its holdings in shares of OppFi by 95.9% in the 3rd quarter. Barclays PLC now owns 42,141 shares of the company’s stock valued at $199,000 after buying an additional 20,630 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in OppFi by 4.7% during the 3rd quarter. Geode Capital Management LLC now owns 401,122 shares of the company’s stock worth $1,897,000 after acquiring an additional 18,149 shares in the last quarter. Institutional investors and hedge funds own 7.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on OPFI shares. Northland Securities set a $13.00 price target on OppFi in a research note on Thursday, March 6th. JMP Securities downgraded shares of OppFi from an “outperform” rating to a “market perform” rating in a report on Wednesday, February 12th. Finally, Citizens Jmp lowered OppFi from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 12th.

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.