Theodore G. Schwartz Sells 165,174 Shares of OppFi Inc. (NYSE:OPFI) Stock

OppFi Inc. (NYSE:OPFI) Director Theodore G. Schwartz sold 165,174 shares of the business’s stock in a transaction on Monday, March 24th. The stock was sold at an average price of $10.58, for a total transaction of $1,747,540.92. Following the completion of the transaction, the director now owns 186,737 shares in the company, valued at $1,975,677.46. This represents a 46.94 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

OppFi Stock Performance

Shares of OppFi stock opened at $9.51 on Friday. OppFi Inc. has a 1 year low of $2.38 and a 1 year high of $17.73. The firm’s 50-day simple moving average is $11.59 and its 200-day simple moving average is $8.23. The firm has a market cap of $821.28 million, a PE ratio of 59.41 and a beta of 1.63.

OppFi (NYSE:OPFI) last released its earnings results on Wednesday, March 5th. The company reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.09. The company had revenue of $135.72 million for 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 quarter last year, the business posted $0.10 EPS. On average, equities analysts predict that OppFi Inc. will post 0.86 earnings per share for the current year.

OppFi Dividend Announcement

The firm 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 dividend of $0.25 per share. The ex-dividend date is Tuesday, April 8th.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on OPFI. Citizens Jmp lowered OppFi from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 12th. Northland Securities set a $13.00 price objective on OppFi in a report on Thursday, March 6th. Finally, JMP Securities cut OppFi from an “outperform” rating to a “market perform” rating in a research note on Wednesday, February 12th.

Institutional Trading of OppFi

Institutional investors and hedge funds have recently modified their holdings of the business. Mackenzie Financial Corp acquired a new stake in OppFi during the fourth quarter worth about $131,000. Wolverine Trading LLC acquired a new stake in shares of OppFi during the 4th quarter worth approximately $630,000. Squarepoint Ops LLC bought a new stake in shares of OppFi in the 4th quarter worth approximately $218,000. Two Sigma Advisers LP boosted its position in OppFi by 27.9% during the 4th quarter. Two Sigma Advisers LP now owns 429,100 shares of the company’s stock valued at $3,287,000 after purchasing an additional 93,700 shares during the period. Finally, Two Sigma Investments LP boosted its position in OppFi by 19.8% during the 4th quarter. Two Sigma Investments LP now owns 447,260 shares of the company’s stock valued at $3,426,000 after purchasing an additional 73,905 shares during the period. 7.10% of the stock is owned by institutional investors and hedge funds.

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.