OppFi (NYSE:OPFI) Reaches New 1-Year High – What’s Next?

OppFi Inc. (NYSE:OPFI)’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) 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

In other news, Director David Vennettilli sold 38,886 shares of the stock in a transaction on Friday, August 9th. The shares were sold at an average price of $4.34, for a total value of $168,765.24. Following the transaction, the director now owns 94,497 shares of the company’s stock, valued at $410,116.98. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 84.00% of the company’s stock.

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.