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 business’s stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $9.13, for a total value of $728,227.06. Following the transaction, the director now owns 186,737 shares of the company’s stock, valued at $1,704,908.81. This trade represents a 29.93 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

OppFi Stock Down 1.0 %

Shares of NYSE OPFI opened at $9.16 on Wednesday. OppFi Inc. has a twelve month low of $2.35 and a twelve month high of $17.73. The business has a fifty day simple moving average of $11.60 and a two-hundred day simple moving average of $7.97. The firm has a market cap of $789.29 million, a PE ratio of 57.22 and a beta of 1.63.

OppFi (NYSE:OPFI) last released its quarterly earnings data on Wednesday, March 5th. The company reported $0.23 earnings per share 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 firm had revenue of $135.72 million during the quarter, compared to the consensus estimate of $133.50 million. During the same period in the previous year, the company posted $0.10 earnings per share. On average, research analysts expect that OppFi Inc. will post 0.86 earnings per share for the current year.

Analyst Upgrades and Downgrades

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

Hedge Funds Weigh In On OppFi

A number of hedge funds and other institutional investors have recently modified their holdings of OPFI. Renaissance Technologies LLC raised its stake in OppFi by 52.6% in the fourth quarter. Renaissance Technologies LLC now owns 826,115 shares of the company’s stock worth $6,328,000 after buying an additional 284,900 shares in the last quarter. Marshall Wace LLP lifted its stake in shares of OppFi by 249.2% during the 4th quarter. Marshall Wace LLP now owns 617,366 shares of the company’s stock worth $4,729,000 after purchasing an additional 440,582 shares during the last quarter. Segall Bryant & Hamill LLC bought a new stake in OppFi during the third quarter valued at about $2,457,000. Two Sigma Investments LP grew its stake in OppFi by 19.8% in the fourth 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 last quarter. Finally, Two Sigma Advisers LP raised its holdings in OppFi by 27.9% in the fourth quarter. Two Sigma Advisers LP now owns 429,100 shares of the company’s stock worth $3,287,000 after purchasing an additional 93,700 shares in the last quarter. 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.