OppFi Inc. (NYSE:OPFI) Announces $0.25 Special Dividend

OppFi Inc. (NYSE:OPFI) declared a special dividend on Tuesday, March 25th, RTT News reports. Investors of record on Tuesday, April 8th will be given a dividend of 0.25 per share on Friday, April 18th. The ex-dividend date of this dividend is Tuesday, April 8th.

OppFi Trading Down 7.4 %

Shares of OPFI opened at $8.30 on Friday. The stock’s 50 day moving average is $11.32 and its two-hundred day moving average is $8.43. OppFi has a twelve month low of $2.40 and a twelve month high of $17.73. The firm has a market capitalization of $716.73 million, a PE ratio of 51.85 and a beta of 1.61.

OppFi (NYSE:OPFI) last posted its quarterly earnings results on Wednesday, March 5th. The company reported $0.23 EPS 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 business had revenue of $135.72 million during the quarter, compared to analysts’ expectations of $133.50 million. During the same period last year, the firm earned $0.10 EPS. On average, sell-side analysts predict that OppFi will post 0.86 EPS for the current year.

Analyst Ratings Changes

OPFI has been the topic of a number of recent analyst reports. JMP Securities cut shares of OppFi from an “outperform” rating to a “market perform” rating in a research note on Wednesday, February 12th. Citizens Jmp lowered shares of OppFi from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 12th. Finally, Northland Securities set a $13.00 target price on shares of OppFi in a research report on Thursday, March 6th.

Insiders Place Their Bets

In other OppFi news, Director Theodore G. Schwartz sold 124,788 shares of OppFi 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 completion of the transaction, the director now owns 186,737 shares in the company, valued at approximately $1,738,521.47. The trade was a 40.06 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director David Vennettilli sold 43,238 shares of the firm’s stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $9.45, for a total transaction of $408,599.10. Following the transaction, the director now directly owns 90,762 shares of the company’s stock, valued at approximately $857,700.90. This trade represents a 32.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 687,653 shares of company stock worth $6,626,927. 84.00% of the stock is owned by corporate insiders.

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.