OppFi Inc. (NYSE:OPFI) Director Theodore G. Schwartz Sells 58,764 Shares

OppFi Inc. (NYSE:OPFI) Director Theodore G. Schwartz sold 58,764 shares of the business’s stock in a transaction dated Friday, March 21st. The stock was sold at an average price of $9.60, for a total transaction of $564,134.40. Following the sale, the director now owns 186,737 shares in the company, valued at $1,792,675.20. This trade represents a 23.94 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

OppFi Trading Down 1.7 %

OppFi stock opened at $10.74 on Wednesday. The company has a fifty day simple moving average of $11.70 and a 200-day simple moving average of $8.17. The stock has a market cap of $927.99 million, a P/E ratio of 67.13 and a beta of 1.63. OppFi Inc. has a 12-month low of $2.35 and a 12-month high of $17.73.

OppFi (NYSE:OPFI) last posted its quarterly earnings results on Wednesday, March 5th. The company reported $0.23 earnings per share for the quarter, beating analysts’ consensus estimates of $0.14 by $0.09. The company had revenue of $135.72 million for the quarter, compared to analysts’ expectations 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 firm earned $0.10 earnings per share. As a group, sell-side analysts forecast that OppFi Inc. will post 0.86 earnings per share for the current fiscal year.

OppFi Announces Dividend

The business also recently disclosed a special dividend, which will be paid on Friday, April 18th. Shareholders of record on Tuesday, April 8th will be issued a dividend of $0.25 per share.

Analyst Ratings Changes

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

Institutional Trading of OppFi

Institutional investors have recently modified their holdings of the stock. Marshall Wace LLP grew its position in shares of OppFi by 249.2% in the 4th quarter. Marshall Wace LLP now owns 617,366 shares of the company’s stock valued at $4,729,000 after buying an additional 440,582 shares during the last quarter. Renaissance Technologies LLC grew its holdings in shares of OppFi by 52.6% during the fourth quarter. Renaissance Technologies LLC now owns 826,115 shares of the company’s stock worth $6,328,000 after purchasing an additional 284,900 shares during the last quarter. Tudor Investment Corp ET AL increased its position in shares of OppFi by 310.7% during the fourth quarter. Tudor Investment Corp ET AL now owns 276,331 shares of the company’s stock worth $2,117,000 after purchasing an additional 209,045 shares in the last quarter. Bank of America Corp DE lifted its holdings in shares of OppFi by 1,745.7% in the 4th quarter. Bank of America Corp DE now owns 206,317 shares of the company’s stock valued at $1,580,000 after purchasing an additional 195,139 shares during the last quarter. Finally, EAM Investors LLC acquired a new stake in shares of OppFi in the 4th quarter valued at about $1,395,000. Hedge funds and other institutional investors own 7.10% of the company’s stock.

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.