Christopher J. Mckay Sells 10,377 Shares of OppFi Inc. (NYSE:OPFI) Stock

OppFi Inc. (NYSE:OPFI) insider Christopher J. Mckay sold 10,377 shares of the business’s stock in a transaction on Monday, April 7th. The stock was sold at an average price of $7.54, for a total transaction of $78,242.58. Following the transaction, the insider now directly owns 227,421 shares in the company, valued at approximately $1,714,754.34. The trade was a 4.36 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

OppFi Trading Down 3.6 %

Shares of OPFI stock opened at $8.35 on Friday. The company has a market capitalization of $721.05 million, a price-to-earnings ratio of 52.16 and a beta of 1.61. OppFi Inc. has a 1-year low of $2.56 and a 1-year high of $17.73. The stock’s fifty day simple moving average is $10.68 and its 200-day simple moving average is $8.56.

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. The firm had revenue of $135.72 million for the quarter, compared to analyst estimates of $133.50 million. OppFi had a net margin of 1.40% and a return on equity of 35.04%. During the same quarter in the prior year, the business earned $0.10 EPS. On average, sell-side analysts predict that OppFi Inc. will post 0.86 EPS for the current year.

OppFi Dividend Announcement

The company also recently declared a special dividend, which will be paid on Friday, April 18th. Stockholders of record on Tuesday, April 8th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Tuesday, April 8th.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on OPFI shares. JMP Securities cut OppFi from an “outperform” rating to a “market perform” rating in a research note on Wednesday, February 12th. Citizens Jmp lowered 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 shares of OppFi in a research report on Thursday, March 6th.

Institutional Trading of OppFi

Several large investors have recently added to or reduced their stakes in the business. GAMMA Investing LLC boosted its stake in shares of OppFi by 2,488.9% during the 1st quarter. GAMMA Investing LLC now owns 5,152 shares of the company’s stock worth $48,000 after acquiring an additional 4,953 shares in the last quarter. Quadrature Capital Ltd acquired a new position in shares of OppFi during the 3rd quarter worth about $60,000. Ancora Advisors LLC bought a new position in OppFi in the 4th quarter worth approximately $65,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in OppFi by 8.7% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,801 shares of the company’s stock worth $83,000 after acquiring an additional 866 shares during the period. Finally, Mariner LLC acquired a new position in OppFi during the 4th quarter valued at $93,000. 7.10% of the stock is 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.