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 firm’s stock in a transaction that occurred on Wednesday, April 9th. The stock was sold at an average price of $7.83, for a total transaction of $81,251.91. Following the sale, the insider now owns 206,667 shares in the company, valued at approximately $1,618,202.61. The trade was a 4.78 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

OppFi Trading Up 1.2 %

NYSE:OPFI traded up $0.10 during midday trading on Friday, hitting $8.43. 751,347 shares of the company traded hands, compared to its average volume of 772,564. The firm has a market capitalization of $728.65 million, a P/E ratio of 52.71 and a beta of 1.61. The firm’s fifty day moving average is $10.55 and its 200-day moving average is $8.59. OppFi Inc. has a 12-month low of $2.56 and a 12-month high of $17.73.

OppFi (NYSE:OPFI) last issued its quarterly earnings results on Wednesday, March 5th. The company reported $0.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.14 by $0.09. The firm had revenue of $135.72 million during the quarter, compared to analyst estimates 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 company earned $0.10 EPS. On average, research analysts expect that OppFi Inc. will post 0.86 EPS for the current fiscal year.

OppFi Dividend Announcement

The business also recently disclosed a special dividend, which will be paid on Friday, April 18th. Investors 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.

Institutional Investors Weigh In On OppFi

Several large investors have recently added to or reduced their stakes in OPFI. Marshall Wace LLP raised its stake in shares of OppFi by 249.2% during the fourth quarter. Marshall Wace LLP now owns 617,366 shares of the company’s stock valued at $4,729,000 after acquiring an additional 440,582 shares in the last quarter. Renaissance Technologies LLC increased its holdings in OppFi by 52.6% during the 4th 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 period. Tudor Investment Corp ET AL raised its position in OppFi by 310.7% during the 4th quarter. Tudor Investment Corp ET AL now owns 276,331 shares of the company’s stock valued at $2,117,000 after purchasing an additional 209,045 shares in the last quarter. Bank of America Corp DE raised its position in OppFi by 1,745.7% during 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 in the last quarter. Finally, EAM Investors LLC purchased a new stake in shares of OppFi in the 4th quarter worth $1,395,000. 7.10% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

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.