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 stock in a transaction dated Thursday, April 3rd. The stock was sold at an average price of $9.00, for a total transaction of $93,393.00. Following the transaction, the insider now directly owns 248,175 shares of the company’s stock, valued at $2,233,575. This represents a 4.01 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

OppFi Price Performance

Shares of OPFI stock opened at $8.17 on Tuesday. The firm has a market cap of $705.50 million, a P/E ratio of 51.03 and a beta of 1.61. OppFi Inc. has a 1-year low of $2.40 and a 1-year high of $17.73. The firm’s 50-day simple moving average is $11.23 and its 200-day simple moving average is $8.48.

OppFi (NYSE:OPFI) last released its quarterly earnings data on Wednesday, March 5th. The company reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.09. The company had revenue of $135.72 million for the quarter, compared to the consensus estimate 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 business posted $0.10 EPS. Analysts expect that OppFi Inc. will post 0.86 earnings per share for the current fiscal year.

OppFi Dividend Announcement

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 paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Tuesday, April 8th.

Hedge Funds Weigh In On OppFi

Several hedge funds and other institutional investors have recently bought and sold shares of OPFI. GAMMA Investing LLC lifted its holdings in OppFi by 2,488.9% in the 1st quarter. GAMMA Investing LLC now owns 5,152 shares of the company’s stock worth $48,000 after buying an additional 4,953 shares in the last quarter. Ancora Advisors LLC bought a new position in OppFi during the 4th quarter worth approximately $65,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in OppFi by 8.7% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,801 shares of the company’s stock worth $83,000 after purchasing an additional 866 shares during the period. Mariner LLC acquired a new position in shares of OppFi in the 4th quarter valued at about $93,000. Finally, Quadrature Capital Ltd acquired a new position in OppFi in the third quarter valued at approximately $60,000. 7.10% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

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.