DAVENPORT & Co LLC Buys 40,749 Shares of OppFi Inc. $OPFI

DAVENPORT & Co LLC increased its stake in OppFi Inc. (NYSE:OPFI) by 102.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 80,525 shares of the company’s stock after purchasing an additional 40,749 shares during the period. DAVENPORT & Co LLC owned approximately 0.09% of OppFi worth $1,127,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Financial Management Professionals Inc. bought a new position in OppFi during the second quarter valued at approximately $25,000. Brendel Financial Advisors LLC grew its position in OppFi by 79.7% during the second quarter. Brendel Financial Advisors LLC now owns 19,640 shares of the company’s stock valued at $275,000 after acquiring an additional 8,710 shares during the last quarter. Baader Bank Aktiengesellschaft bought a new position in OppFi during the second quarter valued at approximately $427,000. Thurston Springer Miller Herd & Titak Inc. grew its position in OppFi by 726.7% during the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 17,674 shares of the company’s stock valued at $247,000 after acquiring an additional 15,536 shares during the last quarter. Finally, Rhumbline Advisers grew its position in OppFi by 23.3% during the first quarter. Rhumbline Advisers now owns 19,362 shares of the company’s stock valued at $180,000 after acquiring an additional 3,662 shares during the last quarter. 7.10% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, CFO Pamela D. Johnson sold 5,497 shares of the firm’s stock in a transaction on Thursday, October 2nd. The stock was sold at an average price of $11.21, for a total value of $61,621.37. Following the completion of the sale, the chief financial officer owned 154,521 shares of the company’s stock, valued at $1,732,180.41. This trade represents a 3.44% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Theodore G. Schwartz sold 102,325 shares of the firm’s stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $10.80, for a total value of $1,105,110.00. Following the completion of the sale, the director directly owned 199,644 shares of the company’s stock, valued at $2,156,155.20. The trade was a 33.89% decrease in their position. The disclosure for this sale can be found here. Insiders sold 347,999 shares of company stock valued at $3,953,409 over the last quarter. 72.00% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of brokerages have commented on OPFI. Weiss Ratings reiterated a “sell (d)” rating on shares of OppFi in a research report on Wednesday. Zacks Research cut shares of OppFi from a “strong-buy” rating to a “hold” rating in a report on Monday, October 6th. Three investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $13.63.

OppFi Stock Down 4.1%

Shares of OPFI stock opened at $9.65 on Friday. The stock has a fifty day moving average of $10.69 and a 200 day moving average of $11.10. OppFi Inc. has a 52 week low of $4.68 and a 52 week high of $17.73. The firm has a market capitalization of $842.54 million, a price-to-earnings ratio of -7.37 and a beta of 1.71.

OppFi (NYSE:OPFI) last announced its quarterly earnings results on Wednesday, August 6th. The company reported $0.45 EPS for the quarter, topping analysts’ consensus estimates of $0.30 by $0.15. OppFi had a positive return on equity of 53.83% and a negative net margin of 6.04%.The company had revenue of $142.44 million during the quarter, compared to analyst estimates of $141.19 million. Equities research analysts anticipate that OppFi Inc. will post 0.86 earnings per share for the current year.

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.