Everstar Asset Management LLC Makes New Investment in OppFi Inc. $OPFI

Everstar Asset Management LLC purchased a new stake in OppFi Inc. (NYSE:OPFI) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 21,721 shares of the company’s stock, valued at approximately $202,000.

Several other institutional investors and hedge funds also recently made changes to their positions in OPFI. Trexquant Investment LP grew its holdings in shares of OppFi by 232.4% in the 1st quarter. Trexquant Investment LP now owns 392,333 shares of the company’s stock valued at $3,649,000 after buying an additional 274,318 shares during the period. Bank of America Corp DE grew 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 buying an additional 195,139 shares during the period. Victory Capital Management Inc. grew its holdings in shares of OppFi by 450.8% in the 1st quarter. Victory Capital Management Inc. now owns 202,986 shares of the company’s stock valued at $1,888,000 after buying an additional 166,130 shares during the period. Goldman Sachs Group Inc. grew its holdings in shares of OppFi by 191.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 189,961 shares of the company’s stock valued at $1,767,000 after buying an additional 124,744 shares during the period. Finally, Nuveen LLC acquired a new position in shares of OppFi in the 1st quarter valued at $1,079,000. Institutional investors and hedge funds own 7.10% of the company’s stock.

Insider Transactions at OppFi

In other news, Director Theodore G. Schwartz sold 190,349 shares of the stock in a transaction dated Thursday, June 12th. The shares were sold at an average price of $12.87, for a total transaction of $2,449,791.63. Following the completion of the transaction, the director directly owned 199,644 shares in the company, valued at $2,569,418.28. This represents a 48.81% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Pamela D. Johnson sold 35,890 shares of the stock in a transaction dated Wednesday, June 11th. The stock was sold at an average price of $13.97, for a total transaction of $501,383.30. Following the transaction, the chief financial officer owned 173,018 shares of the company’s stock, valued at approximately $2,417,061.46. This represents a 17.18% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,055,699 shares of company stock worth $12,935,298 in the last three months. Insiders own 72.00% of the company’s stock.

OppFi Trading Down 0.0%

Shares of NYSE OPFI opened at $10.46 on Tuesday. The firm has a market cap of $912.83 million, a PE ratio of -7.98 and a beta of 1.70. OppFi Inc. has a 1-year low of $3.93 and a 1-year high of $17.73. The company has a fifty day moving average price of $11.19 and a 200 day moving average price of $10.91.

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

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. Stephens assumed coverage on shares of OppFi in a report on Thursday, June 12th. They issued an “equal weight” rating and a $14.50 price target for the company. Zacks Research raised shares of OppFi to a “strong-buy” rating in a report on Friday, August 8th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, OppFi currently has a consensus rating of “Buy” and a consensus price target of $13.63.

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.