GSA Capital Partners LLP Reduces Stake in OppFi Inc. (NYSE:OPFI)

GSA Capital Partners LLP lowered its stake in shares of OppFi Inc. (NYSE:OPFI) by 7.8% in the 3rd quarter, HoldingsChannel reports. The firm owned 160,981 shares of the company’s stock after selling 13,558 shares during the quarter. GSA Capital Partners LLP’s holdings in OppFi were worth $761,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently modified their holdings of OPFI. Vanguard Group Inc. grew its holdings in OppFi by 0.6% during the first quarter. Vanguard Group Inc. now owns 823,916 shares of the company’s stock valued at $2,060,000 after purchasing an additional 5,218 shares during the period. Acadian Asset Management LLC purchased a new position in shares of OppFi during the 1st quarter valued at $51,000. Brendel Financial Advisors LLC bought a new position in shares of OppFi during the 3rd quarter worth $105,000. Bank of New York Mellon Corp increased its holdings in OppFi by 120.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 36,690 shares of the company’s stock worth $124,000 after acquiring an additional 20,048 shares during the last quarter. Finally, Marshall Wace LLP raised its stake in OppFi by 24.2% in the 2nd quarter. Marshall Wace LLP now owns 171,318 shares of the company’s stock valued at $581,000 after acquiring an additional 33,347 shares during the period. Institutional investors own 7.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Northland Securities lifted their target price on shares of OppFi from $6.00 to $8.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th.

OppFi Price Performance

OppFi stock opened at $6.53 on Monday. The firm has a market capitalization of $562.95 million, a P/E ratio of 40.82 and a beta of 1.20. OppFi Inc. has a one year low of $2.35 and a one year high of $7.16. The business has a fifty day moving average price of $5.05 and a 200-day moving average price of $4.15.

Insider Buying and Selling

In other news, Director David Vennettilli sold 100,000 shares of the business’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $6.45, for a total transaction of $645,000.00. Following the completion of the transaction, the director now directly owns 143,825 shares in the company, valued at $927,671.25. The trade was a 41.01 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Jocelyn Moore sold 23,149 shares of the stock in a transaction on Monday, November 11th. The stock was sold at an average price of $6.70, for a total value of $155,098.30. Following the completion of the sale, the director now owns 99,072 shares in the company, valued at $663,782.40. This trade represents a 18.94 % decrease in their position. The disclosure for this sale can be found here. 84.00% of the stock is currently owned by insiders.

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.