Insider Selling: OppFi Inc. (NYSE:OPFI) Director Sells 105,606 Shares of Stock

OppFi Inc. (NYSE:OPFI) Director Theodore G. Schwartz sold 105,606 shares of the firm’s stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $9.57, for a total value of $1,010,649.42. Following the transaction, the director now directly owns 186,737 shares of the company’s stock, valued at approximately $1,787,073.09. This trade represents a 36.12 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

OppFi Price Performance

OppFi stock opened at $9.95 on Friday. OppFi Inc. has a one year low of $2.35 and a one year high of $17.73. The business’s fifty day moving average is $11.67 and its 200 day moving average is $8.00. The stock has a market capitalization of $857.40 million, a PE ratio of 62.16 and a beta of 1.63.

OppFi (NYSE:OPFI) last released its quarterly earnings data on Wednesday, March 5th. The company reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.09. The firm had revenue of $135.72 million during the quarter, compared to analysts’ expectations of $133.50 million. OppFi had a net margin of 1.40% and a return on equity of 35.04%. During the same period in the previous year, the company earned $0.10 earnings per share. As a group, sell-side analysts expect that OppFi Inc. will post 0.86 EPS for the current fiscal year.

Hedge Funds Weigh In On OppFi

A number of institutional investors and hedge funds have recently modified their holdings of OPFI. Segall Bryant & Hamill LLC purchased a new stake in OppFi during the third quarter valued at $2,457,000. Marshall Wace LLP lifted its stake in shares of OppFi by 249.2% in the 4th quarter. Marshall Wace LLP now owns 617,366 shares of the company’s stock worth $4,729,000 after purchasing an additional 440,582 shares during the period. Renaissance Technologies LLC lifted its stake in shares of OppFi by 52.6% in 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 boosted its holdings in shares of OppFi by 310.7% in the fourth quarter. Tudor Investment Corp ET AL now owns 276,331 shares of the company’s stock worth $2,117,000 after buying an additional 209,045 shares during the last quarter. Finally, Bank of America Corp DE grew its position in OppFi by 1,745.7% during the fourth 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. 7.10% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

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.