Insider Selling: OppFi Inc. (NYSE:OPFI) Director Sells 165,174 Shares of Stock

OppFi Inc. (NYSE:OPFI) Director Theodore G. Schwartz sold 165,174 shares of OppFi stock in a transaction on Monday, March 24th. The stock was sold at an average price of $10.58, for a total transaction of $1,747,540.92. Following the completion of the transaction, the director now directly owns 186,737 shares of the company’s stock, valued at $1,975,677.46. The trade was a 46.94 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

OppFi Stock Performance

Shares of NYSE:OPFI traded down $0.77 during midday trading on Wednesday, hitting $9.98. The company’s stock had a trading volume of 1,533,729 shares, compared to its average volume of 737,080. The company has a market cap of $861.89 million, a P/E ratio of 62.35 and a beta of 1.63. OppFi Inc. has a 12-month low of $2.35 and a 12-month high of $17.73. The business’s 50 day simple moving average is $11.70 and its 200 day simple moving average is $8.17.

OppFi (NYSE:OPFI) last posted its earnings results 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. OppFi had a net margin of 1.40% and a return on equity of 35.04%. The company had revenue of $135.72 million for the quarter, compared to analyst estimates of $133.50 million. During the same period in the previous year, the business posted $0.10 EPS. On average, sell-side analysts predict that OppFi Inc. will post 0.86 earnings per share for the current fiscal year.

OppFi Announces Dividend

The business also recently disclosed a special dividend, which will be paid on Friday, April 18th. Investors of record on Tuesday, April 8th will be given a dividend of $0.25 per share. The ex-dividend date is Tuesday, April 8th.

Hedge Funds Weigh In On OppFi

Several institutional investors have recently bought and sold shares of OPFI. Ancora Advisors LLC purchased a new stake in shares of OppFi during the fourth quarter worth $65,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of OppFi by 8.7% during 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 in the last quarter. Mariner LLC acquired a new stake in shares of OppFi in the fourth quarter valued at approximately $93,000. Quadrature Capital Ltd purchased a new position in OppFi during the 3rd quarter worth $60,000. Finally, MetLife Investment Management LLC acquired a new position in OppFi in the 4th quarter valued at about $98,000. 7.10% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have issued reports on OPFI. Citizens Jmp lowered OppFi from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 12th. JMP Securities cut 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 objective on OppFi in a 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.