Los Angeles Capital Management LLC Invests $355,000 in OppFi Inc. (NYSE:OPFI)

Los Angeles Capital Management LLC bought a new position in shares of OppFi Inc. (NYSE:OPFI) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 75,086 shares of the company’s stock, valued at approximately $355,000. Los Angeles Capital Management LLC owned 0.09% of OppFi as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also made changes to their positions in OPFI. Vanguard Group Inc. raised its holdings in OppFi by 0.6% during the first quarter. Vanguard Group Inc. now owns 823,916 shares of the company’s stock worth $2,060,000 after purchasing an additional 5,218 shares in the last quarter. Acadian Asset Management LLC purchased a new position in OppFi during the first quarter worth about $51,000. Brendel Financial Advisors LLC purchased a new position in OppFi during the third quarter worth about $105,000. Marshall Wace LLP raised its holdings in OppFi by 24.2% during the second quarter. Marshall Wace LLP now owns 171,318 shares of the company’s stock worth $581,000 after purchasing an additional 33,347 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in OppFi by 120.5% during the second quarter. Bank of New York Mellon Corp now owns 36,690 shares of the company’s stock worth $124,000 after purchasing an additional 20,048 shares in the last quarter. Institutional investors and hedge funds own 7.10% of the company’s stock.

OppFi Trading Down 0.6 %

Shares of OppFi stock opened at $6.53 on Monday. OppFi Inc. has a 12-month low of $2.35 and a 12-month high of $7.16. The stock has a market cap of $562.95 million, a PE ratio of 40.82 and a beta of 1.20. The company has a 50-day moving average of $5.05 and a two-hundred day moving average of $4.15.

Insider Buying and Selling at OppFi

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

Wall Street Analyst Weigh In

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

OppFi 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.