OppFi Inc. (NYSE:OPFI) Short Interest Update

OppFi Inc. (NYSE:OPFI) was the recipient of a significant decline in short interest in February. As of February 28th, there was short interest totalling 5,530,000 shares, a decline of 13.5% from the February 13th total of 6,390,000 shares. Currently, 28.2% of the company’s shares are short sold. Based on an average trading volume of 1,870,000 shares, the short-interest ratio is currently 3.0 days.

Wall Street Analyst Weigh In

OPFI has been the topic of several recent research reports. JMP Securities downgraded OppFi from an “outperform” rating to a “market perform” rating in a research note on Wednesday, February 12th. Northland Securities set a $13.00 target price on OppFi in a research report on Thursday, March 6th. Finally, Citizens Jmp downgraded OppFi from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 12th.

OppFi Trading Up 4.5 %

Shares of NYSE OPFI traded up $0.41 during mid-day trading on Wednesday, hitting $9.55. The company had a trading volume of 599,863 shares, compared to its average volume of 713,123. The firm has a 50-day simple moving average of $11.60 and a two-hundred day simple moving average of $7.97. The company has a market capitalization of $823.34 million, a PE ratio of 59.63 and a beta of 1.63. OppFi has a one year low of $2.35 and a one year high of $17.73.

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

Insiders Place Their Bets

In other news, Director Theodore G. Schwartz sold 79,762 shares of the stock in a transaction on Friday, March 14th. The shares were sold at an average price of $9.13, for a total transaction of $728,227.06. Following the completion of the sale, the director now owns 186,737 shares of the company’s stock, valued at $1,704,908.81. This represents a 29.93 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director David Vennettilli sold 43,238 shares of the firm’s stock in a transaction on Friday, March 7th. The stock was sold at an average price of $9.45, for a total transaction of $408,599.10. Following the sale, the director now owns 90,762 shares in the company, valued at approximately $857,700.90. The trade was a 32.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 233,321 shares of company stock worth $2,142,826. Corporate insiders own 84.00% of the company’s stock.

Institutional Investors Weigh In On OppFi

A number of institutional investors and hedge funds have recently modified their holdings of the company. Renaissance Technologies LLC grew its stake in OppFi by 52.6% in the 4th quarter. Renaissance Technologies LLC now owns 826,115 shares of the company’s stock valued at $6,328,000 after buying an additional 284,900 shares during the last quarter. Marshall Wace LLP increased its stake in OppFi by 249.2% during the 4th quarter. Marshall Wace LLP now owns 617,366 shares of the company’s stock worth $4,729,000 after acquiring an additional 440,582 shares during the period. Segall Bryant & Hamill LLC bought a new position in shares of OppFi in the third quarter worth $2,457,000. Two Sigma Investments LP increased its holdings in OppFi by 19.8% in the 4th quarter. Two Sigma Investments LP now owns 447,260 shares of the company’s stock valued at $3,426,000 after buying an additional 73,905 shares during the period. Finally, Two Sigma Advisers LP raised its position in shares of OppFi by 27.9% in the 4th quarter. Two Sigma Advisers LP now owns 429,100 shares of the company’s stock valued at $3,287,000 after buying an additional 93,700 shares in the last quarter. 7.10% of the stock is owned by institutional investors.

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.