OppFi (NYSE:OPFI) Upgraded at Citizens Jmp

Citizens Jmp upgraded shares of OppFi (NYSE:OPFI) from a market perform rating to an outperform rating in a research report released on Thursday, Marketbeat reports. They currently have $13.50 price target on the stock.

Other equities analysts also recently issued research reports about the stock. JMP Securities downgraded shares of OppFi from an “outperform” rating to a “market perform” rating in a research note on Wednesday, February 12th. Northland Securities set a $13.00 price objective on OppFi in a research report on Thursday, March 6th.

OppFi Trading Up 0.2 %

Shares of OPFI opened at $11.63 on Thursday. The stock’s 50-day moving average price is $9.28 and its two-hundred day moving average price is $9.21. OppFi has a 12 month low of $2.82 and a 12 month high of $17.73. The company has a market capitalization of $1.00 billion, a PE ratio of 72.69 and a beta of 1.61.

OppFi (NYSE:OPFI) last announced its earnings results on Wednesday, May 7th. The company reported $0.38 EPS for the quarter, beating the consensus estimate of $0.26 by $0.12. OppFi had a return on equity of 35.04% and a net margin of 1.40%. The business had revenue of $140.27 million for the quarter, compared to analysts’ expectations of $137.71 million. Equities research analysts predict that OppFi will post 0.86 EPS for the current fiscal year.

OppFi Announces Dividend

The business also recently disclosed a special dividend, which was paid on Friday, April 18th. Stockholders of record on Tuesday, April 8th were paid a $0.25 dividend. The ex-dividend date of this dividend was Tuesday, April 8th.

Insider Activity at OppFi

In related news, Director David Vennettilli sold 30,762 shares of the company’s stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $9.09, for a total transaction of $279,626.58. Following the transaction, the director now directly owns 90,762 shares of the company’s stock, valued at approximately $825,026.58. This represents a 25.31 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Theodore G. Schwartz sold 165,174 shares of the firm’s stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $10.58, for a total value of $1,747,540.92. Following the completion of the sale, the director now directly owns 186,737 shares of the company’s stock, valued at $1,975,677.46. This trade represents a 46.94 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,027,991 shares of company stock worth $9,489,160 in the last quarter. Company insiders own 84.00% of the company’s stock.

Hedge Funds Weigh In On OppFi

A number of institutional investors have recently modified their holdings of OPFI. Thoroughbred Financial Services LLC bought a new stake in OppFi during the 1st quarter valued at $131,000. Strategic Investment Solutions Inc. IL increased its position in shares of OppFi by 65.5% during the first quarter. Strategic Investment Solutions Inc. IL now owns 3,227 shares of the company’s stock worth $30,000 after acquiring an additional 1,277 shares in the last quarter. XTX Topco Ltd raised its holdings in shares of OppFi by 53.8% in the 1st quarter. XTX Topco Ltd now owns 33,028 shares of the company’s stock worth $307,000 after acquiring an additional 11,552 shares during the last quarter. LPL Financial LLC lifted its position in OppFi by 7.2% in the 1st quarter. LPL Financial LLC now owns 191,948 shares of the company’s stock valued at $1,785,000 after acquiring an additional 12,943 shares in the last quarter. Finally, AE Wealth Management LLC acquired a new position in OppFi during the 1st quarter valued at about $257,000. 7.10% of the stock is owned by institutional investors and hedge funds.

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.