OppFi Inc. (NYSE:OPFI - Get Free Report) Director Theodore G. Schwartz sold 124,788 shares of the business's stock in a transaction dated Thursday, March 27th. The shares were sold at an average price of $9.31, for a total transaction of $1,161,776.28. Following the transaction, the director now directly owns 186,737 shares in the company, valued at approximately $1,738,521.47. The trade was a 40.06 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.
OppFi Stock Up 2.0 %
Shares of OPFI stock opened at $9.51 on Friday. The firm has a 50 day moving average of $11.59 and a two-hundred day moving average of $8.23. The stock has a market capitalization of $821.28 million, a PE ratio of 59.41 and a beta of 1.63. OppFi Inc. has a 52 week low of $2.38 and a 52 week high of $17.73.
OppFi (NYSE:OPFI - Get Free Report) last released its earnings results on Wednesday, March 5th. The company reported $0.23 earnings per share (EPS) 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 analyst estimates 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 business posted $0.10 earnings per share. Analysts expect that OppFi Inc. will post 0.86 EPS for the current fiscal year.
OppFi Announces Dividend
The company also recently disclosed a special dividend, which will be paid on Friday, April 18th. Stockholders of record on Tuesday, April 8th will be issued a $0.25 dividend. The ex-dividend date is Tuesday, April 8th.
Hedge Funds Weigh In On OppFi
Institutional investors and hedge funds have recently modified their holdings of the company. Quadrature Capital Ltd purchased a new stake in OppFi during the third quarter worth approximately $60,000. Jane Street Group LLC raised its holdings in OppFi by 28.9% during the third quarter. Jane Street Group LLC now owns 25,842 shares of the company's stock worth $122,000 after purchasing an additional 5,795 shares in the last quarter. XTX Topco Ltd purchased a new stake in shares of OppFi during the 3rd quarter worth approximately $136,000. Barclays PLC boosted its holdings in shares of OppFi by 95.9% in the 3rd quarter. Barclays PLC now owns 42,141 shares of the company's stock valued at $199,000 after buying an additional 20,630 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in OppFi by 4.7% during the 3rd quarter. Geode Capital Management LLC now owns 401,122 shares of the company's stock worth $1,897,000 after acquiring an additional 18,149 shares in the last quarter. Institutional investors and hedge funds own 7.10% of the company's stock.
Analyst Upgrades and Downgrades
Several equities analysts have recently commented on OPFI shares. Northland Securities set a $13.00 price target on OppFi in a research note on Thursday, March 6th. JMP Securities downgraded shares of OppFi from an "outperform" rating to a "market perform" rating in a report on Wednesday, February 12th. Finally, Citizens Jmp lowered OppFi from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, February 12th.
Check Out Our Latest Research Report on OppFi
About OppFi
(
Get Free Report)
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.
Read More
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. This story was reviewed by InsiderTrades.com's editorial team prior to publication. Please send any questions or comments about this story to contact@insidertrades.com.
