OppFi Inc. (NYSE:OPFI - Get Free Report) insider Christopher J. Mckay sold 10,377 shares of OppFi stock in a transaction dated Monday, April 7th. The shares were sold at an average price of $7.54, for a total transaction of $78,242.58. Following the sale, the insider now directly owns 227,421 shares in the company, valued at $1,714,754.34. The trade was a 4.36 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website.
OppFi Stock Performance
Shares of NYSE:OPFI opened at $8.63 on Thursday. The firm has a fifty day moving average price of $10.79 and a 200 day moving average price of $8.53. OppFi Inc. has a fifty-two week low of $2.56 and a fifty-two week high of $17.73. The firm has a market cap of $745.24 million, a price-to-earnings ratio of 53.91 and a beta of 1.61.
OppFi (NYSE:OPFI - Get Free Report) last released its quarterly earnings data on Wednesday, March 5th. The company reported $0.23 EPS 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 business had revenue of $135.72 million during the quarter, compared to analyst estimates of $133.50 million. During the same quarter last year, the business earned $0.10 earnings per share. As a group, research analysts predict that OppFi Inc. will post 0.86 earnings per share for the current year.
OppFi Dividend Announcement
The firm also recently announced a special dividend, which will be paid on Friday, April 18th. Shareholders of record on Tuesday, April 8th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Tuesday, April 8th.
Wall Street Analyst Weigh In
OPFI has been the topic of several research reports. Northland Securities set a $13.00 price objective on shares of OppFi in a research note on Thursday, March 6th. JMP Securities lowered shares of OppFi from an "outperform" rating to a "market perform" rating in a research note on Wednesday, February 12th. Finally, Citizens Jmp cut shares of OppFi from a "strong-buy" rating to a "hold" rating in a report on Wednesday, February 12th.
Check Out Our Latest Research Report on OPFI
Institutional Trading of OppFi
Institutional investors have recently modified their holdings of the company. NewEdge Advisors LLC raised its position in OppFi by 4.7% during the 4th quarter. NewEdge Advisors LLC now owns 18,328 shares of the company's stock worth $140,000 after buying an additional 831 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in OppFi by 8.7% during the 4th 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 during the last quarter. Barclays PLC boosted its position in shares of OppFi by 5.6% during the 4th quarter. Barclays PLC now owns 44,521 shares of the company's stock valued at $341,000 after acquiring an additional 2,380 shares during the last quarter. Rhumbline Advisers boosted its position in shares of OppFi by 23.3% during the 1st quarter. Rhumbline Advisers now owns 19,362 shares of the company's stock valued at $180,000 after acquiring an additional 3,662 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of OppFi by 8.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 54,359 shares of the company's stock valued at $416,000 after acquiring an additional 4,398 shares during the last quarter. 7.10% of the stock is currently owned by institutional investors.
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.
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