Insider Selling: OppFi Inc. (NYSE:OPFI) Director Sells 49,799 Shares of Stock

OppFi Inc. (NYSE:OPFI - Get Free Report) Director Theodore G. Schwartz sold 49,799 shares of the firm's stock in a transaction on Monday, April 14th. The shares were sold at an average price of $8.39, for a total transaction of $417,813.61. Following the sale, the director now owns 186,737 shares in the company, valued at $1,566,723.43. The trade was a 21.05 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

OppFi Trading Up 2.3 %

NYSE:OPFI opened at $8.46 on Wednesday. The business's 50-day moving average is $10.24 and its 200 day moving average is $8.64. OppFi Inc. has a 12 month low of $2.56 and a 12 month high of $17.73. The company has a market capitalization of $731.16 million, a P/E ratio of 52.89 and a beta of 1.61.

OppFi (NYSE:OPFI - Get Free Report) last posted its 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. OppFi had a net margin of 1.40% and a return on equity of 35.04%. The firm had revenue of $135.72 million during the quarter, compared to analyst estimates of $133.50 million. During the same period last year, the firm posted $0.10 earnings per share. On average, research analysts forecast that OppFi Inc. will post 0.86 earnings per share for the current year.

OppFi Dividend Announcement




The business also recently declared a special dividend, which will be paid on Friday, April 18th. Investors of record on Tuesday, April 8th will be given a $0.25 dividend. The ex-dividend date of this dividend is Tuesday, April 8th.

Analysts Set New Price Targets

A number of equities research analysts have commented on OPFI shares. Citizens Jmp cut OppFi from a "strong-buy" rating to a "hold" rating in a report on Wednesday, February 12th. JMP Securities downgraded OppFi from an "outperform" rating to a "market perform" rating in a research note on Wednesday, February 12th. Finally, Northland Securities set a $13.00 price objective on shares of OppFi in a research report on Thursday, March 6th.

View Our Latest Stock Analysis on OPFI

Institutional Investors Weigh In On OppFi

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Rhumbline Advisers increased 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 purchasing an additional 3,662 shares during the last quarter. GAMMA Investing LLC raised its stake in shares of OppFi by 2,488.9% in the first quarter. GAMMA Investing LLC now owns 5,152 shares of the company's stock valued at $48,000 after acquiring an additional 4,953 shares during the period. Mackenzie Financial Corp bought a new stake in shares of OppFi in the 4th quarter worth about $131,000. Wolverine Trading LLC bought a new position in OppFi during the 4th quarter valued at about $630,000. Finally, Squarepoint Ops LLC purchased a new position in shares of OppFi during the fourth quarter valued at approximately $218,000. 7.10% of the stock is currently owned by hedge funds and other 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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