OppFi Inc. (NYSE:OPFI - Get Free Report) Director Theodore G. Schwartz sold 50,896 shares of the stock in a transaction dated Monday, April 21st. The shares were sold at an average price of $7.94, for a total transaction of $404,114.24. Following the sale, the director now directly owns 186,737 shares in the company, valued at $1,482,691.78. This trade represents a 21.42 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.
OppFi Stock Performance
OPFI opened at $8.84 on Thursday. The company's 50-day simple moving average is $9.49 and its two-hundred day simple moving average is $8.76. OppFi Inc. has a 52-week low of $2.56 and a 52-week high of $17.73. The stock has a market capitalization of $763.82 million, a P/E ratio of 55.25 and a beta of 1.61.
OppFi (NYSE:OPFI - Get Free Report) last released its quarterly earnings results on Wednesday, March 5th. The company reported $0.23 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.14 by $0.09. The firm had revenue of $135.72 million for 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 business posted $0.10 EPS. Research analysts forecast that OppFi Inc. will post 0.86 EPS for the current fiscal year.
OppFi Dividend Announcement
The firm also recently announced a special dividend, which was paid on Friday, April 18th. Investors of record on Tuesday, April 8th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Tuesday, April 8th.
Wall Street Analysts Forecast Growth
A number of research firms have recently commented on OPFI. Northland Securities set a $13.00 price target on shares of OppFi in a report on Thursday, March 6th. JMP Securities cut OppFi from an "outperform" rating to a "market perform" rating in a research report on Wednesday, February 12th. Finally, Citizens Jmp lowered OppFi from a "strong-buy" rating to a "hold" rating in a report on Wednesday, February 12th.
Check Out Our Latest Research Report on OppFi
Institutional Inflows and Outflows
Several institutional investors have recently added to or reduced their stakes in the business. GAMMA Investing LLC increased its stake in shares of OppFi by 2,488.9% in the 1st quarter. GAMMA Investing LLC now owns 5,152 shares of the company's stock worth $48,000 after purchasing an additional 4,953 shares in the last quarter. Ancora Advisors LLC bought a new position in shares of OppFi during the 4th quarter valued at approximately $65,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in OppFi by 8.7% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,801 shares of the company's stock worth $83,000 after acquiring an additional 866 shares in the last quarter. Mariner LLC bought a new stake in OppFi during the 4th quarter worth approximately $93,000. Finally, MetLife Investment Management LLC purchased a new position in OppFi during the fourth quarter valued at approximately $98,000. 7.10% of the stock is currently owned by institutional investors.
OppFi Company Profile
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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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