OppFi Inc. (NYSE:OPFI - Get Free Report) Director Theodore G. Schwartz sold 111,157 shares of the firm's stock in a transaction dated Wednesday, April 23rd. The stock was sold at an average price of $8.84, for a total value of $982,627.88. Following the completion of the sale, the director now directly owns 186,737 shares in the company, valued at approximately $1,650,755.08. The trade was a 37.31 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
OppFi Stock Performance
Shares of NYSE:OPFI opened at $9.29 on Friday. The stock has a 50-day simple moving average of $9.36 and a 200-day simple moving average of $8.83. The stock has a market capitalization of $802.70 million, a P/E ratio of 58.07 and a beta of 1.61. OppFi Inc. has a 1 year low of $2.56 and a 1 year high of $17.73.
OppFi (NYSE:OPFI - Get Free Report) last released its quarterly earnings data on Wednesday, March 5th. The company reported $0.23 earnings per share (EPS) for the quarter, topping 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 company had revenue of $135.72 million during the quarter, compared to the consensus estimate of $133.50 million. During the same period in the previous year, the firm earned $0.10 earnings per share. Analysts predict that OppFi Inc. will post 0.86 earnings per share for the current year.
OppFi Dividend Announcement
The business also recently disclosed a special dividend, which was paid on Friday, April 18th. Shareholders of record on Tuesday, April 8th were given a $0.25 dividend. The ex-dividend date of this dividend was Tuesday, April 8th.
Wall Street Analysts Forecast Growth
Several brokerages have recently weighed in on OPFI. Northland Securities set a $13.00 price objective on shares of OppFi in a report on Thursday, March 6th. JMP Securities lowered shares of OppFi from an "outperform" rating to a "market perform" rating in a report on Wednesday, February 12th. Finally, Citizens Jmp downgraded OppFi from a "strong-buy" rating to a "hold" rating in a report on Wednesday, February 12th.
Read Our Latest Stock Report on OPFI
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Renaissance Technologies LLC raised its holdings in shares of OppFi by 52.6% during the 4th quarter. Renaissance Technologies LLC now owns 826,115 shares of the company's stock valued at $6,328,000 after buying an additional 284,900 shares during the period. Marshall Wace LLP grew its position in OppFi by 249.2% in the fourth quarter. Marshall Wace LLP now owns 617,366 shares of the company's stock valued at $4,729,000 after acquiring an additional 440,582 shares in the last quarter. Two Sigma Investments LP raised its stake in shares of OppFi by 19.8% during the fourth quarter. Two Sigma Investments LP now owns 447,260 shares of the company's stock valued at $3,426,000 after purchasing an additional 73,905 shares during the period. Two Sigma Advisers LP lifted its position in shares of OppFi by 27.9% during the fourth quarter. Two Sigma Advisers LP now owns 429,100 shares of the company's stock worth $3,287,000 after purchasing an additional 93,700 shares in the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of OppFi by 2.8% in the fourth quarter. Geode Capital Management LLC now owns 412,361 shares of the company's stock valued at $3,160,000 after purchasing an additional 11,239 shares during the period. Institutional investors and hedge funds own 7.10% of the company's stock.
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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