Algert Global LLC Takes $296,000 Position in OppFi Inc. (NYSE:OPFI)

Algert Global LLC bought a new stake in shares of OppFi Inc. (NYSE:OPFI - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 38,650 shares of the company's stock, valued at approximately $296,000.

Other institutional investors also recently bought and sold shares of the company. Ancora Advisors LLC purchased a new stake in OppFi during the 4th quarter valued at about $65,000. Mariner LLC purchased a new stake in OppFi during the 4th quarter valued at about $93,000. MetLife Investment Management LLC purchased a new stake in OppFi during the 4th quarter valued at about $98,000. Jane Street Group LLC boosted its holdings in OppFi by 28.9% during the 3rd quarter. Jane Street Group LLC now owns 25,842 shares of the company's stock valued at $122,000 after acquiring an additional 5,795 shares during the period. Finally, NewEdge Advisors LLC boosted its holdings in OppFi by 4.7% during the 4th quarter. NewEdge Advisors LLC now owns 18,328 shares of the company's stock valued at $140,000 after acquiring an additional 831 shares during the period. 7.10% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

OPFI has been the subject of a number of recent analyst reports. Citizens Jmp raised OppFi from a "market perform" rating to an "outperform" rating and set a $13.50 price target for the company in a research report on Thursday, May 8th. Northland Securities set a $13.00 target price on OppFi in a research report on Thursday, March 6th. Finally, JMP Securities raised OppFi from a "market perform" rating to a "market outperform" rating and set a $13.50 target price for the company in a research report on Thursday, May 8th.

Insider Buying and Selling

In other news, insider Christopher J. Mckay sold 10,377 shares of OppFi stock in a transaction dated Monday, April 7th. The stock was sold at an average price of $7.54, for a total value of $78,242.58. Following the sale, the insider now directly owns 227,421 shares of the company's stock, valued at approximately $1,714,754.34. The trade was a 4.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Theodore G. Schwartz sold 114,475 shares of OppFi stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $12.25, for a total value of $1,402,318.75. Following the completion of the transaction, the director now owns 186,737 shares of the company's stock, valued at approximately $2,287,528.25. This represents a 38.00% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,417,656 shares of company stock valued at $14,134,092. 72.00% of the stock is owned by company insiders.

OppFi Stock Performance

Shares of OPFI stock traded up $0.42 on Friday, reaching $11.81. The stock had a trading volume of 757,784 shares, compared to its average volume of 844,756. The stock has a market cap of $1.02 billion, a P/E ratio of 73.79 and a beta of 1.61. OppFi Inc. has a 1 year low of $2.92 and a 1 year high of $17.73. The company has a 50 day simple moving average of $9.52 and a 200 day simple moving average of $9.47.

OppFi (NYSE:OPFI - Get Free Report) last announced its earnings results on Wednesday, May 7th. The company reported $0.38 EPS for the quarter, topping analysts' consensus estimates of $0.26 by $0.12. OppFi had a return on equity of 35.04% and a net margin of 1.40%. The company had revenue of $140.27 million for the quarter, compared to analysts' expectations of $137.71 million. On average, equities research analysts anticipate that OppFi Inc. will post 0.86 earnings per share for the current fiscal year.

OppFi Dividend Announcement

The business also recently announced a special dividend, which was paid on Friday, April 18th. Investors of record on Tuesday, April 8th were issued a $0.25 dividend. The ex-dividend date was Tuesday, April 8th.

OppFi Profile

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.