OppFi Inc. (NYSE:OPFI) Shares Bought by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership lifted its position in shares of OppFi Inc. (NYSE:OPFI - Free Report) by 153.7% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 90,865 shares of the company's stock after purchasing an additional 55,056 shares during the quarter. Arrowstreet Capital Limited Partnership owned about 0.11% of OppFi worth $696,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Jane Street Group LLC lifted its holdings in shares of OppFi by 28.9% during the third quarter. Jane Street Group LLC now owns 25,842 shares of the company's stock valued at $122,000 after purchasing an additional 5,795 shares during the last quarter. XTX Topco Ltd bought a new stake in OppFi in the third quarter worth $136,000. JPMorgan Chase & Co. grew its stake in shares of OppFi by 271.7% in the third quarter. JPMorgan Chase & Co. now owns 36,585 shares of the company's stock worth $173,000 after acquiring an additional 26,742 shares during the last quarter. Baader Bank Aktiengesellschaft bought a new position in shares of OppFi during the fourth quarter valued at $195,000. Finally, Barclays PLC raised its position in shares of OppFi by 95.9% in the 3rd quarter. Barclays PLC now owns 42,141 shares of the company's stock worth $199,000 after purchasing an additional 20,630 shares during the last quarter. 7.10% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Insider Activity

In related news, insider Christopher J. Mckay sold 10,377 shares of the stock in a transaction that occurred on Thursday, April 3rd. The stock was sold at an average price of $9.00, for a total value of $93,393.00. Following the transaction, the insider now owns 248,175 shares of the company's stock, valued at $2,233,575. This represents a 4.01 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Theodore G. Schwartz sold 165,174 shares of the stock in a transaction on Monday, March 24th. The stock was sold at an average price of $10.58, for a total value of $1,747,540.92. Following the transaction, the director now directly owns 186,737 shares in the company, valued at $1,975,677.46. The trade was a 46.94 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 829,890 shares of company stock valued at $7,802,185 in the last ninety days. Insiders own 84.00% of the company's stock.

OppFi Stock Down 0.5 %

OPFI stock traded down $0.04 during mid-day trading on Thursday, hitting $8.31. The company had a trading volume of 91,338 shares, compared to its average volume of 773,110. The company has a 50-day moving average price of $10.07 and a 200 day moving average price of $8.63. 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 $717.68 million, a price-to-earnings ratio of 52.06 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, 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 company had revenue of $135.72 million for the quarter, compared to the consensus estimate of $133.50 million. During the same quarter in the prior year, the firm earned $0.10 earnings per share. As a group, analysts expect that OppFi Inc. will post 0.86 EPS for the current year.

OppFi Dividend Announcement

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

OppFi Company 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.