EAM Investors LLC Makes New $1.40 Million Investment in OppFi Inc. (NYSE:OPFI)

EAM Investors LLC bought a new position in shares of OppFi Inc. (NYSE:OPFI - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 182,108 shares of the company's stock, valued at approximately $1,395,000. EAM Investors LLC owned 0.21% of OppFi at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the business. Renaissance Technologies LLC lifted its position 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 acquiring an additional 284,900 shares during the period. Geode Capital Management LLC raised its stake in OppFi by 2.8% during the 4th quarter. Geode Capital Management LLC now owns 412,361 shares of the company's stock worth $3,160,000 after buying an additional 11,239 shares during the period. Globeflex Capital L P boosted its holdings in OppFi by 191.8% in the fourth quarter. Globeflex Capital L P now owns 187,796 shares of the company's stock worth $1,439,000 after acquiring an additional 123,438 shares in the last quarter. Los Angeles Capital Management LLC grew its stake in OppFi by 97.6% in the fourth quarter. Los Angeles Capital Management LLC now owns 148,344 shares of the company's stock valued at $1,136,000 after acquiring an additional 73,258 shares during the period. Finally, JPMorgan Chase & Co. increased its holdings in shares of OppFi by 272.6% during the fourth quarter. JPMorgan Chase & Co. now owns 136,308 shares of the company's stock valued at $1,044,000 after acquiring an additional 99,723 shares in the last quarter. 7.10% of the stock is owned by institutional investors and hedge funds.

OppFi Stock Up 2.7 %

NYSE OPFI traded up $0.22 on Tuesday, reaching $8.20. The company had a trading volume of 134,557 shares, compared to its average volume of 1,886,419. The stock has a market capitalization of $708.09 million, a P/E ratio of 51.22 and a beta of 1.61. The company's fifty day moving average is $9.67 and its 200 day moving average is $8.76. OppFi Inc. has a 52-week low of $2.56 and a 52-week high of $17.73.

OppFi (NYSE:OPFI - Get Free Report) last issued its quarterly earnings data 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. OppFi had a net margin of 1.40% and a return on equity of 35.04%. The business had revenue of $135.72 million during the quarter, compared to the consensus estimate of $133.50 million. During the same period in the prior year, the firm posted $0.10 EPS. On average, research analysts expect that OppFi Inc. will post 0.86 EPS for the current year.

OppFi Dividend Announcement

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

Insider Activity

In related news, insider Christopher J. Mckay sold 10,377 shares of the company's 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 in the company, valued at approximately $2,233,575. This represents a 4.01 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director David Vennettilli sold 43,238 shares of the firm's stock in a transaction on Friday, March 7th. The stock was sold at an average price of $9.45, for a total value of $408,599.10. Following the completion of the sale, the director now directly owns 90,762 shares of the company's stock, valued at $857,700.90. This represents a 32.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 864,831 shares of company stock valued at $8,091,846 in the last ninety days. 84.00% of the stock is currently owned by insiders.

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.