116,040 Shares in OppFi Inc. $OPFI Purchased by Nuveen LLC

Nuveen LLC acquired a new position in OppFi Inc. (NYSE:OPFI - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 116,040 shares of the company's stock, valued at approximately $1,079,000. Nuveen LLC owned 0.13% of OppFi as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in OPFI. Bank of America Corp DE raised its stake in OppFi by 1,745.7% during the 4th quarter. Bank of America Corp DE now owns 206,317 shares of the company's stock valued at $1,580,000 after purchasing an additional 195,139 shares during the period. Victory Capital Management Inc. raised its stake in OppFi by 450.8% during the 1st quarter. Victory Capital Management Inc. now owns 202,986 shares of the company's stock valued at $1,888,000 after purchasing an additional 166,130 shares during the period. Two Sigma Advisers LP raised its stake in OppFi by 27.9% during the 4th quarter. Two Sigma Advisers LP now owns 429,100 shares of the company's stock valued at $3,287,000 after purchasing an additional 93,700 shares during the period. Wolverine Trading LLC bought a new stake in OppFi during the 4th quarter valued at approximately $630,000. Finally, Two Sigma Investments LP raised its stake in OppFi by 19.8% during the 4th 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. Institutional investors own 7.10% of the company's stock.

Insider Activity at OppFi

In related news, CFO Pamela D. Johnson sold 35,890 shares of the business's stock in a transaction on Wednesday, June 11th. The stock was sold at an average price of $13.97, for a total transaction of $501,383.30. Following the completion of the transaction, the chief financial officer owned 173,018 shares in the company, valued at $2,417,061.46. The trade was a 17.18% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Theodore G. Schwartz sold 190,349 shares of the business's stock in a transaction on Thursday, June 12th. The shares were sold at an average price of $12.87, for a total value of $2,449,791.63. Following the transaction, the director owned 199,644 shares of the company's stock, valued at approximately $2,569,418.28. The trade was a 48.81% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,055,699 shares of company stock worth $12,935,298 in the last quarter. 72.00% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on OPFI shares. Citizens Jmp raised OppFi from a "market perform" rating to an "outperform" rating and set a $13.50 target price on the stock in a research note on Thursday, May 8th. JMP Securities raised OppFi from a "market perform" rating to a "market outperform" rating and set a $13.50 target price on the stock in a research note on Thursday, May 8th. Zacks Research raised OppFi to a "strong-buy" rating in a research note on Friday, August 8th. Finally, Stephens started coverage on OppFi in a research note on Thursday, June 12th. They issued an "equal weight" rating and a $14.50 price objective on the stock. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus price target of $13.63.

OppFi Price Performance

Shares of OppFi stock traded down $0.15 on Wednesday, reaching $10.14. The company had a trading volume of 1,408,298 shares, compared to its average volume of 1,202,957. The firm has a market cap of $885.50 million, a price-to-earnings ratio of -7.74 and a beta of 1.70. The firm's 50-day moving average price is $11.43 and its two-hundred day moving average price is $10.95. OppFi Inc. has a 1 year low of $3.93 and a 1 year high of $17.73.

OppFi (NYSE:OPFI - Get Free Report) last announced its earnings results on Wednesday, August 6th. The company reported $0.45 EPS for the quarter, topping analysts' consensus estimates of $0.30 by $0.15. OppFi had a positive return on equity of 53.83% and a negative net margin of 6.04%.The firm had revenue of $142.44 million during the quarter, compared to analysts' expectations of $141.19 million. As a group, analysts anticipate that OppFi Inc. will post 0.86 EPS for the current year.

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.