Nuveen LLC acquired a new stake in shares of OppFi Inc. (NYSE:OPFI - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 116,040 shares of the company's stock, valued at approximately $1,079,000. Nuveen LLC owned about 0.13% of OppFi at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Two Sigma Investments LP increased its stake in shares of 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 acquiring an additional 73,905 shares during the last quarter. Two Sigma Advisers LP grew its holdings in shares of OppFi by 27.9% during the 4th 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 during the period. Ameriprise Financial Inc. grew its holdings in shares of OppFi by 7.1% during the 4th quarter. Ameriprise Financial Inc. now owns 209,680 shares of the company's stock worth $1,606,000 after purchasing an additional 13,862 shares during the period. Bank of America Corp DE grew its holdings in shares of OppFi by 1,745.7% during the 4th quarter. Bank of America Corp DE now owns 206,317 shares of the company's stock worth $1,580,000 after purchasing an additional 195,139 shares during the period. Finally, Victory Capital Management Inc. grew its holdings in shares of OppFi by 450.8% during the 1st quarter. Victory Capital Management Inc. now owns 202,986 shares of the company's stock worth $1,888,000 after purchasing an additional 166,130 shares during the period. Institutional investors and hedge funds own 7.10% of the company's stock.
Insider Buying and Selling
In related news, Director Theodore G. Schwartz sold 190,349 shares of the firm's stock in a transaction on Thursday, June 12th. The stock was sold at an average price of $12.87, for a total transaction of $2,449,791.63. Following the transaction, the director directly owned 199,644 shares in the company, valued at $2,569,418.28. This trade represents a 48.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Pamela D. Johnson sold 35,890 shares of the firm's stock in a transaction on Wednesday, June 11th. The stock was sold at an average price of $13.97, for a total value of $501,383.30. Following the transaction, the chief financial officer owned 173,018 shares in the company, valued at $2,417,061.46. This trade represents a 17.18% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,055,699 shares of company stock worth $12,935,298 over the last ninety days. 72.00% of the stock is owned by insiders.
Wall Street Analyst Weigh In
OPFI has been the subject of a number of research reports. Zacks Research upgraded OppFi to a "strong-buy" rating in a report on Friday, August 8th. Stephens assumed coverage on OppFi in a report on Thursday, June 12th. They set an "equal weight" rating and a $14.50 target price for the company. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Buy" and an average price target of $13.63.
Check Out Our Latest Analysis on OppFi
OppFi Price Performance
OPFI traded down $0.03 during trading hours on Friday, hitting $10.43. 558,749 shares of the stock were exchanged, compared to its average volume of 1,048,736. The stock has a 50-day simple moving average of $11.26 and a 200-day simple moving average of $10.91. OppFi Inc. has a 12 month low of $3.93 and a 12 month high of $17.73. The stock has a market cap of $910.21 million, a price-to-earnings ratio of -7.96 and a beta of 1.70.
OppFi (NYSE:OPFI - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The company reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts' expectations of $141.19 million. Sell-side analysts expect that OppFi Inc. will post 0.86 EPS for the current year.
About OppFi
(
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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