Bosun Asset Management LLC Makes New $509,000 Investment in OppFi Inc. $OPFI

Key Points

• Bosun Asset Management LLC acquired 54,750 shares of OppFi Inc. during the first quarter, valued at roughly $509,000, representing a 0.06% stake in the company.
• OppFi reported quarterly earnings of $0.45 EPS, exceeding expectations of $0.30, with revenues of $142.44 million compared to the forecast of $141.19 million.
• Insider transactions have seen key executives, including the CFO, sell a collective total of 1,055,699 shares worth about $12.9 million over the last quarter.

Bosun Asset Management LLC bought a new stake in shares of OppFi Inc. (NYSE:OPFI - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 54,750 shares of the company's stock, valued at approximately $509,000. Bosun Asset Management LLC owned about 0.06% of OppFi at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of OPFI. Raymond James Financial Inc. bought a new stake in shares of OppFi during the 4th quarter valued at $228,000. Barclays PLC boosted its holdings in OppFi by 5.6% in the 4th quarter. Barclays PLC now owns 44,521 shares of the company's stock worth $341,000 after buying an additional 2,380 shares during the period. Mariner LLC bought a new position in OppFi in the 4th quarter worth $93,000. Dimensional Fund Advisors LP boosted its holdings in OppFi by 64.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 53,320 shares of the company's stock worth $408,000 after buying an additional 20,845 shares during the period. Finally, MetLife Investment Management LLC bought a new position in OppFi in the 4th quarter worth $98,000. Institutional investors own 7.10% of the company's stock.

Analyst Ratings Changes

Several research analysts recently weighed in on OPFI shares. Zacks Research raised shares of OppFi to a "strong-buy" rating in a report on Friday, August 8th. Stephens started coverage on shares of OppFi in a report on Thursday, June 12th. They set an "equal weight" rating and a $14.50 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, OppFi presently has an average rating of "Buy" and an average target price of $13.63.

Insider Buying and Selling at OppFi

In other OppFi news, insider Christopher J. Mckay sold 9,030 shares of the firm's stock in a transaction that occurred on Wednesday, July 2nd. The shares were sold at an average price of $13.41, for a total value of $121,092.30. Following the completion of the sale, the insider directly owned 185,366 shares in the company, valued at $2,485,758.06. This trade represents a 4.65% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Theodore G. Schwartz sold 102,325 shares of the firm's stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $10.80, for a total transaction of $1,105,110.00. Following the completion of the sale, the director owned 199,644 shares of the company's stock, valued at approximately $2,156,155.20. This trade represents a 33.89% decrease in their ownership of the stock. 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 over the last three months. Corporate insiders own 72.00% of the company's stock.

OppFi Price Performance

OPFI stock traded down $0.13 during mid-day trading on Tuesday, reaching $10.35. The company had a trading volume of 307,242 shares, compared to its average volume of 1,482,109. The company has a market capitalization of $903.22 million, a PE ratio of -7.89 and a beta of 1.70. The firm has a 50 day moving average of $11.19 and a 200 day moving average of $10.91. OppFi Inc. has a 12 month low of $3.93 and a 12 month high of $17.73.

OppFi (NYSE:OPFI - Get Free Report) last issued 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. The business had revenue of $142.44 million for the quarter, compared to the consensus estimate of $141.19 million. OppFi had a negative net margin of 6.04% and a positive return on equity of 53.83%. Analysts anticipate that OppFi Inc. will post 0.86 EPS for the current year.

About OppFi

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.