55,440 Shares in OppFi Inc. $OPFI Acquired by Townsquare Capital LLC

Key Points

• Townsquare Capital LLC acquired 55,440 shares of OppFi Inc., totaling approximately $516,000, representing 0.06% ownership of the company.
• In recent months, various hedge funds, including NewEdge Advisors LLC and Barclays PLC, have adjusted their stakes in OppFi, indicating growing institutional interest.
• OppFi's stock has received positive ratings from analysts, with a current average target price of $13.63 and several upgrades in ratings, including from JMP Securities to "market outperform."

Townsquare Capital LLC purchased a new position in shares of OppFi Inc. (NYSE:OPFI - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 55,440 shares of the company's stock, valued at approximately $516,000. Townsquare Capital LLC owned approximately 0.06% of OppFi as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. Wolverine Asset Management LLC raised its holdings in OppFi by 13.7% during the first quarter. Wolverine Asset Management LLC now owns 15,301 shares of the company's stock worth $142,000 after purchasing an additional 1,845 shares in the last quarter. Thoroughbred Financial Services LLC purchased a new position in OppFi during the first quarter worth about $131,000. Strategic Investment Solutions Inc. IL raised its holdings in OppFi by 65.5% during the first quarter. Strategic Investment Solutions Inc. IL now owns 3,227 shares of the company's stock worth $30,000 after purchasing an additional 1,277 shares in the last quarter. XTX Topco Ltd raised its holdings in OppFi by 53.8% during the first quarter. XTX Topco Ltd now owns 33,028 shares of the company's stock worth $307,000 after purchasing an additional 11,552 shares in the last quarter. Finally, LPL Financial LLC increased its holdings in OppFi by 7.2% in the first quarter. LPL Financial LLC now owns 191,948 shares of the company's stock valued at $1,785,000 after buying an additional 12,943 shares in the last quarter. 7.10% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Theodore G. Schwartz sold 102,325 shares of the stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $10.80, for a total value of $1,105,110.00. Following the sale, the director directly owned 199,644 shares in the company, valued at $2,156,155.20. This represents a 33.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Pamela D. Johnson sold 5,495 shares of the firm's stock in a transaction that occurred on Wednesday, July 2nd. The stock was sold at an average price of $13.41, for a total transaction of $73,687.95. Following the sale, the chief financial officer owned 164,570 shares in the company, valued at approximately $2,206,883.70. This trade represents a 3.23% decrease in their position. 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 currently owned by insiders.

Analysts Set New Price Targets

A number of research analysts have issued reports on OPFI shares. Citizens Jmp raised shares of OppFi from a "market perform" rating to an "outperform" rating and set a $13.50 target price for the company in a report on Thursday, May 8th. 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 issued an "equal weight" rating and a $14.50 target price for the company. Finally, JMP Securities raised shares of OppFi from a "market perform" rating to a "market outperform" rating and set a $13.50 target price for the company in a report on Thursday, May 8th. One equities research 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 company's stock. According to MarketBeat.com, OppFi has an average rating of "Buy" and an average target price of $13.63.

OppFi Trading Up 0.8%

Shares of OPFI stock traded up $0.0760 during trading hours on Thursday, hitting $9.6560. The company's stock had a trading volume of 742,175 shares, compared to its average volume of 1,245,555. The business has a fifty day moving average of $11.93 and a 200-day moving average of $11.25. The stock has a market cap of $843.07 million, a price-to-earnings ratio of -7.37 and a beta of 1.71. OppFi Inc. has a twelve month low of $3.93 and a twelve month high of $17.73.

OppFi (NYSE:OPFI - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The company reported $0.45 EPS for the quarter, beating the consensus estimate of $0.30 by $0.15. The business had revenue of $142.44 million for the quarter, compared to analyst estimates of $141.19 million. OppFi had a negative net margin of 6.04% and a positive return on equity of 53.83%. On average, equities analysts expect that OppFi Inc. will post 0.86 EPS for the current fiscal 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.