Baader Bank Aktiengesellschaft Acquires Shares of 30,500 OppFi Inc. $OPFI

Key Points

• Baader Bank Aktiengesellschaft has acquired a new position in OppFi Inc., purchasing 30,500 shares valued at approximately $427,000 in the second quarter.
• OppFi reported an earnings per share (EPS) of $0.45, exceeding analysts’ expectations of $0.30, with revenues of $142.44 million for the quarter.
• Insider selling activity includes a sale of 9,030 shares by Christopher J. Mckay, with insiders owning 72.00% of OppFi's stock as of the latest report.

Baader Bank Aktiengesellschaft purchased a new stake in OppFi Inc. (NYSE:OPFI - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 30,500 shares of the company's stock, valued at approximately $427,000.

Other large investors have also recently bought and sold shares of the company. Quarry LP acquired a new position in OppFi during the first quarter valued at $27,000. Strategic Investment Solutions Inc. IL raised its position in OppFi by 65.5% during the first quarter. Strategic Investment Solutions Inc. IL now owns 3,227 shares of the company's stock valued at $30,000 after buying an additional 1,277 shares during the period. GAMMA Investing LLC raised its position in OppFi by 2,488.9% during the first quarter. GAMMA Investing LLC now owns 5,152 shares of the company's stock valued at $48,000 after buying an additional 4,953 shares during the period. Quantbot Technologies LP raised its position in OppFi by 393.4% during the first quarter. Quantbot Technologies LP now owns 7,169 shares of the company's stock valued at $67,000 after buying an additional 5,716 shares during the period. Finally, AlphaQuest LLC acquired a new position in OppFi during the first quarter valued at $95,000. 7.10% of the stock is owned by institutional investors and hedge funds.

OppFi Price Performance

Shares of OppFi stock traded down $0.31 during midday trading on Friday, hitting $11.78. 1,314,779 shares of the company were exchanged, compared to its average volume of 902,263. The firm has a market cap of $1.03 billion, a P/E ratio of -8.99 and a beta of 1.70. OppFi Inc. has a 52 week low of $4.32 and a 52 week high of $17.73. The firm has a 50 day simple moving average of $10.76 and a 200-day simple moving average of $10.96.

OppFi (NYSE:OPFI - Get Free Report) last posted its earnings results on Wednesday, August 6th. The company reported $0.45 EPS for the quarter, topping the consensus estimate of $0.30 by $0.15. The business had revenue of $142.44 million during the quarter, compared to the consensus estimate of $141.19 million. OppFi had a positive return on equity of 53.83% and a negative net margin of 6.04%. Equities research analysts expect that OppFi Inc. will post 0.86 earnings per share for the current year.

Insider Activity at OppFi

In related news, Director Theodore G. Schwartz sold 128,188 shares of OppFi stock in a transaction dated Monday, July 14th. The shares were sold at an average price of $12.05, for a total transaction of $1,544,665.40. Following the completion of the transaction, the director directly owned 199,644 shares of the company's stock, valued at $2,405,710.20. This trade represents a 39.10% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Pamela D. Johnson sold 5,495 shares of OppFi stock in a transaction dated Wednesday, July 2nd. The shares were sold at an average price of $13.41, for a total transaction of $73,687.95. Following the transaction, the chief financial officer directly owned 164,570 shares of the company's stock, valued at $2,206,883.70. This represents a 3.23% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 469,809 shares of company stock valued at $5,532,354 in the last ninety days. Insiders own 72.00% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. Zacks Research raised OppFi to a "strong-buy" rating in a research report on Friday, August 8th. Stephens initiated coverage on OppFi in a research note on Thursday, June 12th. They issued an "equal weight" rating and a $14.50 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Buy" and an average target price of $13.63.

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.