BNP Paribas Financial Markets Takes Position in OppFi Inc. (NYSE:OPFI)

BNP Paribas Financial Markets purchased a new position in shares of OppFi Inc. (NYSE:OPFI - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 65,163 shares of the company's stock, valued at approximately $499,000. BNP Paribas Financial Markets owned 0.08% of OppFi at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the stock. Marshall Wace LLP raised its stake in shares of OppFi by 249.2% during the 4th quarter. Marshall Wace LLP now owns 617,366 shares of the company's stock worth $4,729,000 after purchasing an additional 440,582 shares in the last quarter. Renaissance Technologies LLC increased its position in shares of OppFi by 52.6% in the fourth quarter. Renaissance Technologies LLC now owns 826,115 shares of the company's stock worth $6,328,000 after purchasing an additional 284,900 shares during the period. Tudor Investment Corp ET AL raised its position in shares of OppFi by 310.7% in the 4th quarter. Tudor Investment Corp ET AL now owns 276,331 shares of the company's stock valued at $2,117,000 after buying an additional 209,045 shares in the last quarter. EAM Investors LLC acquired a new position in OppFi during the fourth quarter valued at approximately $1,395,000. Finally, Globeflex Capital L P raised its stake in OppFi by 191.8% during the fourth quarter. Globeflex Capital L P now owns 187,796 shares of the company's stock worth $1,439,000 after acquiring an additional 123,438 shares in the last quarter. Institutional investors own 7.10% of the company's stock.

OppFi Trading Up 8.6%

Shares of NYSE:OPFI traded up $1.03 on Tuesday, reaching $13.01. 2,383,062 shares of the company traded hands, compared to its average volume of 862,146. The stock has a market capitalization of $1.13 billion, a P/E ratio of 81.32 and a beta of 1.61. OppFi Inc. has a 52 week low of $3.05 and a 52 week high of $17.73. The business's 50-day simple moving average is $9.83 and its 200 day simple moving average is $9.74.

OppFi (NYSE:OPFI - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The company reported $0.38 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.26 by $0.12. The business had revenue of $140.27 million during the quarter, compared to the consensus estimate of $137.71 million. OppFi had a return on equity of 35.04% and a net margin of 1.40%. Sell-side analysts expect that OppFi Inc. will post 0.86 EPS for the current fiscal year.

OppFi Dividend Announcement

The firm also recently declared a special dividend, which was paid on Friday, April 18th. Stockholders of record on Tuesday, April 8th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Tuesday, April 8th.

Insiders Place Their Bets

In related news, Director Theodore G. Schwartz sold 185,086 shares of the firm's stock in a transaction that occurred on Thursday, May 15th. The stock was sold at an average price of $11.59, for a total transaction of $2,145,146.74. Following the completion of the sale, the director now directly owns 186,737 shares of the company's stock, valued at approximately $2,164,281.83. This trade represents a 49.78% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director David Vennettilli sold 30,762 shares of the business's stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $9.09, for a total value of $279,626.58. Following the completion of the transaction, the director now directly owns 90,762 shares of the company's stock, valued at approximately $825,026.58. The trade was a 25.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,417,656 shares of company stock worth $14,134,092. Company insiders own 72.00% of the company's stock.

Wall Street Analysts Forecast Growth

OPFI has been the subject of a number of recent research reports. Citizens Jmp upgraded OppFi from a "market perform" rating to an "outperform" rating and set a $13.50 price objective for the company in a report on Thursday, May 8th. Northland Securities set a $13.00 price objective on OppFi in a research note on Thursday, March 6th. Finally, JMP Securities upgraded OppFi from a "market perform" rating to a "market outperform" rating and set a $13.50 price target for the company in a research note on Thursday, May 8th.

OppFi 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.