BNP Paribas Financial Markets Makes New Investment in OppFi Inc. (NYSE:OPFI)

BNP Paribas Financial Markets acquired a new stake in OppFi Inc. (NYSE:OPFI - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 65,163 shares of the company's stock, valued at approximately $499,000. BNP Paribas Financial Markets owned about 0.08% of OppFi at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the business. Ameriprise Financial Inc. grew its stake in OppFi by 7.1% during the 4th quarter. Ameriprise Financial Inc. now owns 209,680 shares of the company's stock valued at $1,606,000 after purchasing an additional 13,862 shares in the last quarter. Algert Global LLC acquired a new stake in shares of OppFi during the fourth quarter worth approximately $296,000. Ancora Advisors LLC acquired a new stake in shares of OppFi during the fourth quarter worth approximately $65,000. Northern Trust Corp increased its stake in shares of OppFi by 23.1% in the fourth quarter. Northern Trust Corp now owns 155,282 shares of the company's stock worth $1,189,000 after buying an additional 29,171 shares during the last quarter. Finally, Tudor Investment Corp ET AL raised its holdings in OppFi by 310.7% in the fourth quarter. Tudor Investment Corp ET AL now owns 276,331 shares of the company's stock valued at $2,117,000 after acquiring an additional 209,045 shares in the last quarter. 7.10% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at OppFi

In other news, insider Christopher J. Mckay sold 10,377 shares of the business's stock in a transaction on Thursday, April 3rd. The shares were sold at an average price of $9.00, for a total transaction of $93,393.00. Following the completion of the transaction, the insider now owns 248,175 shares of the company's stock, valued at approximately $2,233,575. The trade was a 4.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Theodore G. Schwartz sold 185,086 shares of the stock in a transaction dated 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 in the company, valued at approximately $2,164,281.83. This trade represents a 49.78% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,417,656 shares of company stock worth $14,134,092. 72.00% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on OPFI. Citizens Jmp raised shares of 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. JMP Securities raised shares of OppFi from a "market perform" rating to a "market outperform" rating and set a $13.50 price target on the stock in a research report on Thursday, May 8th. Finally, Northland Securities set a $13.00 price target on OppFi in a research note on Thursday, March 6th.

OppFi Trading Down 2.2%

OppFi stock traded down $0.29 during mid-day trading on Thursday, reaching $12.92. The company's stock had a trading volume of 1,250,702 shares, compared to its average volume of 872,067. OppFi Inc. has a twelve month low of $3.05 and a twelve month high of $17.73. The business has a 50 day moving average price of $10.00 and a 200-day moving average price of $9.82. The firm has a market cap of $1.12 billion, a price-to-earnings ratio of 80.76 and a beta of 1.61.

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

OppFi Dividend Announcement

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

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.