Credit Agricole S A Takes $578,000 Position in OppFi Inc. $OPFI

Key Points

• Credit Agricole S A has acquired a new position in OppFi Inc., investing approximately $578,000 for 62,189 shares, representing about 0.07% of the company's stock.
• Recent insider trading activity includes CFO Pamela D. Johnson selling 5,495 shares and Director Theodore G. Schwartz selling 102,325 shares, indicating a significant decrease in their holdings.
• OppFi reported earnings of $0.45 per share, surpassing analysts' expectations of $0.30, while the company projects a 0.86 EPS for the current fiscal year.

Credit Agricole S A acquired a new stake in shares of OppFi Inc. (NYSE:OPFI - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 62,189 shares of the company's stock, valued at approximately $578,000. Credit Agricole S A owned about 0.07% of OppFi at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. NewEdge Advisors LLC raised its stake in OppFi by 4.7% in the fourth quarter. NewEdge Advisors LLC now owns 18,328 shares of the company's stock worth $140,000 after buying an additional 831 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in OppFi by 8.7% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,801 shares of the company's stock worth $83,000 after buying an additional 866 shares in the last quarter. Strategic Investment Solutions Inc. IL raised its stake in OppFi by 65.5% in the first quarter. Strategic Investment Solutions Inc. IL now owns 3,227 shares of the company's stock worth $30,000 after buying an additional 1,277 shares in the last quarter. Wolverine Asset Management LLC raised its stake in OppFi by 13.7% in the first quarter. Wolverine Asset Management LLC now owns 15,301 shares of the company's stock worth $142,000 after buying an additional 1,845 shares in the last quarter. Finally, Barclays PLC raised its stake in OppFi by 5.6% in the fourth quarter. Barclays PLC now owns 44,521 shares of the company's stock worth $341,000 after buying an additional 2,380 shares in the last quarter. 7.10% of the stock is owned by institutional investors.

Insider Activity

In other news, CFO Pamela D. Johnson sold 5,495 shares of the stock in a transaction that occurred on Wednesday, July 2nd. The shares were 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 $2,206,883.70. This represents a 3.23% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, 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 transaction of $1,105,110.00. Following the sale, the director owned 199,644 shares in the company, valued at approximately $2,156,155.20. The trade was a 33.89% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,055,699 shares of company stock worth $12,935,298 over the last 90 days. 72.00% of the stock is currently owned by insiders.

OppFi Stock Performance

Shares of NYSE OPFI opened at $10.00 on Tuesday. OppFi Inc. has a fifty-two week low of $3.93 and a fifty-two week high of $17.73. The company has a 50 day simple moving average of $11.84 and a two-hundred day simple moving average of $11.10. The company has a market capitalization of $873.10 million, a price-to-earnings ratio of -7.63 and a beta of 1.71.

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

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. Citizens Jmp raised shares of OppFi from a "market perform" rating to an "outperform" rating and set a $13.50 price target for the company in a research note on Thursday, May 8th. Stephens assumed coverage on shares of OppFi in a research note on Thursday, June 12th. They issued an "equal weight" rating and a $14.50 price target for the company. Zacks Research raised shares of OppFi to a "strong-buy" rating in a research note on Friday, August 8th. 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 research note on Thursday, May 8th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, OppFi currently has a consensus rating of "Buy" and an average price target of $13.63.

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.

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