Credit Agricole S A Purchases Shares of 62,189 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 position in shares of OppFi Inc. (NYSE:OPFI - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 62,189 shares of the company's stock, valued at approximately $578,000. Credit Agricole S A owned 0.07% of OppFi at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Strategic Investment Solutions Inc. IL raised its holdings in shares of 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 acquiring an additional 1,277 shares during the period. GAMMA Investing LLC raised its stake in OppFi by 2,488.9% during the 1st quarter. GAMMA Investing LLC now owns 5,152 shares of the company's stock valued at $48,000 after purchasing an additional 4,953 shares during the period. Ancora Advisors LLC acquired a new stake in OppFi during the 4th quarter valued at $65,000. Quantbot Technologies LP raised its stake in OppFi by 393.4% during the 1st quarter. Quantbot Technologies LP now owns 7,169 shares of the company's stock valued at $67,000 after purchasing an additional 5,716 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in OppFi by 8.7% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,801 shares of the company's stock valued at $83,000 after purchasing an additional 866 shares during the period. Institutional investors and hedge funds own 7.10% of the company's stock.

Insider Buying and Selling at OppFi

In related news, Director Gregory T. Zeeman sold 50,000 shares of the firm's stock in a transaction on Wednesday, June 11th. The shares were sold at an average price of $13.98, for a total value of $699,000.00. Following the transaction, the director directly owned 149,644 shares in the company, valued at approximately $2,092,023.12. This trade represents a 25.04% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Theodore G. Schwartz sold 190,349 shares of the firm's stock in a transaction that occurred on Thursday, June 12th. The shares were sold at an average price of $12.87, for a total value of $2,449,791.63. Following the completion of the sale, the director directly owned 199,644 shares in the company, valued at $2,569,418.28. This trade represents a 48.81% 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. Insiders own 72.00% of the company's stock.

OppFi Trading Up 0.2%

OPFI stock traded up $0.02 during mid-day trading on Friday, hitting $10.18. The stock had a trading volume of 703,659 shares, compared to its average volume of 1,274,012. The company has a fifty day moving average of $11.66 and a 200 day moving average of $10.98. OppFi Inc. has a 1-year low of $3.93 and a 1-year high of $17.73. The stock has a market capitalization of $889.08 million, a price-to-earnings ratio of -7.77 and a beta of 1.70.

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. OppFi had a negative net margin of 6.04% and a positive return on equity of 53.83%. The firm had revenue of $142.44 million for the quarter, compared to the consensus estimate of $141.19 million. As a group, sell-side analysts expect that OppFi Inc. will post 0.86 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts recently weighed in on OPFI shares. Citizens Jmp raised OppFi from a "market perform" rating to an "outperform" rating and set a $13.50 price target on the stock in a research report on Thursday, May 8th. JMP Securities upgraded OppFi from a "market perform" rating to a "market outperform" rating and set a $13.50 target price on the stock in a report on Thursday, May 8th. Stephens began coverage on OppFi in a report on Thursday, June 12th. They issued an "equal weight" rating and a $14.50 target price on the stock. Finally, Zacks Research upgraded OppFi to a "strong-buy" rating in a report on Friday, August 8th. One equities research 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. According to data from MarketBeat.com, OppFi has a consensus rating of "Buy" and a consensus 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.