DAVENPORT & Co LLC purchased a new stake in OppFi Inc. (NYSE:OPFI - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 39,776 shares of the company's stock, valued at approximately $359,000.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Prosperity Wealth Management Inc. bought a new position in OppFi during the first quarter worth about $316,000. Tcfg Wealth Management LLC acquired a new stake in shares of OppFi in the first quarter valued at approximately $106,000. NorthCrest Asset Manangement LLC acquired a new stake in OppFi during the 1st quarter worth $208,000. Rhumbline Advisers grew its holdings in OppFi by 23.3% during the 1st quarter. Rhumbline Advisers now owns 19,362 shares of the company's stock worth $180,000 after acquiring an additional 3,662 shares during the period. Finally, GAMMA Investing LLC grew its holdings in OppFi by 2,488.9% during the 1st quarter. GAMMA Investing LLC now owns 5,152 shares of the company's stock worth $48,000 after acquiring an additional 4,953 shares during the period. 7.10% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
A number of equities analysts have recently weighed in on OPFI shares. Citizens Jmp raised shares of 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. Stephens started coverage on shares of OppFi in a research report on Thursday, June 12th. They set an "equal weight" rating and a $14.50 price target on the stock. Finally, 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.
View Our Latest Stock Report on OppFi
Insider Buying and Selling at OppFi
In other news, insider Christopher J. Mckay sold 9,030 shares of the business's stock in a transaction dated Wednesday, July 2nd. The shares were sold at an average price of $13.41, for a total transaction of $121,092.30. Following the transaction, the insider directly owned 185,366 shares in the company, valued at $2,485,758.06. The trade was a 4.65% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Theodore G. Schwartz sold 122,531 shares of the business's stock in a transaction dated Tuesday, June 17th. The stock was sold at an average price of $11.81, for a total transaction of $1,447,091.11. Following the transaction, the director owned 199,644 shares in the company, valued at $2,357,795.64. This represents a 38.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,299,287 shares of company stock valued at $14,852,002. Corporate insiders own 72.00% of the company's stock.
OppFi Stock Down 3.9%
OPFI traded down $0.55 during trading on Wednesday, hitting $13.70. The company had a trading volume of 869,231 shares, compared to its average volume of 993,474. The company has a market capitalization of $1.19 billion, a PE ratio of -37.03 and a beta of 1.73. OppFi Inc. has a one year low of $3.09 and a one year high of $17.73. The firm's 50-day moving average price is $12.59 and its 200 day moving average price is $11.04.
OppFi (NYSE:OPFI - Get Free Report) last posted its quarterly earnings data 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 for the quarter, compared to analysts' expectations of $137.71 million. OppFi had a negative net margin of 1.79% and a positive return on equity of 48.24%. Sell-side analysts forecast that OppFi Inc. will post 0.86 earnings per share for the current year.
OppFi Company Profile
(
Free Report)
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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