Diversify Advisory Services LLC Invests $531,000 in OppFi Inc. (NYSE:OPFI)

Diversify Advisory Services LLC bought a new position in OppFi Inc. (NYSE:OPFI - Free Report) during the first quarter, according to the company in its most recent filing with the SEC. The firm bought 56,000 shares of the company's stock, valued at approximately $531,000. Diversify Advisory Services LLC owned 0.06% of OppFi as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Victory Capital Management Inc. boosted its stake in shares of OppFi by 450.8% during the 1st quarter. Victory Capital Management Inc. now owns 202,986 shares of the company's stock worth $1,888,000 after purchasing an additional 166,130 shares during the period. Stratos Wealth Partners LTD. acquired a new stake in shares of OppFi in the first quarter worth $246,000. Bank of New York Mellon Corp grew its position in OppFi by 19.1% during the first quarter. Bank of New York Mellon Corp now owns 40,679 shares of the company's stock valued at $378,000 after buying an additional 6,523 shares during the period. DAVENPORT & Co LLC purchased a new position in OppFi during the first quarter valued at $359,000. Finally, Prosperity Wealth Management Inc. purchased a new position in shares of OppFi in the first quarter worth about $316,000. Institutional investors own 7.10% of the company's stock.

Insider Transactions at OppFi

In other OppFi news, Director Theodore G. Schwartz sold 190,349 shares of the firm's stock in a transaction dated Thursday, June 12th. The stock was sold at an average price of $12.87, for a total transaction of $2,449,791.63. Following the completion of the sale, the director directly owned 199,644 shares in the company, valued at approximately $2,569,418.28. This trade represents a 48.81% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In the last 90 days, insiders have sold 1,352,344 shares of company stock valued at $16,327,534. 72.00% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

OPFI has been the topic of several recent research reports. Stephens initiated coverage on shares of OppFi in a research note on Thursday, June 12th. They issued an "equal weight" rating and a $14.50 price objective on the stock. JMP Securities raised shares of OppFi from a "market perform" rating to a "market outperform" rating and set a $13.50 price target for the company in a research report on Thursday, May 8th. Finally, Citizens Jmp raised shares of OppFi from a "market perform" rating to an "outperform" rating and set a $13.50 target price on the stock in a research report on Thursday, May 8th.

OppFi Stock Performance

Shares of OPFI traded down $0.22 on Tuesday, reaching $11.23. The stock had a trading volume of 555,287 shares, compared to its average volume of 1,023,798. The company has a 50-day simple moving average of $12.90 and a 200-day simple moving average of $11.32. OppFi Inc. has a 12-month low of $3.09 and a 12-month high of $17.73. The firm has a market capitalization of $974.44 million, a price-to-earnings ratio of -30.28 and a beta of 1.73.

OppFi (NYSE:OPFI - Get Free Report) last issued 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. OppFi had a negative net margin of 1.79% and a positive return on equity of 48.24%. The company had revenue of $140.27 million for the quarter, compared to the consensus estimate of $137.71 million. On average, analysts expect that OppFi Inc. will post 0.86 EPS for the current fiscal year.

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.