Diversify Advisory Services LLC Makes New Investment in OppFi Inc. (NYSE:OPFI)

Diversify Advisory Services LLC bought a new stake in shares of OppFi Inc. (NYSE:OPFI - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 56,000 shares of the company's stock, valued at approximately $531,000. Diversify Advisory Services LLC owned approximately 0.06% of OppFi at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the business. Victory Capital Management Inc. grew its stake in shares of OppFi by 450.8% in the first quarter. Victory Capital Management Inc. now owns 202,986 shares of the company's stock worth $1,888,000 after acquiring an additional 166,130 shares during the last quarter. Stratos Wealth Partners LTD. purchased a new stake in shares of OppFi in the first quarter worth $246,000. Bank of New York Mellon Corp grew its stake in shares of OppFi by 19.1% in the first quarter. Bank of New York Mellon Corp now owns 40,679 shares of the company's stock worth $378,000 after acquiring an additional 6,523 shares during the last quarter. DAVENPORT & Co LLC purchased a new stake in shares of OppFi during the first quarter valued at $359,000. Finally, Prosperity Wealth Management Inc. purchased a new stake in shares of OppFi during the first quarter valued at $316,000. Institutional investors own 7.10% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on OPFI. 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. Citizens Jmp raised OppFi from a "market perform" rating to an "outperform" rating and set a $13.50 target price on the stock in a report on Thursday, May 8th. Finally, JMP Securities raised 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.

OppFi Stock Performance

NYSE OPFI traded up $0.18 on Wednesday, reaching $11.46. 303,851 shares of the stock traded hands, compared to its average volume of 1,568,894. The company has a fifty day moving average price of $12.86 and a 200-day moving average price of $11.34. The company has a market cap of $994.73 million, a price-to-earnings ratio of -30.97 and a beta of 1.73. OppFi Inc. has a 12 month low of $3.09 and a 12 month high of $17.73.

OppFi (NYSE:OPFI - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The company reported $0.38 EPS for the quarter, topping the consensus estimate of $0.26 by $0.12. OppFi had a positive return on equity of 48.24% and a negative net margin of 1.79%. The firm had revenue of $140.27 million during the quarter, compared to analyst estimates of $137.71 million. As a group, research analysts anticipate that OppFi Inc. will post 0.86 earnings per share for the current fiscal year.

Insider Transactions at OppFi

In related news, Director Theodore G. Schwartz sold 190,349 shares of the stock in a transaction that occurred on Thursday, June 12th. The stock was 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 owned 199,644 shares of the company's stock, valued at approximately $2,569,418.28. This trade represents a 48.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Gregory T. Zeeman sold 50,000 shares of OppFi stock in a transaction that occurred on Wednesday, June 11th. The stock was sold at an average price of $13.98, for a total value of $699,000.00. Following the transaction, the director owned 149,644 shares in the company, valued at approximately $2,092,023.12. The trade was a 25.04% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,241,187 shares of company stock valued at $15,344,906 in the last ninety days. 72.00% of the stock is currently owned by insiders.

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.