OppFi Inc. $OPFI Shares Purchased by Jump Financial LLC

Key Points

• Jump Financial LLC increased its stake in OppFi Inc. by 116.4%, owning approximately 0.23% of the company after acquiring 105,123 additional shares.
• OppFi reported an earnings per share (EPS) of $0.45, exceeding analysts' expectations of $0.30, alongside revenue of $142.44 million.
• Currently, OppFi has received a consensus rating of "Buy" from analysts, with a price target set at $13.63.

Jump Financial LLC increased its stake in shares of OppFi Inc. (NYSE:OPFI - Free Report) by 116.4% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 195,417 shares of the company's stock after purchasing an additional 105,123 shares during the period. Jump Financial LLC owned approximately 0.23% of OppFi worth $1,817,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Strategic Investment Solutions Inc. IL increased its position in shares of OppFi by 65.5% during the 1st quarter. Strategic Investment Solutions Inc. IL now owns 3,227 shares of the company's stock valued at $30,000 after purchasing an additional 1,277 shares during the last quarter. GAMMA Investing LLC lifted its holdings in OppFi by 2,488.9% in the 1st quarter. GAMMA Investing LLC now owns 5,152 shares of the company's stock worth $48,000 after purchasing an additional 4,953 shares in the last quarter. Quantbot Technologies LP increased its holdings in OppFi by 393.4% in the 1st quarter. Quantbot Technologies LP now owns 7,169 shares of the company's stock valued at $67,000 after acquiring an additional 5,716 shares during the last quarter. Ancora Advisors LLC bought a new position in OppFi during the fourth quarter valued at approximately $65,000. Finally, AlphaQuest LLC bought a new position in OppFi during the first quarter valued at $95,000. Hedge funds and other institutional investors own 7.10% of the company's stock.

OppFi Stock Up 0.4%

Shares of NYSE:OPFI traded up $0.04 during trading on Tuesday, hitting $10.25. 780,749 shares of the stock traded hands, compared to its average volume of 1,202,957. The company has a fifty day moving average price of $11.52 and a two-hundred day moving average price of $10.95. The company has a market cap of $894.93 million, a price-to-earnings ratio of -7.82 and a beta of 1.70. OppFi Inc. has a 52-week low of $3.93 and a 52-week high of $17.73.

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

Insider Activity at OppFi

In related news, CFO Pamela D. Johnson sold 5,495 shares of the business's stock in a transaction on Wednesday, July 2nd. The shares were sold at an average price of $13.41, for a total value of $73,687.95. Following the completion of the sale, the chief financial officer owned 164,570 shares of the company's stock, valued at approximately $2,206,883.70. The trade was a 3.23% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Theodore G. Schwartz sold 102,325 shares of the stock in a transaction 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 transaction, the director directly owned 199,644 shares in the company, valued at approximately $2,156,155.20. The trade was a 33.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,055,699 shares of company stock valued at $12,935,298. 72.00% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on OPFI. Zacks Research upgraded OppFi to a "strong-buy" rating in a research report on Friday, August 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 for the company. Citizens Jmp upgraded shares of OppFi from a "market perform" rating to an "outperform" rating and set a $13.50 price objective on the stock in a research note on Thursday, May 8th. Finally, JMP Securities raised OppFi from a "market perform" rating to a "market outperform" rating and set a $13.50 price objective on the stock in a research report on Thursday, May 8th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Buy" and a consensus price target of $13.63.

OppFi Company 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.