Kestra Private Wealth Services LLC Makes New Investment in OppFi Inc. (NYSE:OPFI)

Key Points

• Kestra Private Wealth Services LLC has invested approximately $261,000 in OppFi Inc. by purchasing 28,064 shares in the first quarter.
• In the last quarter, other institutional investors, including Northern Trust Corp and Raymond James Financial Inc., increased their positions in OppFi, indicating growing interest in the company.
• OppFi's latest quarterly earnings report showed an EPS of $0.38, exceeding analysts' expectations, with projected earnings per share of 0.86 for the current year.

Kestra Private Wealth Services LLC purchased a new position in OppFi Inc. (NYSE:OPFI - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 28,064 shares of the company's stock, valued at approximately $261,000.

Other hedge funds have also made changes to their positions in the company. NewEdge Advisors LLC grew its holdings in OppFi by 4.7% during the fourth quarter. NewEdge Advisors LLC now owns 18,328 shares of the company's stock valued at $140,000 after purchasing an additional 831 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of OppFi by 8.7% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,801 shares of the company's stock valued at $83,000 after buying an additional 866 shares in the last quarter. Barclays PLC raised its stake in shares of OppFi by 5.6% in the 4th quarter. Barclays PLC now owns 44,521 shares of the company's stock valued at $341,000 after buying an additional 2,380 shares in the last quarter. Rhumbline Advisers boosted its stake in shares of OppFi by 23.3% in the 1st quarter. Rhumbline Advisers now owns 19,362 shares of the company's stock valued at $180,000 after purchasing an additional 3,662 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of OppFi by 8.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 54,359 shares of the company's stock valued at $416,000 after purchasing an additional 4,398 shares in the last quarter. 7.10% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have weighed in on OPFI shares. Stephens started coverage on OppFi in a report on Thursday, June 12th. They set an "equal weight" rating and a $14.50 price objective for the company. Citizens Jmp upgraded OppFi from a "market perform" rating to an "outperform" rating and set a $13.50 target price for the company in a research report on Thursday, May 8th. Finally, 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 research note on Thursday, May 8th.

OppFi Trading Up 0.3%

OPFI traded up $0.04 during trading on Thursday, hitting $10.73. 237,115 shares of the company's stock traded hands, compared to its average volume of 1,538,582. The company's 50 day simple moving average is $12.78 and its two-hundred day simple moving average is $11.44. OppFi Inc. has a 12-month low of $3.09 and a 12-month high of $17.73. The stock has a market capitalization of $931.04 million, a price-to-earnings ratio of -28.90 and a beta of 1.73.

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

Insiders Place Their Bets

In other OppFi news, Director Gregory T. Zeeman sold 50,000 shares of the business's stock in a transaction that occurred on Wednesday, June 11th. The stock was sold at an average price of $13.98, for a total transaction of $699,000.00. Following the sale, the director directly owned 149,644 shares of the company's stock, valued at $2,092,023.12. The trade was a 25.04% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Theodore G. Schwartz sold 190,349 shares of the business'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 transaction, the director owned 199,644 shares of the company's stock, 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. Over the last 90 days, insiders sold 1,241,187 shares of company stock worth $15,344,906. Company insiders own 72.00% of the company's stock.

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.