OppFi Inc. (NYSE:OPFI) is LB Partners LLC's 8th Largest Position

LB Partners LLC cut its stake in OppFi Inc. (NYSE:OPFI - Free Report) by 28.7% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 606,000 shares of the company's stock after selling 244,000 shares during the quarter. OppFi comprises about 4.0% of LB Partners LLC's holdings, making the stock its 8th largest position. LB Partners LLC owned 0.70% of OppFi worth $5,548,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. NewEdge Advisors LLC raised its holdings in shares of OppFi by 4.7% during the 4th quarter. NewEdge Advisors LLC now owns 18,328 shares of the company's stock valued at $140,000 after buying an additional 831 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of OppFi by 8.7% during the fourth 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 during the period. Barclays PLC increased its stake in shares of OppFi by 5.6% during the fourth quarter. Barclays PLC now owns 44,521 shares of the company's stock valued at $341,000 after buying an additional 2,380 shares during the period. Rhumbline Advisers boosted its position in shares of OppFi by 23.3% during the first 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 position in shares of OppFi by 8.8% during the fourth 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 currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have commented on the company. Stephens assumed 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 Up 0.4%

OPFI traded up $0.05 during midday trading on Tuesday, reaching $14.28. The company had a trading volume of 1,408,509 shares, compared to its average volume of 990,254. OppFi Inc. has a 1 year low of $3.09 and a 1 year high of $17.73. The business has a 50-day moving average of $12.59 and a two-hundred day moving average of $11.04. The company has a market cap of $1.24 billion, a P/E ratio of -38.59 and a beta of 1.73.

OppFi (NYSE:OPFI - Get Free Report) last released its earnings results on Wednesday, May 7th. The company reported $0.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.26 by $0.12. The firm had revenue of $140.27 million during the quarter, compared to analysts' expectations 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 research analysts predict that OppFi Inc. will post 0.86 EPS for the current year.

Insiders Place Their Bets

In other OppFi news, Director Theodore G. Schwartz sold 190,349 shares of the firm's stock in a transaction that occurred on 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 transaction, the director owned 199,644 shares in the company, valued at $2,569,418.28. This trade represents a 48.81% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. In the last three months, insiders sold 1,309,664 shares of company stock worth $14,933,254. Company insiders own 72.00% of the company's stock.

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.