NorthCrest Asset Manangement LLC Acquires Shares of 22,361 OppFi Inc. (NYSE:OPFI)

NorthCrest Asset Manangement LLC bought a new stake in shares of OppFi Inc. (NYSE:OPFI - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 22,361 shares of the company's stock, valued at approximately $208,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in OPFI. Bank of New York Mellon Corp raised its holdings in shares of OppFi by 22.4% in the fourth quarter. Bank of New York Mellon Corp now owns 34,156 shares of the company's stock worth $262,000 after buying an additional 6,242 shares during the last quarter. Los Angeles Capital Management LLC boosted its position in OppFi by 97.6% in the 4th quarter. Los Angeles Capital Management LLC now owns 148,344 shares of the company's stock worth $1,136,000 after purchasing an additional 73,258 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in OppFi by 8.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 54,359 shares of the company's stock worth $416,000 after buying an additional 4,398 shares in the last quarter. Victory Capital Management Inc. purchased a new stake in shares of OppFi during the 4th quarter worth about $282,000. Finally, Raymond James Financial Inc. acquired a new stake in OppFi in the fourth quarter valued at approximately $228,000. Hedge funds and other institutional investors own 7.10% of the company's stock.

OppFi Price Performance

Shares of NYSE:OPFI traded up $0.35 during mid-day trading on Friday, reaching $12.93. 814,367 shares of the company were exchanged, compared to its average volume of 1,636,931. The firm has a market cap of $1.12 billion, a price-to-earnings ratio of -34.93 and a beta of 1.73. OppFi Inc. has a 1 year low of $3.09 and a 1 year high of $17.73. The firm's 50-day simple moving average is $11.23 and its 200 day simple moving average is $10.41.

OppFi (NYSE:OPFI - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $0.38 earnings per share for the quarter, beating analysts' consensus estimates 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 business had revenue of $140.27 million during the quarter, compared to analysts' expectations of $137.71 million. On average, research analysts forecast that OppFi Inc. will post 0.86 earnings per share for the current fiscal year.

OppFi Announces Dividend

The firm also recently declared a special dividend, which was paid on Friday, April 18th. Shareholders of record on Tuesday, April 8th were paid a dividend of $0.25 per share. The ex-dividend date was Tuesday, April 8th.

Insider Transactions at OppFi

In other news, insider Christopher J. Mckay sold 10,377 shares of the stock in a transaction on Thursday, April 3rd. The stock was sold at an average price of $9.00, for a total value of $93,393.00. Following the sale, the insider now directly owns 248,175 shares in the company, valued at approximately $2,233,575. This trade represents a 4.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Gregory T. Zeeman sold 50,000 shares of the business's stock in a transaction 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 now directly owns 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 disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,605,855 shares of company stock valued at $17,819,426. 72.00% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. Citizens Jmp upgraded 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. Northland Securities set a $13.00 price target on OppFi in a report on Thursday, March 6th. Stephens started coverage on OppFi in a report on Thursday, June 12th. They issued an "equal weight" rating and a $14.50 price objective on the stock. Finally, JMP Securities upgraded OppFi from a "market perform" rating to a "market outperform" rating and set a $13.50 price target for the company in a report on Thursday, May 8th.

About OppFi

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.