Northern Trust Corp Acquires 29,171 Shares of OppFi Inc. (NYSE:OPFI)

Northern Trust Corp raised its stake in shares of OppFi Inc. (NYSE:OPFI - Free Report) by 23.1% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 155,282 shares of the company's stock after purchasing an additional 29,171 shares during the period. Northern Trust Corp owned 0.18% of OppFi worth $1,189,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. JPMorgan Chase & Co. lifted its position in shares of OppFi by 271.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 36,585 shares of the company's stock worth $173,000 after purchasing an additional 26,742 shares during the period. Baader Bank Aktiengesellschaft bought a new position in OppFi during the fourth quarter worth $195,000. Raymond James Financial Inc. acquired a new position in OppFi in the fourth quarter valued at $228,000. Bank of New York Mellon Corp boosted its position in OppFi by 22.4% during the fourth quarter. Bank of New York Mellon Corp now owns 34,156 shares of the company's stock valued at $262,000 after acquiring an additional 6,242 shares during the last quarter. Finally, Victory Capital Management Inc. acquired a new stake in OppFi during the 4th quarter worth about $282,000. 7.10% of the stock is owned by institutional investors and hedge funds.

OppFi Stock Performance

Shares of NYSE OPFI traded down $0.28 during midday trading on Friday, hitting $12.66. 1,079,551 shares of the stock traded hands, compared to its average volume of 875,944. The company has a market cap of $1.10 billion, a PE ratio of 79.13 and a beta of 1.61. OppFi Inc. has a one year low of $3.05 and a one year high of $17.73. The business has a 50 day moving average price of $10.04 and a two-hundred day moving average price of $9.86.

OppFi (NYSE:OPFI - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $0.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.12. The business had revenue of $140.27 million during the quarter, compared to the consensus estimate of $137.71 million. OppFi had a net margin of 1.40% and a return on equity of 35.04%. As a group, equities research analysts forecast that OppFi Inc. will post 0.86 EPS for the current fiscal year.

OppFi Announces Dividend

The business also recently disclosed a special dividend, which was paid on Friday, April 18th. Stockholders of record on Tuesday, April 8th were paid a $0.25 dividend. The ex-dividend date of this dividend was Tuesday, April 8th.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on OPFI. Northland Securities set a $13.00 price objective on OppFi in a research note on Thursday, March 6th. Citizens Jmp upgraded shares of OppFi from a "market perform" rating to an "outperform" rating and set a $13.50 price target for the company in a report on Thursday, May 8th. Finally, JMP Securities raised shares of 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.

Insider Buying and Selling at OppFi

In other OppFi news, Director Theodore G. Schwartz sold 79,762 shares of the company's stock in a transaction on Friday, March 14th. The stock was sold at an average price of $9.13, for a total value of $728,227.06. Following the completion of the transaction, the director now owns 186,737 shares in the company, valued at $1,704,908.81. This represents a 29.93% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director David Vennettilli sold 30,762 shares of OppFi stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $9.09, for a total value of $279,626.58. Following the sale, the director now owns 90,762 shares in the company, valued at $825,026.58. The trade was a 25.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,417,656 shares of company stock worth $14,134,092. Corporate insiders own 72.00% of the company's stock.

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.