GSA Capital Partners LLP Cuts Stock Holdings in OppFi Inc. (NYSE:OPFI)

GSA Capital Partners LLP cut its stake in shares of OppFi Inc. (NYSE:OPFI - Free Report) by 21.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 129,373 shares of the company's stock after selling 35,323 shares during the period. GSA Capital Partners LLP owned 0.15% of OppFi worth $1,203,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently modified their holdings of the stock. GAMMA Investing LLC increased its stake in shares of OppFi by 2,488.9% during the first quarter. GAMMA Investing LLC now owns 5,152 shares of the company's stock valued at $48,000 after buying an additional 4,953 shares during the period. Ancora Advisors LLC purchased a new position in shares of OppFi in the 4th quarter worth approximately $65,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of OppFi by 8.7% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,801 shares of the company's stock valued at $83,000 after purchasing an additional 866 shares during the last quarter. Tcfg Wealth Management LLC acquired a new stake in OppFi in the first quarter worth about $106,000. Finally, Mariner LLC acquired a new position in OppFi during the 4th quarter valued at approximately $93,000. Institutional investors own 7.10% of the company's stock.

OppFi Price Performance

NYSE OPFI traded down $0.16 on Monday, hitting $10.25. The company had a trading volume of 899,874 shares, compared to its average volume of 1,536,014. The company's fifty day moving average price is $12.73 and its 200-day moving average price is $11.45. The company has a market capitalization of $889.37 million, a PE ratio of -27.65 and a beta of 1.71. OppFi Inc. has a 12-month low of $3.09 and a 12-month high of $17.73.

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 analysts' consensus estimates of $0.26 by $0.12. The business had revenue of $140.27 million during the quarter, compared to analysts' expectations of $137.71 million. OppFi had a negative net margin of 1.79% and a positive return on equity of 48.24%. On average, sell-side analysts anticipate that OppFi Inc. will post 0.86 EPS for the current year.

Analysts Set New Price Targets

Several analysts have recently commented on OPFI shares. Citizens Jmp raised shares of OppFi from a "market perform" rating to an "outperform" rating and set a $13.50 price objective on the stock in a report on Thursday, May 8th. Stephens assumed coverage on OppFi in a report on Thursday, June 12th. They issued an "equal weight" rating and a $14.50 price objective for the company. 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.

Insider Buying and Selling

In other news, insider Christopher J. Mckay sold 9,030 shares of OppFi stock in a transaction on Wednesday, July 2nd. The stock was sold at an average price of $13.41, for a total transaction of $121,092.30. Following the transaction, the insider owned 185,366 shares in the company, valued at $2,485,758.06. The trade was a 4.65% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Pamela D. Johnson sold 5,495 shares of the company's stock in a transaction dated Wednesday, July 2nd. The shares were sold at an average price of $13.41, for a total transaction of $73,687.95. Following the completion of the sale, the chief financial officer directly owned 164,570 shares of the company's stock, valued at $2,206,883.70. This represents a 3.23% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,240,080 shares of company stock valued at $15,334,334 in the last quarter. Corporate 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.