Prosperity Wealth Management Inc. bought a new stake in OppFi Inc. (NYSE:OPFI - Free Report) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 34,000 shares of the company's stock, valued at approximately $316,000.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in OPFI. Tcfg Wealth Management LLC acquired a new stake in OppFi in the 1st quarter valued at $106,000. NorthCrest Asset Manangement LLC acquired a new stake in shares of OppFi in the first quarter valued at about $208,000. Rhumbline Advisers grew its stake in shares of OppFi by 23.3% in the first quarter. Rhumbline Advisers now owns 19,362 shares of the company's stock valued at $180,000 after buying an additional 3,662 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of OppFi by 2,488.9% during the 1st 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. Finally, Mackenzie Financial Corp acquired a new position in OppFi during the 4th quarter worth approximately $131,000. Institutional investors and hedge funds own 7.10% of the company's stock.
Insiders Place Their Bets
In other OppFi news, Director Theodore G. Schwartz sold 165,174 shares of the firm's stock in a transaction on Monday, March 24th. The shares were sold at an average price of $10.58, for a total transaction of $1,747,540.92. Following the completion of the transaction, the director now directly owns 186,737 shares of the company's stock, valued at $1,975,677.46. This trade represents a 46.94% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Pamela D. Johnson sold 35,890 shares of the firm's stock in a transaction on Wednesday, June 11th. The stock was sold at an average price of $13.97, for a total transaction of $501,383.30. Following the transaction, the chief financial officer now directly owns 173,018 shares of the company's stock, valued at approximately $2,417,061.46. This represents a 17.18% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,664,619 shares of company stock valued at $18,383,560 in the last ninety days. Corporate insiders own 72.00% of the company's stock.
OppFi Trading Up 5.3%
OPFI stock traded up $0.64 during trading on Thursday, reaching $12.59. The stock had a trading volume of 1,126,699 shares, compared to its average volume of 938,689. OppFi Inc. has a 1-year low of $3.09 and a 1-year high of $17.73. The company has a market capitalization of $1.09 billion, a P/E ratio of -34.01 and a beta of 1.73. The firm has a fifty day moving average price of $11.15 and a 200 day moving average price of $10.38.
OppFi (NYSE:OPFI - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $0.38 EPS for the quarter, topping analysts' consensus estimates of $0.26 by $0.12. OppFi had a negative net margin of 1.79% and a positive return on equity of 48.24%. The firm had revenue of $140.27 million for the quarter, compared to analyst estimates of $137.71 million. Sell-side analysts predict that OppFi Inc. will post 0.86 EPS for the current year.
OppFi Announces Dividend
The business also recently disclosed a special dividend, which was paid on Friday, April 18th. Shareholders of record on Tuesday, April 8th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Tuesday, April 8th.
Wall Street Analyst Weigh In
OPFI has been the subject of a number of analyst reports. 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. Northland Securities set a $13.00 target price on shares of OppFi in a research report on Thursday, March 6th. Citizens Jmp raised 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, Stephens started coverage on shares of OppFi in a report on Thursday, June 12th. They issued an "equal weight" rating and a $14.50 price objective on the stock.
Check Out Our Latest Stock Report on OppFi
OppFi Profile
(
Free Report)
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.
Further Reading
Before you consider OppFi, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and OppFi wasn't on the list.
While OppFi currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
