Squarepoint Ops LLC bought a new stake in OppFi Inc. (NYSE:OPFI - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 28,395 shares of the company's stock, valued at approximately $218,000.
A number of other institutional investors also recently made changes to their positions in the business. Marshall Wace LLP increased its holdings in shares of OppFi by 249.2% in the 4th quarter. Marshall Wace LLP now owns 617,366 shares of the company's stock valued at $4,729,000 after acquiring an additional 440,582 shares during the last quarter. Renaissance Technologies LLC increased its holdings in shares of OppFi by 52.6% in the 4th quarter. Renaissance Technologies LLC now owns 826,115 shares of the company's stock valued at $6,328,000 after acquiring an additional 284,900 shares during the last quarter. Tudor Investment Corp ET AL increased its holdings in shares of OppFi by 310.7% in the 4th quarter. Tudor Investment Corp ET AL now owns 276,331 shares of the company's stock valued at $2,117,000 after acquiring an additional 209,045 shares during the last quarter. Bank of America Corp DE increased its holdings in shares of OppFi by 1,745.7% in the 4th quarter. Bank of America Corp DE now owns 206,317 shares of the company's stock valued at $1,580,000 after acquiring an additional 195,139 shares during the last quarter. Finally, EAM Investors LLC bought a new stake in shares of OppFi in the 4th quarter valued at approximately $1,395,000. 7.10% of the stock is owned by institutional investors and hedge funds.
Insider Transactions at OppFi
In related news, Director Theodore G. Schwartz sold 185,086 shares of the firm's stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of $11.59, for a total transaction of $2,145,146.74. Following the completion of the transaction, the director now owns 186,737 shares of the company's stock, valued at $2,164,281.83. This trade represents a 49.78% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Christopher J. Mckay sold 10,377 shares of the firm's stock in a transaction dated Monday, April 7th. The shares were sold at an average price of $7.54, for a total value of $78,242.58. Following the transaction, the insider now directly owns 227,421 shares of the company's stock, valued at $1,714,754.34. This represents a 4.36% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,343,656 shares of company stock valued at $13,445,867. 72.00% of the stock is currently owned by corporate insiders.
Analyst Upgrades and Downgrades
A number of brokerages have recently weighed in on OPFI. Citizens Jmp upgraded 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. Northland Securities set a $13.00 price objective on OppFi in a research note on Thursday, March 6th. Finally, JMP Securities upgraded OppFi from a "market perform" rating to a "market outperform" rating and set a $13.50 price objective for the company in a research note on Thursday, May 8th.
Get Our Latest Stock Report on OppFi
OppFi Trading Down 0.2%
OPFI traded down $0.03 during trading on Wednesday, reaching $13.90. 940,819 shares of the company were exchanged, compared to its average volume of 910,986. The stock has a market cap of $1.21 billion, a P/E ratio of 86.89 and a beta of 1.73. The firm has a 50 day moving average of $10.74 and a 200 day moving average of $10.23. OppFi Inc. has a 52 week low of $3.09 and a 52 week high of $17.73.
OppFi (NYSE:OPFI - Get Free Report) last released its quarterly 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. OppFi had a return on equity of 35.04% and a net margin of 1.40%. The company had revenue of $140.27 million during the quarter, compared to analysts' expectations of $137.71 million. As a group, analysts forecast that OppFi Inc. will post 0.86 earnings per share for the current fiscal year.
OppFi Dividend Announcement
The firm also recently declared 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 was Tuesday, April 8th.
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.
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