28,395 Shares in OppFi Inc. (NYSE:OPFI) Purchased by Squarepoint Ops LLC

Squarepoint Ops LLC bought a new stake in shares of OppFi Inc. (NYSE:OPFI - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 28,395 shares of the company's stock, valued at approximately $218,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Renaissance Technologies LLC raised 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 worth $6,328,000 after purchasing an additional 284,900 shares in the last quarter. Marshall Wace LLP increased its stake in OppFi by 249.2% in the 4th quarter. Marshall Wace LLP now owns 617,366 shares of the company's stock worth $4,729,000 after purchasing an additional 440,582 shares in the last quarter. Two Sigma Investments LP raised its holdings in OppFi by 19.8% during the 4th quarter. Two Sigma Investments LP now owns 447,260 shares of the company's stock worth $3,426,000 after buying an additional 73,905 shares during the period. Two Sigma Advisers LP raised its holdings in OppFi by 27.9% during the 4th quarter. Two Sigma Advisers LP now owns 429,100 shares of the company's stock worth $3,287,000 after buying an additional 93,700 shares during the period. Finally, Geode Capital Management LLC lifted its stake in OppFi by 2.8% during the fourth quarter. Geode Capital Management LLC now owns 412,361 shares of the company's stock valued at $3,160,000 after buying an additional 11,239 shares in the last quarter. 7.10% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently commented on OPFI. Northland Securities set a $13.00 price target on shares of OppFi in a research report 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 on the stock in a research note on Thursday, May 8th. Finally, JMP Securities upgraded shares of 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.

Insider Activity

In other news, Director David Vennettilli sold 30,762 shares of the stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $9.09, for a total transaction of $279,626.58. Following the completion of the sale, the director now owns 90,762 shares of the company's stock, valued at $825,026.58. This represents a 25.31% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Theodore G. Schwartz sold 114,475 shares of the stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $12.25, for a total value of $1,402,318.75. Following the transaction, the director now owns 186,737 shares of the company's stock, valued at approximately $2,287,528.25. The trade was a 38.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,374,418 shares of company stock worth $13,725,493. Insiders own 72.00% of the company's stock.

OppFi Price Performance

OPFI stock traded down $0.26 on Monday, reaching $13.92. 1,486,927 shares of the company were exchanged, compared to its average volume of 904,245. The stock's fifty day moving average price is $10.44 and its 200 day moving average price is $10.14. The firm has a market capitalization of $1.21 billion, a PE ratio of 87.01 and a beta of 1.73. OppFi Inc. has a 12 month low of $3.05 and a 12 month high of $17.73.

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

OppFi Dividend Announcement

The company also recently announced 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.

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.