State of Wyoming Invests $214,000 in OppFi Inc. (NYSE:OPFI)

State of Wyoming acquired a new stake in shares of OppFi Inc. (NYSE:OPFI - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 27,893 shares of the company's stock, valued at approximately $214,000.

Other institutional investors have also added to or reduced their stakes in the company. Renaissance Technologies LLC lifted its stake in OppFi by 52.6% in the fourth quarter. Renaissance Technologies LLC now owns 826,115 shares of the company's stock worth $6,328,000 after acquiring an additional 284,900 shares during the period. Marshall Wace LLP raised 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 acquiring an additional 440,582 shares during the last quarter. Geode Capital Management LLC increased its holdings in OppFi by 2.8% in the 4th quarter. Geode Capital Management LLC now owns 412,361 shares of the company's stock worth $3,160,000 after buying an additional 11,239 shares during the period. Tudor Investment Corp ET AL raised its holdings in shares of OppFi by 310.7% during the fourth quarter. Tudor Investment Corp ET AL now owns 276,331 shares of the company's stock worth $2,117,000 after purchasing an additional 209,045 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its holdings in shares of OppFi by 7.1% in the 4th quarter. Ameriprise Financial Inc. now owns 209,680 shares of the company's stock valued at $1,606,000 after buying an additional 13,862 shares during the period. Institutional investors own 7.10% of the company's stock.

Insider Activity

In other news, Director David Vennettilli sold 43,238 shares of OppFi stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $9.45, for a total value of $408,599.10. Following the completion of the transaction, the director now owns 90,762 shares in the company, valued at approximately $857,700.90. This trade represents a 32.27% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Christopher J. Mckay sold 10,377 shares of the business's stock in a transaction dated Thursday, April 3rd. The stock was sold at an average price of $9.00, for a total value of $93,393.00. Following the transaction, the insider now directly owns 248,175 shares of the company's stock, valued at approximately $2,233,575. This represents a 4.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,417,656 shares of company stock valued at $14,134,092. 72.00% of the stock is currently owned by company insiders.

OppFi Stock Down 0.3%

NYSE OPFI traded down $0.05 on Friday, reaching $12.90. The stock had a trading volume of 304,044 shares, compared to its average volume of 869,892. OppFi Inc. has a 12-month low of $3.05 and a 12-month high of $17.73. The stock has a fifty day moving average price of $10.00 and a two-hundred day moving average price of $9.82. The firm has a market capitalization of $1.12 billion, a price-to-earnings ratio of 80.88 and a beta of 1.61.

OppFi (NYSE:OPFI - Get Free Report) last posted its quarterly earnings data 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. OppFi had a return on equity of 35.04% and a net margin of 1.40%. The firm had revenue of $140.27 million for the quarter, compared to the consensus estimate of $137.71 million. Sell-side analysts forecast that OppFi Inc. will post 0.86 earnings per share for the current fiscal year.

OppFi Announces Dividend

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

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on OPFI. Northland Securities set a $13.00 price target on OppFi in a research note on Thursday, March 6th. JMP Securities raised OppFi from a "market perform" rating to a "market outperform" rating and set a $13.50 price objective on the stock in a research note on Thursday, May 8th. Finally, 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.

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.