State of Wyoming purchased a new stake in OppFi Inc. (NYSE:OPFI - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 27,893 shares of the company's stock, valued at approximately $214,000.
Several other hedge funds and other institutional investors have also recently made changes to their positions in OPFI. Ancora Advisors LLC purchased a new position in OppFi in the fourth quarter worth approximately $65,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in OppFi by 8.7% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,801 shares of the company's stock worth $83,000 after acquiring an additional 866 shares during the last quarter. Mariner LLC acquired a new stake in OppFi during the fourth quarter worth $93,000. MetLife Investment Management LLC acquired a new stake in OppFi during the fourth quarter worth $98,000. Finally, Deutsche Bank AG acquired a new stake in OppFi during the fourth quarter worth $126,000. Institutional investors and hedge funds own 7.10% of the company's stock.
Analyst Upgrades and Downgrades
OPFI has been the subject of several recent analyst reports. JMP Securities raised OppFi from a "market perform" rating to a "market outperform" rating and set a $13.50 target price for the company in a research note on Thursday, May 8th. Citizens Jmp raised OppFi from a "market perform" rating to an "outperform" rating and set a $13.50 target price for the company in a research note on Thursday, May 8th. Finally, Northland Securities set a $13.00 target price on OppFi in a research note on Thursday, March 6th.
View Our Latest Stock Analysis on OppFi
Insider Activity at OppFi
In other OppFi news, Director Theodore G. Schwartz sold 79,762 shares of the firm's stock in a transaction on Friday, March 14th. The stock was sold at an average price of $9.13, for a total value of $728,227.06. Following the sale, the director now directly owns 186,737 shares in the company, valued at $1,704,908.81. This trade represents a 29.93% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 sale, the director now owns 90,762 shares in the company, valued at $857,700.90. This trade represents a 32.27% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,417,656 shares of company stock valued at $14,134,092 over the last 90 days. 72.00% of the stock is owned by corporate insiders.
OppFi Stock Performance
OPFI stock traded up $0.19 during mid-day trading on Wednesday, reaching $13.22. The company had a trading volume of 1,648,696 shares, compared to its average volume of 865,319. The firm has a fifty day simple moving average of $9.89 and a 200 day simple moving average of $9.76. The company has a market capitalization of $1.15 billion, a price-to-earnings ratio of 82.63 and a beta of 1.61. OppFi Inc. has a fifty-two week low of $3.05 and a fifty-two week high of $17.73.
OppFi (NYSE:OPFI - Get Free Report) last released its earnings results on Wednesday, May 7th. The company reported $0.38 earnings per share for the quarter, topping analysts' consensus estimates of $0.26 by $0.12. The firm had revenue of $140.27 million for the quarter, compared to analyst estimates of $137.71 million. OppFi had a net margin of 1.40% and a return on equity of 35.04%. As a group, analysts predict that OppFi Inc. will post 0.86 earnings per share for the current year.
OppFi Announces Dividend
The company also recently announced a special dividend, which was paid on Friday, April 18th. Investors of record on Tuesday, April 8th were issued a $0.25 dividend. The ex-dividend date of this dividend 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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