Stratos Wealth Partners LTD. Purchases New Shares in OppFi Inc. (NYSE:OPFI)

Stratos Wealth Partners LTD. acquired a new position in OppFi Inc. (NYSE:OPFI - Free Report) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 26,411 shares of the company's stock, valued at approximately $246,000.

Several other institutional investors have also added to or reduced their stakes in the stock. GAMMA Investing LLC raised its holdings in OppFi by 2,488.9% during the 1st quarter. GAMMA Investing LLC now owns 5,152 shares of the company's stock worth $48,000 after purchasing an additional 4,953 shares during the last quarter. Ancora Advisors LLC bought a new position in OppFi during the fourth quarter worth $65,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position 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 valued at $83,000 after acquiring an additional 866 shares during the last quarter. Mariner LLC bought a new stake in OppFi during the fourth quarter valued at $93,000. Finally, MetLife Investment Management LLC acquired a new stake in OppFi during the 4th quarter worth about $98,000. 7.10% of the stock is currently owned by institutional investors.

OppFi Price Performance

Shares of OPFI stock traded up $0.02 on Friday, reaching $11.67. 782,373 shares of the company were exchanged, compared to its average volume of 1,020,040. The company has a 50-day moving average of $12.90 and a 200-day moving average of $11.25. The company has a market cap of $1.01 billion, a price-to-earnings ratio of -31.54 and a beta of 1.73. OppFi Inc. has a one year low of $3.09 and a one year high of $17.73.

OppFi (NYSE:OPFI - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The company reported $0.38 EPS for the quarter, beating analysts' consensus estimates of $0.26 by $0.12. The firm had revenue of $140.27 million during the quarter, compared to analysts' expectations of $137.71 million. OppFi had a positive return on equity of 48.24% and a negative net margin of 1.79%. As a group, sell-side analysts predict that OppFi Inc. will post 0.86 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts recently commented on OPFI shares. Citizens Jmp upgraded OppFi from a "market perform" rating to an "outperform" rating and set a $13.50 target price on the stock in a research report on Thursday, May 8th. Stephens began coverage on OppFi in a research note on Thursday, June 12th. They issued an "equal weight" rating and a $14.50 price target on the stock. Finally, JMP Securities upgraded OppFi from a "market perform" rating to a "market outperform" rating and set a $13.50 price target on the stock in a report on Thursday, May 8th.

Insider Buying and Selling at OppFi

In related news, Director Theodore G. Schwartz sold 128,188 shares of the company's stock in a transaction dated Monday, July 14th. The shares were sold at an average price of $12.05, for a total value of $1,544,665.40. Following the sale, the director owned 199,644 shares in the company, valued at $2,405,710.20. This represents a 39.10% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Christopher J. Mckay sold 9,030 shares of the firm's stock in a transaction dated Wednesday, July 2nd. The shares were sold at an average price of $13.41, for a total transaction of $121,092.30. Following the completion of the transaction, the insider directly owned 185,366 shares in the company, valued at approximately $2,485,758.06. The trade was a 4.65% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,403,240 shares of company stock worth $16,731,648. 72.00% of the stock is owned by company insiders.

OppFi 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.