Stratos Wealth Partners LTD. Acquires Shares of 26,411 OppFi Inc. (NYSE:OPFI)

Stratos Wealth Partners LTD. purchased a new stake in OppFi Inc. (NYSE:OPFI - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 26,411 shares of the company's stock, valued at approximately $246,000.

Other hedge funds also recently made changes to their positions in the company. GAMMA Investing LLC lifted its stake in OppFi by 2,488.9% during the first 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 stake in OppFi during the fourth quarter worth about $65,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted 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 purchasing an additional 866 shares during the last quarter. Tcfg Wealth Management LLC bought a new stake in OppFi during the first quarter worth about $106,000. Finally, Mariner LLC bought a new stake in OppFi during the fourth quarter worth about $93,000. 7.10% of the stock is currently owned by hedge funds and other institutional investors.

OppFi Stock Performance

Shares of OPFI traded up $0.02 during mid-day trading on Friday, reaching $11.67. The company had a trading volume of 782,393 shares, compared to its average volume of 1,026,638. The firm has a 50-day moving average price of $12.90 and a 200 day moving average price of $11.30. OppFi Inc. has a 52 week low of $3.09 and a 52 week high of $17.73. The company has a market capitalization of $1.01 billion, a price-to-earnings ratio of -31.54 and a beta of 1.73.

OppFi (NYSE:OPFI - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The company reported $0.38 EPS 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 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, research analysts forecast that OppFi Inc. will post 0.86 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

OPFI has been the topic of several analyst reports. Citizens Jmp upgraded OppFi from a "market perform" rating to an "outperform" rating and set a $13.50 price objective on the stock in a report on Thursday, May 8th. JMP Securities upgraded OppFi from a "market perform" rating to a "market outperform" rating and set a $13.50 price objective on the stock in a report on Thursday, May 8th. Finally, Stephens started coverage on OppFi in a report on Thursday, June 12th. They issued an "equal weight" rating and a $14.50 price objective on the stock.

Insider Buying and Selling at OppFi

In other news, Director Theodore G. Schwartz sold 190,349 shares of the stock in a transaction on Thursday, June 12th. The stock was sold at an average price of $12.87, for a total transaction of $2,449,791.63. Following the transaction, the director directly owned 199,644 shares of the company's stock, valued at $2,569,418.28. This represents a 48.81% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Over the last quarter, insiders sold 1,403,240 shares of company stock worth $16,731,648. 72.00% of the stock is owned by corporate insiders.

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.