Trexquant Investment LP Purchases 274,318 Shares of OppFi Inc. $OPFI

Key Points

• Trexquant Investment LP significantly increased its holdings in OppFi Inc. by 232.4%, acquiring an additional 274,318 shares in the first quarter.
• Several other institutional investors also expanded their positions, with GAMMA Investing LLC increasing its stake by 2,488.9%.
• Insider trading saw company directors selling over 1 million shares of OppFi stock recently, with transactions totaling nearly $13 million.

Trexquant Investment LP grew its stake in shares of OppFi Inc. (NYSE:OPFI - Free Report) by 232.4% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 392,333 shares of the company's stock after purchasing an additional 274,318 shares during the quarter. Trexquant Investment LP owned about 0.45% of OppFi worth $3,649,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in OPFI. Northern Trust Corp boosted its stake in shares of OppFi by 23.1% during the 4th quarter. Northern Trust Corp now owns 155,282 shares of the company's stock worth $1,189,000 after acquiring an additional 29,171 shares during the period. State of Wyoming acquired a new position in OppFi in the 4th quarter valued at $214,000. Raymond James Financial Inc. acquired a new position in OppFi in the 4th quarter valued at $228,000. DAVENPORT & Co LLC acquired a new position in OppFi in the 1st quarter valued at $359,000. Finally, Stratos Wealth Partners LTD. acquired a new position in OppFi in the 1st quarter valued at $246,000. Institutional investors and hedge funds own 7.10% of the company's stock.

OppFi Price Performance

NYSE:OPFI traded down $0.07 during trading hours on Monday, hitting $10.39. The company's stock had a trading volume of 150,698 shares, compared to its average volume of 1,485,503. The stock has a fifty day simple moving average of $11.26 and a 200-day simple moving average of $10.91. The company has a market capitalization of $907.15 million, a P/E ratio of -7.90 and a beta of 1.70. OppFi Inc. has a twelve month low of $3.93 and a twelve month high of $17.73.

OppFi (NYSE:OPFI - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The company reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.15. The business had revenue of $142.44 million for the quarter, compared to analyst estimates of $141.19 million. OppFi had a positive return on equity of 53.83% and a negative net margin of 6.04%. On average, equities analysts predict that OppFi Inc. will post 0.86 EPS for the current fiscal year.

Insider Buying and Selling at OppFi

In other OppFi news, Director Gregory T. Zeeman sold 50,000 shares of the stock in a transaction dated Wednesday, June 11th. The stock was sold at an average price of $13.98, for a total value of $699,000.00. Following the completion of the transaction, the director directly owned 149,644 shares in the company, valued at approximately $2,092,023.12. This trade represents a 25.04% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Theodore G. Schwartz sold 190,349 shares of the stock in a transaction dated Thursday, June 12th. The shares were sold at an average price of $12.87, for a total value of $2,449,791.63. Following the completion of the transaction, the director owned 199,644 shares of the company's stock, valued at $2,569,418.28. This represents a 48.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,055,699 shares of company stock worth $12,935,298. 72.00% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on OPFI shares. 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. Zacks Research raised OppFi to a "strong-buy" rating in a research note on Friday, August 8th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Buy" and a consensus target price of $13.63.

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.