Trexquant Investment LP boosted its stake in OppFi Inc. (NYSE:OPFI - Free Report) by 232.4% in the first quarter, according to its most recent disclosure with the Securities and 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 as of its most recent SEC filing.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Strategic Investment Solutions Inc. IL grew its stake in OppFi by 65.5% in the first quarter. Strategic Investment Solutions Inc. IL now owns 3,227 shares of the company's stock valued at $30,000 after acquiring an additional 1,277 shares during the period. GAMMA Investing LLC grew its stake in OppFi by 2,488.9% in the first quarter. GAMMA Investing LLC now owns 5,152 shares of the company's stock valued at $48,000 after acquiring an additional 4,953 shares during the period. Quantbot Technologies LP grew its stake in OppFi by 393.4% in the first quarter. Quantbot Technologies LP now owns 7,169 shares of the company's stock valued at $67,000 after acquiring an additional 5,716 shares during the period. Ancora Advisors LLC acquired a new position in OppFi in the fourth quarter valued at about $65,000. Finally, AlphaQuest LLC acquired a new position in OppFi in the first quarter valued at about $95,000. Institutional investors own 7.10% of the company's stock.
Insiders Place Their Bets
In other OppFi news, Director Theodore G. Schwartz sold 190,349 shares of the firm's 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 owned 199,644 shares in the company, valued at $2,569,418.28. This trade represents a 48.81% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Pamela D. Johnson sold 35,890 shares of the firm's stock in a transaction on Wednesday, June 11th. The stock was sold at an average price of $13.97, for a total value of $501,383.30. Following the transaction, the chief financial officer owned 173,018 shares in the company, valued at approximately $2,417,061.46. This trade represents a 17.18% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,055,699 shares of company stock worth $12,935,298 in the last 90 days. Company insiders own 72.00% of the company's stock.
OppFi Trading Up 0.4%
Shares of NYSE OPFI opened at $10.25 on Wednesday. The firm has a market cap of $894.93 million, a P/E ratio of -7.82 and a beta of 1.70. OppFi Inc. has a 1-year low of $3.93 and a 1-year high of $17.73. The business's 50 day moving average is $11.52 and its 200-day moving average is $10.95.
OppFi (NYSE:OPFI - Get Free Report) last announced its earnings results on Wednesday, August 6th. The company reported $0.45 earnings per share for the quarter, topping analysts' consensus estimates of $0.30 by $0.15. The company 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%. Analysts forecast that OppFi Inc. will post 0.86 EPS for the current year.
Wall Street Analyst Weigh In
OPFI has been the subject of several recent research reports. Stephens initiated coverage on OppFi in a research report on Thursday, June 12th. They set an "equal weight" rating and a $14.50 price objective for the company. 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 research note 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 research note on Thursday, May 8th. Finally, Zacks Research upgraded OppFi to a "strong-buy" rating in a research note on Friday, August 8th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, OppFi currently has a consensus rating of "Buy" and an average target price of $13.63.
Check Out Our Latest Analysis on OPFI
OppFi Company 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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