Two Sigma Advisers LP boosted its position in OppFi Inc. (NYSE:OPFI - Free Report) by 27.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 429,100 shares of the company's stock after buying an additional 93,700 shares during the period. Two Sigma Advisers LP owned approximately 0.50% of OppFi worth $3,287,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Ancora Advisors LLC acquired a new position in shares of OppFi in the 4th quarter valued at $65,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in OppFi by 8.7% in the 4th 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 in the last quarter. Mariner LLC acquired a new position in OppFi during the fourth quarter worth $93,000. MetLife Investment Management LLC purchased a new stake in shares of OppFi in the fourth quarter valued at about $98,000. Finally, Deutsche Bank AG acquired a new stake in shares of OppFi during the 4th quarter worth approximately $126,000. Institutional investors and hedge funds own 7.10% of the company's stock.
OppFi Trading Down 3.3%
OppFi stock traded down $0.43 during midday trading on Friday, reaching $12.52. 762,686 shares of the stock traded hands, compared to its average volume of 871,748. The firm has a market cap of $1.09 billion, a PE ratio of 77.97 and a beta of 1.61. The company has a 50-day simple moving average of $10.00 and a two-hundred day simple moving average of $9.82. OppFi Inc. has a 12-month low of $3.05 and a 12-month 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 (EPS) for the quarter, topping analysts' consensus estimates of $0.26 by $0.12. The company 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%. Equities research analysts anticipate that OppFi Inc. will post 0.86 earnings per share for the current year.
OppFi Dividend Announcement
The business also recently declared a special dividend, which was paid on Friday, April 18th. Shareholders of record on Tuesday, April 8th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Tuesday, April 8th.
Insider Buying and Selling at OppFi
In other news, Director Theodore G. Schwartz sold 79,559 shares of OppFi stock in a transaction on Monday, March 17th. The shares were sold at an average price of $9.13, for a total transaction of $726,373.67. Following the completion of the sale, the director now directly owns 186,737 shares of the company's stock, valued at approximately $1,704,908.81. The trade was a 29.88% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Christopher J. Mckay sold 10,377 shares of the stock in a transaction on Wednesday, April 9th. The shares were sold at an average price of $7.83, for a total value of $81,251.91. Following the completion of the transaction, the insider now directly owns 206,667 shares in the company, valued at $1,618,202.61. This trade represents a 4.78% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,417,656 shares of company stock valued at $14,134,092 in the last quarter. Corporate insiders own 72.00% of the company's stock.
Wall Street Analyst Weigh In
A number of equities analysts have recently weighed in on OPFI shares. Citizens Jmp upgraded OppFi from a "market perform" rating to an "outperform" rating and set a $13.50 price target for the company in a report on Thursday, May 8th. Northland Securities set a $13.00 price target on shares of OppFi in a research note on Thursday, March 6th. Finally, JMP Securities upgraded shares of OppFi from a "market perform" rating to a "market outperform" rating and set a $13.50 target price for the company in a report on Thursday, May 8th.
Check Out Our Latest Research Report on OppFi
About OppFi
(
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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