54,802 Shares in OppFi Inc. $OPFI Acquired by Virtu Financial LLC

Key Points

• Virtu Financial LLC acquired 54,802 shares of OppFi Inc. for approximately $510,000, becoming a new shareholder of the company.
• Insider transactions revealed that Director Theodore G. Schwartz sold 190,349 shares, representing a 48.81% decrease in his ownership stake.
• Analysts have set price targets for OppFi, with Stephens rating it as "equal weight" with a target of $14.50, while JMP Securities upgraded its rating to "outperform" with a target of $13.50.

Virtu Financial LLC bought a new stake in OppFi Inc. (NYSE:OPFI - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 54,802 shares of the company's stock, valued at approximately $510,000. Virtu Financial LLC owned approximately 0.06% of OppFi as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of OPFI. NewEdge Advisors LLC grew its holdings in shares of OppFi by 4.7% in the fourth quarter. NewEdge Advisors LLC now owns 18,328 shares of the company's stock valued at $140,000 after purchasing an additional 831 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings 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 valued at $83,000 after purchasing an additional 866 shares during the last quarter. Strategic Investment Solutions Inc. IL increased its holdings in shares of OppFi by 65.5% during the 1st quarter. Strategic Investment Solutions Inc. IL now owns 3,227 shares of the company's stock worth $30,000 after buying an additional 1,277 shares during the last quarter. Wolverine Asset Management LLC raised its position in shares of OppFi by 13.7% during the 1st quarter. Wolverine Asset Management LLC now owns 15,301 shares of the company's stock valued at $142,000 after buying an additional 1,845 shares during the period. Finally, Barclays PLC lifted its holdings in OppFi by 5.6% in the fourth quarter. Barclays PLC now owns 44,521 shares of the company's stock valued at $341,000 after acquiring an additional 2,380 shares during the last quarter. 7.10% of the stock is owned by institutional investors and hedge funds.

OppFi Stock Performance

Shares of OppFi stock traded up $0.11 during trading hours on Monday, reaching $10.53. 455,611 shares of the company were exchanged, compared to its average volume of 1,524,256. The firm has a market cap of $918.94 million, a PE ratio of -8.03 and a beta of 1.71. The stock's fifty day moving average is $12.22 and its 200 day moving average is $11.32. OppFi Inc. has a 1 year low of $3.93 and a 1 year 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 (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.15. The business had revenue of $142.44 million during the quarter, compared to analysts' expectations of $141.19 million. OppFi had a negative net margin of 6.04% and a positive return on equity of 53.83%. Research analysts expect that OppFi Inc. will post 0.86 earnings per share for the current year.

Wall Street Analysts Forecast Growth

OPFI has been the topic of several recent analyst reports. Zacks Research raised OppFi to a "strong-buy" rating in a research note on Friday, August 8th. JMP Securities raised 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 research note on Thursday, May 8th. Stephens assumed coverage on shares of 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, Citizens Jmp upgraded shares of OppFi from a "market perform" rating to an "outperform" rating and set a $13.50 target price for the company in a report on Thursday, May 8th. One equities research analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus price target of $13.63.

Insider Buying and Selling at OppFi

In related news, Director Theodore G. Schwartz sold 190,349 shares of OppFi stock in a transaction that occurred on Thursday, June 12th. The stock was sold at an average price of $12.87, for a total value of $2,449,791.63. Following the sale, the director directly owned 199,644 shares in the company, valued at $2,569,418.28. The trade was a 48.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Pamela D. Johnson sold 35,890 shares of the company's stock in a transaction on Wednesday, June 11th. The stock was sold at an average price of $13.97, for a total transaction of $501,383.30. Following the transaction, the chief financial officer directly owned 173,018 shares in the company, valued at approximately $2,417,061.46. This trade represents a 17.18% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,055,699 shares of company stock worth $12,935,298. 72.00% of the stock is currently owned by 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.