Wolverine Trading LLC Buys Shares of 83,340 OppFi Inc. (NYSE:OPFI)

Wolverine Trading LLC acquired a new position in shares of OppFi Inc. (NYSE:OPFI - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 83,340 shares of the company's stock, valued at approximately $630,000. Wolverine Trading LLC owned 0.10% of OppFi at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. JPMorgan Chase & Co. boosted its stake in shares of OppFi by 271.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 36,585 shares of the company's stock worth $173,000 after acquiring an additional 26,742 shares in the last quarter. Baader Bank Aktiengesellschaft purchased a new position in OppFi during the fourth quarter worth approximately $195,000. Bank of New York Mellon Corp boosted its position in OppFi by 22.4% during the fourth quarter. Bank of New York Mellon Corp now owns 34,156 shares of the company's stock worth $262,000 after purchasing an additional 6,242 shares in the last quarter. Los Angeles Capital Management LLC grew its holdings in OppFi by 97.6% in the fourth quarter. Los Angeles Capital Management LLC now owns 148,344 shares of the company's stock valued at $1,136,000 after purchasing an additional 73,258 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its position in shares of OppFi by 8.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 54,359 shares of the company's stock valued at $416,000 after buying an additional 4,398 shares in the last quarter. 7.10% of the stock is owned by hedge funds and other institutional investors.

OppFi Stock Up 4.4%

Shares of OppFi stock traded up $0.56 during mid-day trading on Monday, reaching $13.23. 1,517,592 shares of the stock traded hands, compared to its average volume of 881,183. The stock has a market capitalization of $1.15 billion, a PE ratio of 82.69 and a beta of 1.61. The business has a 50-day moving average of $10.11 and a 200 day moving average of $9.95. OppFi Inc. has a fifty-two week low of $3.05 and a fifty-two week high of $17.73.

OppFi (NYSE:OPFI - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The company reported $0.38 EPS for the quarter, beating the consensus estimate of $0.26 by $0.12. The firm had revenue of $140.27 million during the quarter, compared to the consensus estimate of $137.71 million. OppFi had a return on equity of 35.04% and a net margin of 1.40%. On average, equities research analysts expect that OppFi Inc. will post 0.86 EPS for the current fiscal year.

OppFi Dividend Announcement

The firm also recently announced a special dividend, which was paid on Friday, April 18th. Stockholders of record on Tuesday, April 8th were given a $0.25 dividend. The ex-dividend date of this dividend was Tuesday, April 8th.

Insider Transactions at OppFi

In related news, Director Theodore G. Schwartz sold 185,086 shares of the stock in a transaction that occurred on Thursday, May 15th. The stock was sold at an average price of $11.59, for a total value of $2,145,146.74. Following the completion of the sale, the director now owns 186,737 shares of the company's stock, valued at approximately $2,164,281.83. This trade represents a 49.78% 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, insider Christopher J. Mckay sold 10,377 shares of the business's stock in a transaction on Thursday, April 3rd. The stock was sold at an average price of $9.00, for a total value of $93,393.00. Following the transaction, the insider now directly owns 248,175 shares in the company, valued at $2,233,575. This trade represents a 4.01% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,417,656 shares of company stock valued at $14,134,092. Corporate insiders own 72.00% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on OPFI. Northland Securities set a $13.00 target price on OppFi in a research report on Thursday, March 6th. JMP Securities raised shares of 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, Citizens Jmp upgraded shares of OppFi from a "market perform" rating to an "outperform" rating and set a $13.50 target price on the stock in a research report on Thursday, May 8th.

About OppFi

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.