Gregory T. Zeeman Sells 50,000 Shares of OppFi Inc. (NYSE:OPFI) Stock

OppFi Inc. (NYSE:OPFI - Get Free Report) Director Gregory T. Zeeman sold 50,000 shares of the stock in a transaction on Wednesday, June 11th. The stock was sold at an average price of $13.98, for a total value of $699,000.00. Following the transaction, the director now owns 149,644 shares of the company's stock, valued at $2,092,023.12. The trade was a 25.04% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

OppFi Stock Performance

NYSE OPFI traded down $0.38 during trading hours on Friday, hitting $12.19. The company had a trading volume of 1,339,923 shares, compared to its average volume of 925,822. OppFi Inc. has a 52 week low of $3.09 and a 52 week high of $17.73. The firm has a 50 day simple moving average of $10.91 and a 200 day simple moving average of $10.29. The firm has a market capitalization of $1.06 billion, a price-to-earnings ratio of 76.16 and a beta of 1.73.

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

OppFi Dividend Announcement

The firm also recently declared a special dividend, which was paid on Friday, April 18th. Shareholders of record on Tuesday, April 8th were issued a $0.25 dividend. The ex-dividend date was Tuesday, April 8th.

Wall Street Analyst Weigh In

Several research 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 research note on Thursday, May 8th. Stephens started coverage on OppFi in a research note on Thursday. They set an "equal weight" rating and a $14.50 price target for the company. JMP Securities upgraded OppFi from a "market perform" rating to a "market outperform" rating and set a $13.50 price target for the company in a research note on Thursday, May 8th. Finally, Northland Securities set a $13.00 target price on OppFi in a research note on Thursday, March 6th.

Institutional Trading of OppFi

Several institutional investors and hedge funds have recently modified their holdings of OPFI. Bank of New York Mellon Corp raised its holdings in shares of OppFi by 22.4% in the 4th quarter. Bank of New York Mellon Corp now owns 34,156 shares of the company's stock valued at $262,000 after acquiring an additional 6,242 shares in the last quarter. Los Angeles Capital Management LLC raised its holdings in shares of OppFi by 97.6% during the 4th quarter. Los Angeles Capital Management LLC now owns 148,344 shares of the company's stock valued at $1,136,000 after buying an additional 73,258 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of OppFi by 8.8% during the 4th 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. Victory Capital Management Inc. purchased a new position in shares of OppFi during the 4th quarter valued at about $282,000. Finally, Raymond James Financial Inc. purchased a new position in shares of OppFi during the 4th quarter valued at about $228,000. Hedge funds and other institutional investors own 7.10% of the company's stock.

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.