Insider Selling: OppFi Inc. (NYSE:OPFI) Director Sells 190,349 Shares of Stock

OppFi Inc. (NYSE:OPFI - Get Free Report) Director Theodore G. Schwartz sold 190,349 shares of the firm's stock in a transaction on Thursday, June 12th. The shares were sold at an average price of $12.87, for a total transaction of $2,449,791.63. Following the completion of the transaction, the director now directly owns 199,644 shares of the company's stock, valued at approximately $2,569,418.28. This trade represents a 48.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

OppFi Price Performance

OPFI opened at $12.29 on Tuesday. The business's 50-day moving average is $11.00 and its two-hundred day moving average is $10.35. OppFi Inc. has a 1 year low of $3.09 and a 1 year high of $17.73. The firm has a market capitalization of $1.07 billion, a PE ratio of 76.79 and a beta of 1.73.

OppFi (NYSE:OPFI - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The company reported $0.38 earnings per share for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $137.71 million. As a group, sell-side analysts expect that OppFi Inc. will post 0.86 EPS 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 $0.25 dividend. The ex-dividend date was Tuesday, April 8th.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on OPFI. Northland Securities set a $13.00 target price on shares of OppFi in a report on Thursday, March 6th. Stephens assumed coverage on OppFi in a research report on Thursday, June 12th. They set an "equal weight" rating and a $14.50 target price for the company. Citizens Jmp upgraded OppFi from a "market perform" rating to an "outperform" rating and set a $13.50 target price for the company in a research report on Thursday, May 8th. Finally, JMP Securities upgraded OppFi from a "market perform" rating to a "market outperform" rating and set a $13.50 price objective for the company in a report on Thursday, May 8th.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Renaissance Technologies LLC lifted its holdings in OppFi by 52.6% in the fourth quarter. Renaissance Technologies LLC now owns 826,115 shares of the company's stock valued at $6,328,000 after acquiring an additional 284,900 shares during the period. Marshall Wace LLP raised its stake in shares of OppFi by 249.2% during the 4th quarter. Marshall Wace LLP now owns 617,366 shares of the company's stock worth $4,729,000 after buying an additional 440,582 shares during the period. Two Sigma Investments LP raised its stake in shares of OppFi by 19.8% during the 4th quarter. Two Sigma Investments LP now owns 447,260 shares of the company's stock worth $3,426,000 after buying an additional 73,905 shares during the period. Two Sigma Advisers LP raised its stake in shares of OppFi by 27.9% during the 4th quarter. Two Sigma Advisers LP now owns 429,100 shares of the company's stock worth $3,287,000 after buying an additional 93,700 shares during the period. Finally, Geode Capital Management LLC raised its stake in shares of OppFi by 2.8% during the 4th quarter. Geode Capital Management LLC now owns 412,361 shares of the company's stock worth $3,160,000 after buying an additional 11,239 shares during the period. 7.10% of the stock is owned by institutional investors and hedge funds.

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.

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