Theodore G. Schwartz Sells 190,349 Shares of OppFi Inc. (NYSE:OPFI) Stock

OppFi Inc. (NYSE:OPFI - Get Free Report) Director Theodore G. Schwartz sold 190,349 shares of the firm's stock in a transaction dated Thursday, June 12th. The shares were sold at an average price of $12.87, for a total value of $2,449,791.63. Following the completion of the transaction, the director now owns 199,644 shares in the company, valued at approximately $2,569,418.28. This represents a 48.81% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

OppFi Price Performance

Shares of OPFI traded up $0.30 during trading hours on Friday, hitting $12.88. 1,229,469 shares of the stock were exchanged, compared to its average volume of 940,179. OppFi Inc. has a fifty-two week low of $3.09 and a fifty-two week high of $17.73. The business has a 50-day moving average of $11.23 and a 200-day moving average of $10.41. The firm has a market capitalization of $1.12 billion, a P/E ratio of -34.80 and a beta of 1.73.

OppFi (NYSE:OPFI - Get Free Report) last posted its quarterly 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 firm had revenue of $140.27 million for the quarter, compared to analysts' expectations of $137.71 million. OppFi had a positive return on equity of 48.24% and a negative net margin of 1.79%. As a group, analysts forecast that OppFi Inc. will post 0.86 earnings per share for the current fiscal year.

OppFi Announces Dividend

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

Institutional Investors Weigh In On OppFi

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Quarry LP purchased a new stake in OppFi in the 1st quarter valued at about $27,000. Strategic Investment Solutions Inc. IL grew its holdings in shares of OppFi by 65.5% in the first quarter. Strategic Investment Solutions Inc. IL now owns 3,227 shares of the company's stock valued at $30,000 after acquiring an additional 1,277 shares in the last quarter. GAMMA Investing LLC boosted its position in OppFi by 2,488.9% in the first quarter. GAMMA Investing LLC now owns 5,152 shares of the company's stock worth $48,000 after purchasing an additional 4,953 shares during the last quarter. Quantbot Technologies LP boosted its position in OppFi by 393.4% in the first quarter. Quantbot Technologies LP now owns 7,169 shares of the company's stock worth $67,000 after purchasing an additional 5,716 shares during the last quarter. Finally, Ancora Advisors LLC bought a new position in OppFi in the 4th quarter valued at $65,000. 7.10% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

OPFI has been the topic of several recent research reports. Northland Securities set a $13.00 price target on shares of OppFi in a research note on Thursday, March 6th. Stephens assumed coverage on shares of OppFi in a research report on Thursday, June 12th. They issued an "equal weight" rating and a $14.50 price objective on the stock. 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, 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.

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.