Theodore G. Schwartz Sells 49,799 Shares of OppFi Inc. (NYSE:OPFI) Stock

OppFi Inc. (NYSE:OPFI - Get Free Report) Director Theodore G. Schwartz sold 49,799 shares of OppFi stock in a transaction dated Monday, April 14th. The shares were sold at an average price of $8.39, for a total transaction of $417,813.61. Following the transaction, the director now directly owns 186,737 shares of the company's stock, valued at $1,566,723.43. This represents a 21.05 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

OppFi Trading Down 0.8 %

OppFi stock traded down $0.06 during mid-day trading on Friday, hitting $8.29. The stock had a trading volume of 479,099 shares, compared to its average volume of 781,073. The stock has a 50-day simple moving average of $9.80 and a two-hundred day simple moving average of $8.71. The stock has a market capitalization of $715.95 million, a PE ratio of 51.79 and a beta of 1.61. OppFi Inc. has a 12 month low of $2.56 and a 12 month high of $17.73.

OppFi (NYSE:OPFI - Get Free Report) last issued its earnings results on Wednesday, March 5th. The company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.09. OppFi had a net margin of 1.40% and a return on equity of 35.04%. The company had revenue of $135.72 million for the quarter, compared to analyst estimates of $133.50 million. During the same quarter last year, the firm earned $0.10 EPS. Sell-side analysts expect that OppFi Inc. will post 0.86 earnings per share for the current fiscal year.

OppFi Dividend Announcement

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in OPFI. GAMMA Investing LLC increased its holdings in OppFi by 2,488.9% in the first quarter. GAMMA Investing LLC now owns 5,152 shares of the company's stock valued at $48,000 after purchasing an additional 4,953 shares during the last quarter. Ancora Advisors LLC bought a new stake in shares of OppFi in the 4th quarter valued at about $65,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of 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 acquiring an additional 866 shares during the period. Mariner LLC bought a new position in OppFi during the 4th quarter worth approximately $93,000. Finally, MetLife Investment Management LLC acquired a new position in OppFi during the fourth quarter valued at approximately $98,000. 7.10% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on OPFI. Citizens Jmp downgraded shares of OppFi from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, February 12th. Northland Securities set a $13.00 target price on shares of OppFi in a research report on Thursday, March 6th. Finally, JMP Securities lowered shares of OppFi from an "outperform" rating to a "market perform" rating in a report on Wednesday, February 12th.

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.