JPMorgan Chase & Co. Has $1.04 Million Position in OppFi Inc. (NYSE:OPFI)

JPMorgan Chase & Co. grew its holdings in OppFi Inc. (NYSE:OPFI - Free Report) by 272.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 136,308 shares of the company's stock after buying an additional 99,723 shares during the period. JPMorgan Chase & Co. owned 0.16% of OppFi worth $1,044,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in OPFI. Jane Street Group LLC lifted its position in OppFi by 28.9% during the third quarter. Jane Street Group LLC now owns 25,842 shares of the company's stock worth $122,000 after acquiring an additional 5,795 shares during the last quarter. Barclays PLC boosted its stake in OppFi by 95.9% in the 3rd quarter. Barclays PLC now owns 42,141 shares of the company's stock valued at $199,000 after purchasing an additional 20,630 shares during the period. Geode Capital Management LLC grew its holdings in OppFi by 4.7% in the 3rd quarter. Geode Capital Management LLC now owns 401,122 shares of the company's stock valued at $1,897,000 after buying an additional 18,149 shares in the last quarter. Baader Bank Aktiengesellschaft bought a new position in OppFi during the 4th quarter worth $195,000. Finally, Bank of New York Mellon Corp lifted its holdings in shares of 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 buying an additional 6,242 shares in the last quarter. 7.10% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the stock. Citizens Jmp cut shares of OppFi from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, February 12th. JMP Securities cut OppFi from an "outperform" rating to a "market perform" rating in a research note on Wednesday, February 12th. Finally, Northland Securities set a $13.00 price objective on OppFi in a research note on Thursday, March 6th.

Insider Activity

In other OppFi news, Director Theodore G. Schwartz sold 79,559 shares of the stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $9.13, for a total value of $726,373.67. Following the completion of the transaction, the director now directly owns 186,737 shares in the company, valued at approximately $1,704,908.81. This trade represents a 29.88 % 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, Director David Vennettilli sold 43,238 shares of OppFi stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $9.45, for a total value of $408,599.10. Following the sale, the director now directly owns 90,762 shares in the company, valued at $857,700.90. The trade was a 32.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,026,884 shares of company stock worth $9,478,588. Corporate insiders own 84.00% of the company's stock.

OppFi Trading Up 4.1 %

OppFi stock traded up $0.39 during trading hours on Friday, reaching $9.99. 170,894 shares of the stock were exchanged, compared to its average volume of 796,339. OppFi Inc. has a twelve month low of $2.63 and a twelve month high of $17.73. The company has a market cap of $863.10 million, a P/E ratio of 62.34 and a beta of 1.61. The stock has a 50 day moving average of $9.22 and a two-hundred day moving average of $8.95.

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

OppFi Announces Dividend

The business also recently declared 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.

OppFi 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.