Marshall Wace LLP grew its holdings in OppFi Inc. (NYSE:OPFI - Free Report) by 249.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 617,366 shares of the company's stock after purchasing an additional 440,582 shares during the period. Marshall Wace LLP owned approximately 0.72% of OppFi worth $4,729,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also modified their holdings of OPFI. JPMorgan Chase & Co. increased its stake in OppFi by 271.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 36,585 shares of the company's stock valued at $173,000 after buying an additional 26,742 shares during the period. Barclays PLC increased its stake in shares of OppFi by 95.9% in the third quarter. Barclays PLC now owns 42,141 shares of the company's stock worth $199,000 after acquiring an additional 20,630 shares during the last quarter. Baader Bank Aktiengesellschaft purchased a new stake in shares of OppFi during the fourth quarter worth $195,000. Geode Capital Management LLC grew its stake in OppFi by 4.7% in the third quarter. Geode Capital Management LLC now owns 401,122 shares of the company's stock valued at $1,897,000 after purchasing an additional 18,149 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its stake in shares of OppFi by 22.4% during the 4th quarter. Bank of New York Mellon Corp now owns 34,156 shares of the company's stock worth $262,000 after purchasing an additional 6,242 shares in the last quarter. Institutional investors and hedge funds own 7.10% of the company's stock.
Analyst Ratings Changes
A number of research firms have issued reports on OPFI. JMP Securities cut shares of OppFi from an "outperform" rating to a "market perform" rating in a research note on Wednesday, February 12th. Northland Securities set a $13.00 target price on OppFi in a report on Thursday, March 6th. Finally, Citizens Jmp cut OppFi from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, February 12th.
Get Our Latest Stock Report on OppFi
OppFi Trading Down 1.4 %
OPFI traded down $0.13 during trading on Wednesday, hitting $9.35. The stock had a trading volume of 856,226 shares, compared to its average volume of 796,979. The firm has a market cap of $807.89 million, a PE ratio of 58.44 and a beta of 1.61. OppFi Inc. has a 12 month low of $2.61 and a 12 month high of $17.73. The company has a 50 day simple moving average of $9.24 and a 200-day simple moving average of $8.92.
OppFi (NYSE:OPFI - Get Free Report) last issued its quarterly earnings results on Wednesday, March 5th. The company reported $0.23 EPS for the quarter, topping the consensus estimate of $0.14 by $0.09. OppFi had a return on equity of 35.04% and a net margin of 1.40%. The company had revenue of $135.72 million for the quarter, compared to the consensus estimate of $133.50 million. During the same period in the previous year, the business posted $0.10 EPS. As a group, sell-side analysts anticipate that OppFi Inc. will post 0.86 earnings per share for the current fiscal year.
OppFi Dividend Announcement
The business also recently announced a special dividend, which was paid on Friday, April 18th. Investors of record on Tuesday, April 8th were paid a dividend of $0.25 per share. The ex-dividend date was Tuesday, April 8th.
Insider Buying and Selling at OppFi
In other OppFi news, insider Christopher J. Mckay sold 10,377 shares of the company's stock in a transaction that occurred on Thursday, April 3rd. The stock was sold at an average price of $9.00, for a total value of $93,393.00. Following the completion of the transaction, the insider now owns 248,175 shares of the company's stock, valued at $2,233,575. This represents a 4.01 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director David Vennettilli sold 30,762 shares of OppFi stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $9.09, for a total value of $279,626.58. Following the sale, the director now directly owns 90,762 shares in the company, valued at $825,026.58. The trade was a 25.31 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,026,884 shares of company stock valued at $9,478,588 in the last ninety days. Company insiders own 84.00% of the company's stock.
OppFi Company Profile
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Free Report)
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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