OppFi Inc. Announces Dividend of $0.12 (NYSE:OPFI)

OppFi Inc. (NYSE:OPFI - Get Free Report) declared a dividend on Tuesday, April 9th, NASDAQ reports. Stockholders of record on Friday, April 19th will be given a dividend of 0.12 per share on Wednesday, May 1st. The ex-dividend date is Thursday, April 18th.

OppFi Stock Up 25.0 %

OPFI traded up $0.64 during trading hours on Tuesday, reaching $3.20. 2,864,698 shares of the company's stock traded hands, compared to its average volume of 342,328. The firm has a 50-day moving average price of $3.03 and a 200 day moving average price of $3.26. OppFi has a 52-week low of $1.81 and a 52-week high of $5.34. The firm has a market capitalization of $354.14 million, a PE ratio of -159.92 and a beta of 1.23.

OppFi (NYSE:OPFI - Get Free Report) last posted its quarterly earnings data on Thursday, March 7th. The company reported $0.10 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.07 by $0.03. OppFi had a positive return on equity of 23.92% and a negative net margin of 0.20%. The company had revenue of $132.92 million during the quarter, compared to analysts' expectations of $133.49 million. During the same quarter in the previous year, the business earned ($0.19) EPS. Equities analysts predict that OppFi will post 0.55 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its holdings in shares of OppFi by 4.5% in the fourth quarter. Vanguard Group Inc. now owns 818,698 shares of the company's stock valued at $4,192,000 after purchasing an additional 35,292 shares during the period. BlackRock Inc. increased its holdings in shares of OppFi by 15.3% in the second quarter. BlackRock Inc. now owns 748,898 shares of the company's stock valued at $1,528,000 after purchasing an additional 99,366 shares during the period. Renaissance Technologies LLC increased its holdings in shares of OppFi by 46.8% in the second quarter. Renaissance Technologies LLC now owns 180,606 shares of the company's stock valued at $368,000 after purchasing an additional 57,591 shares during the period. State Street Corp increased its holdings in shares of OppFi by 16.4% in the third quarter. State Street Corp now owns 158,127 shares of the company's stock valued at $364,000 after purchasing an additional 22,228 shares during the period. Finally, Nuveen Asset Management LLC increased its holdings in shares of OppFi by 2.8% in the fourth quarter. Nuveen Asset Management LLC now owns 110,671 shares of the company's stock valued at $567,000 after purchasing an additional 2,999 shares during the period. 7.10% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, JMP Securities upped their target price on OppFi from $3.25 to $5.00 and gave the stock a "market outperform" rating in a report on Friday, January 12th.

OppFi Company Profile

OppFi Inc operates a financial technology platform that allows banks to offer lending products. Its platform facilitates the OppLoans, an installment loan product; SalaryTap, a payroll deduction secured installment loan product; and OppFi Card, a credit card product. The company was founded in 2012 and is headquartered in Chicago, Illinois.