LB Partners LLC Makes New $1.64 Million Investment in OppFi Inc. (NYSE:OPFI)

LB Partners LLC purchased a new position in shares of OppFi Inc. (NYSE:OPFI - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 320,000 shares of the company's stock, valued at approximately $1,638,000. OppFi comprises approximately 1.8% of LB Partners LLC's investment portfolio, making the stock its 15th largest holding. LB Partners LLC owned about 0.29% of OppFi at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. BlackRock Inc. boosted its holdings in OppFi by 15.3% during the 2nd quarter. BlackRock Inc. now owns 748,898 shares of the company's stock valued at $1,528,000 after acquiring an additional 99,366 shares during the period. State Street Corp boosted its holdings in OppFi by 204.5% during the 2nd quarter. State Street Corp now owns 135,899 shares of the company's stock valued at $447,000 after acquiring an additional 91,265 shares during the period. Northern Trust Corp boosted its holdings in OppFi by 371.6% during the 2nd quarter. Northern Trust Corp now owns 108,227 shares of the company's stock valued at $356,000 after acquiring an additional 85,276 shares during the period. Renaissance Technologies LLC boosted its holdings in OppFi by 254.7% during the 2nd quarter. Renaissance Technologies LLC now owns 98,600 shares of the company's stock valued at $324,000 after acquiring an additional 70,800 shares during the period. Finally, Vanguard Group Inc. boosted its holdings in OppFi by 11.2% during the 3rd quarter. Vanguard Group Inc. now owns 588,485 shares of the company's stock valued at $1,354,000 after acquiring an additional 59,101 shares during the period. Institutional investors own 7.10% of the company's stock.

Analysts Set New Price Targets

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

OppFi Price Performance

OPFI remained flat at $3.21 during midday trading on Wednesday. The company's stock had a trading volume of 453,967 shares, compared to its average volume of 343,956. The firm has a 50 day moving average price of $3.03 and a two-hundred day moving average price of $3.26. The company has a market cap of $355.25 million, a PE ratio of -160.42 and a beta of 1.23. OppFi Inc. has a fifty-two week low of $1.81 and a fifty-two week high of $5.34.

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

OppFi Dividend Announcement

The firm also recently declared a dividend, which will be paid on Wednesday, May 1st. Shareholders of record on Friday, April 19th will be given a dividend of $0.12 per share. The ex-dividend date is Thursday, April 18th.

OppFi 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.

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