Pamela D. Johnson Sells 5,495 Shares of OppFi Inc. (NYSE:OPFI) Stock

OppFi Inc. (NYSE:OPFI - Get Free Report) CFO Pamela D. Johnson sold 5,495 shares of the company's stock in a transaction that occurred on Wednesday, July 2nd. The shares were sold at an average price of $13.41, for a total value of $73,687.95. Following the completion of the transaction, the chief financial officer directly owned 164,570 shares in the company, valued at $2,206,883.70. The trade was a 3.23% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

OppFi Stock Down 0.1%

Shares of NYSE:OPFI traded down $0.01 during trading on Friday, reaching $13.50. 1,026,248 shares of the company traded hands, compared to its average volume of 981,989. The company's 50 day moving average is $12.32 and its two-hundred day moving average is $10.87. The firm has a market capitalization of $1.17 billion, a PE ratio of -36.49 and a beta of 1.73. OppFi Inc. has a 52 week low of $3.09 and a 52 week high of $17.73.

OppFi (NYSE:OPFI - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $0.38 EPS for the quarter, beating analysts' consensus estimates of $0.26 by $0.12. OppFi had a positive return on equity of 48.24% and a negative net margin of 1.79%. The business had revenue of $140.27 million during the quarter, compared to the consensus estimate of $137.71 million. As a group, research analysts anticipate that OppFi Inc. will post 0.86 EPS for the current year.

Hedge Funds Weigh In On OppFi

Several hedge funds and other institutional investors have recently made changes to their positions in OPFI. NewEdge Advisors LLC increased its stake in OppFi by 4.7% in the fourth quarter. NewEdge Advisors LLC now owns 18,328 shares of the company's stock valued at $140,000 after acquiring an additional 831 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake 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 purchasing an additional 866 shares during the last quarter. Strategic Investment Solutions Inc. IL raised its holdings in shares of OppFi by 65.5% during the 1st quarter. Strategic Investment Solutions Inc. IL now owns 3,227 shares of the company's stock worth $30,000 after buying an additional 1,277 shares in the last quarter. Wolverine Asset Management LLC lifted its position in shares of OppFi by 13.7% during the 1st quarter. Wolverine Asset Management LLC now owns 15,301 shares of the company's stock worth $142,000 after buying an additional 1,845 shares during the last quarter. Finally, Barclays PLC boosted its stake in OppFi by 5.6% in the fourth quarter. Barclays PLC now owns 44,521 shares of the company's stock valued at $341,000 after buying an additional 2,380 shares in the last quarter. 7.10% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on OPFI. Northland Securities set a $13.00 price objective on OppFi in a research report on Thursday, March 6th. Citizens Jmp raised shares of OppFi from a "market perform" rating to an "outperform" rating and set a $13.50 price target on the stock in a research report on Thursday, May 8th. Stephens initiated coverage on shares of OppFi in a research note on Thursday, June 12th. They issued an "equal weight" rating and a $14.50 price objective for the company. Finally, JMP Securities raised shares of OppFi from a "market perform" rating to a "market outperform" rating and set a $13.50 price objective for the company in a report on Thursday, May 8th.

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.