Theodore G. Schwartz Sells 102,325 Shares of OppFi Inc. (NYSE:OPFI) Stock

Key Points

• Director Theodore G. Schwartz sold 102,325 shares of OppFi Inc. stock for a total of $1,105,110, which marks a 33.89% decrease in his position.
• OppFi reported earnings of $0.45 per share, exceeding analysts' expectations, and had a revenue of $142.44 million for the previous quarter.
• Institutional investors have increased their holdings in OppFi, with significant stakes raised by multiple firms including a 161.8% increase by Arrowstreet Capital last quarter.

OppFi Inc. (NYSE:OPFI - Get Free Report) Director Theodore G. Schwartz sold 102,325 shares of the business's stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $10.80, for a total transaction of $1,105,110.00. Following the completion of the sale, the director owned 199,644 shares of the company's stock, valued at approximately $2,156,155.20. The trade was a 33.89% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

OppFi Price Performance

OppFi stock traded down $0.15 during mid-day trading on Friday, reaching $10.42. 888,148 shares of the company traded hands, compared to its average volume of 1,132,550. The firm's 50 day moving average price is $12.22 and its 200 day moving average price is $11.33. The firm has a market capitalization of $909.73 million, a price-to-earnings ratio of -7.95 and a beta of 1.71. OppFi Inc. has a 52-week low of $3.93 and a 52-week high of $17.73.

OppFi (NYSE:OPFI - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The company reported $0.45 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.30 by $0.15. The business had revenue of $142.44 million for the quarter, compared to the consensus estimate of $141.19 million. OppFi had a negative net margin of 6.04% and a positive return on equity of 53.83%. On average, sell-side analysts anticipate that OppFi Inc. will post 0.86 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in OPFI. Financial Management Professionals Inc. purchased a new stake in OppFi during the 2nd quarter valued at about $25,000. Quarry LP purchased a new position in shares of OppFi during the first quarter valued at approximately $27,000. Strategic Investment Solutions Inc. IL raised its holdings in shares of OppFi by 65.5% during the first quarter. Strategic Investment Solutions Inc. IL now owns 3,227 shares of the company's stock valued at $30,000 after purchasing an additional 1,277 shares during the last quarter. Russell Investments Group Ltd. raised its holdings in shares of OppFi by 217.6% during the second quarter. Russell Investments Group Ltd. now owns 4,681 shares of the company's stock valued at $65,000 after purchasing an additional 3,207 shares during the last quarter. Finally, GAMMA Investing LLC raised its holdings in shares of OppFi by 2,488.9% during the first quarter. GAMMA Investing LLC now owns 5,152 shares of the company's stock valued at $48,000 after purchasing an additional 4,953 shares during the last quarter. 7.10% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on OPFI. Stephens began coverage on shares of OppFi in a report on Thursday, June 12th. They set an "equal weight" rating and a $14.50 price target for the company. Zacks Research upgraded shares of OppFi to a "strong-buy" rating in a report on Friday, August 8th. JMP Securities upgraded shares of OppFi from a "market perform" rating to a "market outperform" rating and set a $13.50 price target for the company in a report on Thursday, May 8th. Finally, Citizens Jmp upgraded shares of OppFi from a "market perform" rating to an "outperform" rating and set a $13.50 price target for the company in a report on Thursday, May 8th. One investment analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus price target of $13.63.

About OppFi

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.