OppFi Inc. (NYSE:OPFI - Get Free Report) Director Theodore G. Schwartz sold 96,948 shares of OppFi stock in a transaction that occurred on Friday, June 13th. The shares were sold at an average price of $12.24, for a total transaction of $1,186,643.52. Following the sale, the director now owns 199,644 shares of the company's stock, valued at approximately $2,443,642.56. The trade was a 32.69% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.
OppFi Stock Performance
Shares of OPFI traded up $0.30 during trading hours on Friday, hitting $12.88. The stock had a trading volume of 1,229,469 shares, compared to its average volume of 940,179. The firm has a 50-day moving average price of $11.23 and a 200 day moving average price of $10.41. OppFi Inc. has a fifty-two week low of $3.09 and a fifty-two week high of $17.73. The firm has a market capitalization of $1.12 billion, a price-to-earnings ratio of -34.80 and a beta of 1.73.
OppFi (NYSE:OPFI - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The company reported $0.38 earnings per share for the quarter, beating analysts' consensus estimates of $0.26 by $0.12. OppFi had a negative net margin of 1.79% and a positive return on equity of 48.24%. The company had revenue of $140.27 million during the quarter, compared to analysts' expectations of $137.71 million. As a group, analysts predict that OppFi Inc. will post 0.86 EPS for the current fiscal year.
OppFi Dividend Announcement
The firm also recently declared a special dividend, which was paid on Friday, April 18th. Shareholders of record on Tuesday, April 8th were given a dividend of $0.25 per share. The ex-dividend date was Tuesday, April 8th.
Institutional Trading of OppFi
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Quarry LP acquired a new position in shares of OppFi during the 1st quarter worth approximately $27,000. Strategic Investment Solutions Inc. IL increased its holdings in OppFi by 65.5% in the 1st quarter. Strategic Investment Solutions Inc. IL now owns 3,227 shares of the company's stock worth $30,000 after acquiring an additional 1,277 shares in the last quarter. GAMMA Investing LLC raised its position in OppFi by 2,488.9% during the first quarter. GAMMA Investing LLC now owns 5,152 shares of the company's stock worth $48,000 after acquiring an additional 4,953 shares during the period. Quantbot Technologies LP lifted its holdings in OppFi by 393.4% during the first quarter. Quantbot Technologies LP now owns 7,169 shares of the company's stock valued at $67,000 after purchasing an additional 5,716 shares in the last quarter. Finally, Ancora Advisors LLC acquired a new stake in shares of OppFi in the fourth quarter valued at about $65,000. 7.10% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
OPFI has been the subject of several recent research reports. Stephens began coverage on shares of OppFi in a report on Thursday, June 12th. They set an "equal weight" rating and a $14.50 target price for the company. Northland Securities set a $13.00 price objective on OppFi in a research note on Thursday, March 6th. Citizens Jmp raised OppFi from a "market perform" rating to an "outperform" rating and set a $13.50 price objective for the company in a report on Thursday, May 8th. Finally, JMP Securities raised OppFi from a "market perform" rating to a "market outperform" rating and set a $13.50 target price on the stock in a report on Thursday, May 8th.
Check Out Our Latest Analysis on OPFI
OppFi Company Profile
(
Get 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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