Insider Selling: OppFi Inc. (NYSE:OPFI) Director Sells 128,188 Shares of Stock

OppFi Inc. (NYSE:OPFI - Get Free Report) Director Theodore G. Schwartz sold 128,188 shares of the business's stock in a transaction on Monday, July 14th. The stock was sold at an average price of $12.05, for a total transaction of $1,544,665.40. Following the transaction, the director directly owned 199,644 shares in the company, valued at $2,405,710.20. This trade represents a 39.10% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

OppFi Stock Up 0.2%

Shares of OPFI traded up $0.02 during trading hours on Friday, reaching $11.67. The stock had a trading volume of 434,469 shares, compared to its average volume of 1,018,715. OppFi Inc. has a 52 week low of $3.09 and a 52 week high of $17.73. The firm has a 50-day moving average of $12.90 and a 200 day moving average of $11.25. The company has a market cap of $1.01 billion, a P/E ratio of -31.54 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 EPS 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 business had revenue of $140.27 million during the quarter, compared to analysts' expectations of $137.71 million. As a group, equities analysts expect that OppFi Inc. will post 0.86 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. JMP Securities upgraded OppFi from a "market perform" rating to a "market outperform" rating and set a $13.50 price objective on the stock in a research note on Thursday, May 8th. Citizens Jmp raised OppFi from a "market perform" rating to an "outperform" rating and set a $13.50 target price on the stock in a report on Thursday, May 8th. Finally, Stephens assumed coverage on OppFi in a report on Thursday, June 12th. They issued an "equal weight" rating and a $14.50 target price on the stock.

Hedge Funds Weigh In On OppFi

A number of large investors have recently added to or reduced their stakes in OPFI. Bank of New York Mellon Corp increased its holdings in OppFi by 22.4% during the 4th quarter. Bank of New York Mellon Corp now owns 34,156 shares of the company's stock worth $262,000 after purchasing an additional 6,242 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of OppFi by 8.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 54,359 shares of the company's stock valued at $416,000 after acquiring an additional 4,398 shares in the last quarter. Victory Capital Management Inc. bought a new position in shares of OppFi in the 4th quarter valued at about $282,000. Raymond James Financial Inc. bought a new position in shares of OppFi in the 4th quarter valued at about $228,000. Finally, Harvest Fund Management Co. Ltd bought a new position in shares of OppFi in the 4th quarter valued at about $231,000. Institutional investors own 7.10% of the company's stock.

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.