OppFi Inc. (NYSE:OPFI) Shares Sold by Manatuck Hill Partners LLC

Manatuck Hill Partners LLC cut its stake in shares of OppFi Inc. (NYSE:OPFI - Free Report) by 40.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 75,000 shares of the company's stock after selling 50,000 shares during the period. Manatuck Hill Partners LLC owned approximately 0.09% of OppFi worth $574,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Jane Street Group LLC boosted its stake in shares of OppFi by 28.9% in the third quarter. Jane Street Group LLC now owns 25,842 shares of the company's stock valued at $122,000 after buying an additional 5,795 shares in the last quarter. Barclays PLC boosted its position in shares of OppFi by 95.9% during the 3rd quarter. Barclays PLC now owns 42,141 shares of the company's stock worth $199,000 after purchasing an additional 20,630 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of OppFi by 4.7% during the 3rd quarter. Geode Capital Management LLC now owns 401,122 shares of the company's stock worth $1,897,000 after purchasing an additional 18,149 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of OppFi by 271.7% in the third quarter. JPMorgan Chase & Co. now owns 36,585 shares of the company's stock valued at $173,000 after purchasing an additional 26,742 shares during the period. Finally, Baader Bank Aktiengesellschaft purchased a new stake in OppFi during the fourth quarter worth about $195,000. 7.10% of the stock is owned by institutional investors and hedge funds.

OppFi Stock Performance

OPFI traded up $0.78 on Wednesday, reaching $10.48. 1,010,425 shares of the company's stock were exchanged, compared to its average volume of 805,748. OppFi Inc. has a twelve month low of $2.67 and a twelve month high of $17.73. The company's 50 day moving average is $9.18 and its 200-day moving average is $9.08. The company has a market cap of $905.09 million, a price-to-earnings ratio of 65.29 and a beta of 1.61.

OppFi (NYSE:OPFI - Get Free Report) last posted its earnings results on Wednesday, May 7th. The company reported $0.38 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.26 by $0.12. OppFi had a return on equity of 35.04% and a net margin of 1.40%. Sell-side analysts forecast that OppFi Inc. will post 0.86 EPS for the current year.

OppFi Announces Dividend

The company also recently disclosed a special dividend, which was paid on Friday, April 18th. Shareholders of record on Tuesday, April 8th were given a $0.25 dividend. The ex-dividend date of this dividend was Tuesday, April 8th.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Citizens Jmp cut OppFi from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, February 12th. JMP Securities lowered shares of OppFi from an "outperform" rating to a "market perform" rating in a research report on Wednesday, February 12th. Finally, Northland Securities set a $13.00 price objective on OppFi in a research report on Thursday, March 6th.

Insider Transactions at OppFi

In other news, Director David Vennettilli sold 43,238 shares of the company's stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $9.45, for a total value of $408,599.10. Following the sale, the director now owns 90,762 shares in the company, valued at approximately $857,700.90. This represents a 32.27 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Theodore G. Schwartz sold 79,762 shares of OppFi stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $9.13, for a total value of $728,227.06. Following the completion of the transaction, the director now owns 186,737 shares of the company's stock, valued at $1,704,908.81. This trade represents a 29.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,027,991 shares of company stock valued at $9,489,160. 84.00% of the stock is currently owned by insiders.

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.