OppFi (NYSE:OPFI) Sees Strong Trading Volume - Should You Buy?

OppFi Inc. (NYSE:OPFI - Get Free Report) shares saw unusually-high trading volume on Tuesday . Approximately 954,242 shares were traded during mid-day trading, an increase of 11% from the previous session's volume of 856,763 shares.The stock last traded at $12.82 and had previously closed at $11.98.

Analyst Ratings Changes

A number of analysts have recently commented on OPFI shares. Citizens Jmp upgraded OppFi from a "market perform" rating to an "outperform" rating and set a $13.50 target price on the stock in a research report on Thursday, May 8th. Northland Securities set a $13.00 price objective on OppFi in a report on Thursday, March 6th. Finally, JMP Securities raised OppFi from a "market perform" rating to a "market outperform" rating and set a $13.50 price objective on the stock in a report on Thursday, May 8th.

OppFi Stock Performance

The company has a market capitalization of $1.10 billion, a price-to-earnings ratio of 79.13 and a beta of 1.61. The stock's 50-day moving average price is $10.04 and its 200-day moving average price is $9.86.

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%. The firm had revenue of $140.27 million for the quarter, compared to analyst estimates of $137.71 million. Analysts anticipate that OppFi Inc. will post 0.86 earnings per share for the current year.

OppFi Announces Dividend

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

Insider Activity at OppFi

In other OppFi news, Director David Vennettilli sold 43,238 shares of OppFi stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $9.45, for a total value of $408,599.10. Following the transaction, the director now owns 90,762 shares in the company, valued at approximately $857,700.90. The trade was a 32.27% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Christopher J. Mckay sold 10,377 shares of OppFi stock in a transaction that occurred on Thursday, April 3rd. The stock was sold at an average price of $9.00, for a total transaction of $93,393.00. Following the transaction, the insider now owns 248,175 shares in the company, valued at approximately $2,233,575. The trade was a 4.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 1,417,656 shares of company stock worth $14,134,092. Corporate insiders own 72.00% of the company's stock.

Institutional Trading of OppFi

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Renaissance Technologies LLC lifted its position in shares of OppFi by 52.6% during the 4th quarter. Renaissance Technologies LLC now owns 826,115 shares of the company's stock worth $6,328,000 after purchasing an additional 284,900 shares during the last quarter. Marshall Wace LLP lifted its position in shares of OppFi by 249.2% during the 4th quarter. Marshall Wace LLP now owns 617,366 shares of the company's stock worth $4,729,000 after purchasing an additional 440,582 shares during the last quarter. Two Sigma Investments LP lifted its position in shares of OppFi by 19.8% during the 4th quarter. Two Sigma Investments LP now owns 447,260 shares of the company's stock worth $3,426,000 after purchasing an additional 73,905 shares during the last quarter. Two Sigma Advisers LP increased its stake in OppFi by 27.9% during the fourth quarter. Two Sigma Advisers LP now owns 429,100 shares of the company's stock valued at $3,287,000 after acquiring an additional 93,700 shares during the period. Finally, Geode Capital Management LLC increased its stake in OppFi by 2.8% during the fourth quarter. Geode Capital Management LLC now owns 412,361 shares of the company's stock valued at $3,160,000 after acquiring an additional 11,239 shares during the period. Institutional investors and hedge funds own 7.10% of the company's stock.

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.