OppFi Inc. (NYSE:OPFI - Get Free Report) gapped up prior to trading on Wednesday . The stock had previously closed at $13.03, but opened at $13.48. OppFi shares last traded at $13.20, with a volume of 564,533 shares trading hands.
Analysts Set New Price Targets
Several research analysts have recently issued reports on OPFI shares. Northland Securities set a $13.00 target price on shares of OppFi in a research note on Thursday, March 6th. JMP Securities raised shares of OppFi from a "market perform" rating to a "market outperform" rating and set a $13.50 target price on the stock in a research note on Thursday, May 8th. Finally, Citizens Jmp raised shares of OppFi from a "market perform" rating to an "outperform" rating and set a $13.50 target price on the stock in a research note on Thursday, May 8th.
Get Our Latest Research Report on OppFi
OppFi Trading Down 2.2%
The firm's 50 day moving average is $10.04 and its two-hundred day moving average is $9.88. The firm has a market cap of $1.10 billion, a P/E ratio of 79.13 and a beta of 1.61.
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, topping the consensus estimate of $0.26 by $0.12. OppFi had a net margin of 1.40% and a return on equity of 35.04%. The business had revenue of $140.27 million for the quarter, compared to analyst estimates of $137.71 million. Analysts predict that OppFi Inc. will post 0.86 EPS for the current fiscal year.
OppFi Dividend Announcement
The company also recently disclosed a special dividend, which was paid on Friday, April 18th. Investors of record on Tuesday, April 8th were paid a dividend of $0.25 per share. The ex-dividend date was Tuesday, April 8th.
Insider Buying and Selling
In other OppFi news, insider Christopher J. Mckay sold 10,377 shares of the firm's stock in a transaction that occurred on Thursday, April 3rd. The shares were sold at an average price of $9.00, for a total transaction of $93,393.00. Following the sale, the insider now directly owns 248,175 shares in the company, valued at approximately $2,233,575. This trade represents a 4.01% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director David Vennettilli sold 30,762 shares of the firm's stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $9.09, for a total transaction of $279,626.58. Following the sale, the director now owns 90,762 shares in the company, valued at $825,026.58. This trade represents a 25.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,417,656 shares of company stock valued at $14,134,092 in the last 90 days. 72.00% of the stock is owned by insiders.
Institutional Trading of OppFi
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. NewEdge Advisors LLC raised its holdings in shares of OppFi by 4.7% in the fourth quarter. NewEdge Advisors LLC now owns 18,328 shares of the company's stock valued at $140,000 after purchasing an additional 831 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of OppFi by 8.7% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,801 shares of the company's stock valued at $83,000 after purchasing an additional 866 shares during the last quarter. Strategic Investment Solutions Inc. IL raised its holdings in shares of OppFi by 65.5% in 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. Wolverine Asset Management LLC raised its holdings in shares of OppFi by 13.7% in the first quarter. Wolverine Asset Management LLC now owns 15,301 shares of the company's stock valued at $142,000 after purchasing an additional 1,845 shares during the last quarter. Finally, Barclays PLC raised its holdings in shares of OppFi by 5.6% in the fourth quarter. Barclays PLC now owns 44,521 shares of the company's stock valued at $341,000 after purchasing an additional 2,380 shares during the last quarter. 7.10% of the stock is currently owned by institutional investors and hedge funds.
About OppFi
(
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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