OppFi Inc. (NYSE:OPFI - Get Free Report)'s share price 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.
Wall Street Analyst Weigh In
OPFI has been the topic of a number of analyst reports. Northland Securities set a $13.00 price target on OppFi in a research note on Thursday, March 6th. Citizens Jmp upgraded OppFi from a "market perform" rating to an "outperform" rating and set a $13.50 price target on the stock in a research note on Thursday, May 8th. Finally, JMP Securities upgraded OppFi from a "market perform" rating to a "market outperform" rating and set a $13.50 price target on the stock in a research note on Thursday, May 8th.
Read Our Latest Research Report on OPFI
OppFi Price Performance
The stock has a 50-day moving average price of $9.89 and a 200 day moving average price of $9.76. The firm has a market cap of $1.13 billion, a price-to-earnings ratio of 81.63 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 EPS for the quarter, topping 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 business had revenue of $140.27 million for the quarter, compared to analysts' expectations of $137.71 million. As a group, equities research analysts predict that OppFi Inc. will post 0.86 earnings per share for the current year.
OppFi Announces Dividend
The business also recently declared a special dividend, which was paid on Friday, April 18th. Investors of record on Tuesday, April 8th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Tuesday, April 8th.
Insider Buying and Selling
In related news, Director David Vennettilli sold 30,762 shares of the firm's stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $9.09, for a total transaction of $279,626.58. Following the transaction, the director now owns 90,762 shares of the company's stock, valued at $825,026.58. This trade represents a 25.31% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Theodore G. Schwartz sold 185,086 shares of OppFi stock in a transaction that occurred on Thursday, May 15th. The shares were sold at an average price of $11.59, for a total value of $2,145,146.74. Following the completion of the sale, the director now directly owns 186,737 shares in the company, valued at $2,164,281.83. This represents a 49.78% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,417,656 shares of company stock valued at $14,134,092 over the last quarter. 72.00% of the stock is currently owned by insiders.
Institutional Investors Weigh In On OppFi
A number of institutional investors have recently added to or reduced their stakes in OPFI. Marshall Wace LLP boosted its holdings in OppFi by 249.2% in the 4th quarter. Marshall Wace LLP now owns 617,366 shares of the company's stock valued at $4,729,000 after purchasing an additional 440,582 shares in the last quarter. Renaissance Technologies LLC boosted its holdings in OppFi by 52.6% in the 4th quarter. Renaissance Technologies LLC now owns 826,115 shares of the company's stock valued at $6,328,000 after purchasing an additional 284,900 shares in the last quarter. Trexquant Investment LP boosted its holdings in OppFi by 232.4% in the 1st quarter. Trexquant Investment LP now owns 392,333 shares of the company's stock valued at $3,649,000 after purchasing an additional 274,318 shares in the last quarter. Tudor Investment Corp ET AL boosted its holdings in OppFi by 310.7% in the 4th quarter. Tudor Investment Corp ET AL now owns 276,331 shares of the company's stock valued at $2,117,000 after purchasing an additional 209,045 shares in the last quarter. Finally, Bank of America Corp DE boosted its holdings in OppFi by 1,745.7% in the 4th quarter. Bank of America Corp DE now owns 206,317 shares of the company's stock valued at $1,580,000 after purchasing an additional 195,139 shares in the last quarter. Hedge funds and other institutional investors own 7.10% of the company's stock.
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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