OppFi (NYSE:OPFI) Upgraded at Citizens Jmp

Citizens Jmp upgraded shares of OppFi (NYSE:OPFI - Free Report) from a market perform rating to an outperform rating in a research report released on Thursday morning, MarketBeat.com reports. Citizens Jmp currently has $13.50 price target on the stock.

Several other brokerages have also recently weighed in on OPFI. JMP Securities cut OppFi from an "outperform" rating to a "market perform" rating in a report on Wednesday, February 12th. Northland Securities set a $13.00 price objective on OppFi in a research report on Thursday, March 6th.

OppFi Trading Up 3.3%

Shares of OPFI traded up $0.40 during mid-day trading on Thursday, reaching $12.56. The company's stock had a trading volume of 903,423 shares, compared to its average volume of 825,322. The stock has a market cap of $1.09 billion, a P/E ratio of 78.50 and a beta of 1.61. The business has a 50-day simple moving average of $9.32 and a two-hundred day simple moving average of $9.29. OppFi has a 1-year low of $2.82 and a 1-year high of $17.73.

OppFi (NYSE:OPFI - Get Free Report) last released its quarterly earnings results 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. The business had revenue of $140.27 million during the quarter, compared to analysts' expectations of $137.71 million. OppFi had a return on equity of 35.04% and a net margin of 1.40%. Research analysts anticipate that OppFi will post 0.86 EPS for the current year.

OppFi Dividend Announcement

The business also recently announced a special dividend, which was paid on Friday, April 18th. Shareholders of record on Tuesday, April 8th were issued a dividend of $0.25 per share. The ex-dividend date was Tuesday, April 8th.

Insiders Place Their Bets

In related news, insider Christopher J. Mckay sold 10,377 shares of the company's stock in a transaction dated Monday, April 7th. The stock was sold at an average price of $7.54, for a total transaction of $78,242.58. Following the sale, the insider now owns 227,421 shares in the company, valued at $1,714,754.34. This represents a 4.36% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Theodore G. Schwartz sold 50,896 shares of the company's stock in a transaction dated Monday, April 21st. The shares were sold at an average price of $7.94, for a total value of $404,114.24. Following the sale, the director now owns 186,737 shares in the company, valued at approximately $1,482,691.78. The trade was a 21.42% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,027,991 shares of company stock valued at $9,489,160. 84.00% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On OppFi

Institutional investors and hedge funds have recently made changes to their positions in the business. JPMorgan Chase & Co. boosted its position in shares of OppFi by 271.7% during the 3rd 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 in the last quarter. Baader Bank Aktiengesellschaft acquired a new position in OppFi during the 4th quarter worth approximately $195,000. Geode Capital Management LLC raised its stake in 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 buying an additional 18,149 shares during the period. Barclays PLC raised its stake in OppFi by 95.9% during the 3rd quarter. Barclays PLC now owns 42,141 shares of the company's stock worth $199,000 after buying an additional 20,630 shares during the period. Finally, Bank of New York Mellon Corp raised its stake 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 buying an additional 6,242 shares during the period. 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.