OppFi Inc. (NYSE:OPFI) CFO Pamela D. Johnson Sells 35,890 Shares

OppFi Inc. (NYSE:OPFI - Get Free Report) CFO Pamela D. Johnson sold 35,890 shares of the stock in a transaction on Wednesday, June 11th. The stock was sold at an average price of $13.97, for a total transaction of $501,383.30. Following the completion of the transaction, the chief financial officer now directly owns 173,018 shares in the company, valued at $2,417,061.46. The trade was a 17.18% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

OppFi Stock Performance

OPFI stock traded down $0.38 during mid-day trading on Friday, reaching $12.19. 1,339,923 shares of the stock traded hands, compared to its average volume of 929,155. OppFi Inc. has a one year low of $3.09 and a one year high of $17.73. The stock has a market capitalization of $1.06 billion, a PE ratio of 76.16 and a beta of 1.73. The business has a 50-day moving average price of $10.91 and a two-hundred day moving average price of $10.33.

OppFi (NYSE:OPFI - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The company reported $0.38 EPS 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 firm had revenue of $140.27 million during the quarter, compared to analyst estimates of $137.71 million. On average, equities analysts expect that OppFi Inc. will post 0.86 earnings per share for the current fiscal year.

OppFi Announces Dividend

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

Wall Street Analyst Weigh In

OPFI has been the subject of several analyst reports. Northland Securities set a $13.00 price target on shares of OppFi in a research report on Thursday, March 6th. Stephens began coverage on shares of OppFi in a research report on Thursday. They issued an "equal weight" rating and a $14.50 target price for the company. Citizens Jmp raised shares of OppFi from a "market perform" rating to an "outperform" rating and set a $13.50 target price for the company in a research report on Thursday, May 8th. Finally, JMP Securities raised shares of OppFi from a "market perform" rating to a "market outperform" rating and set a $13.50 target price for the company in a research report on Thursday, May 8th.

Institutional Trading of OppFi

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