Raymond James Financial Inc. Takes Position in OppFi Inc. (NYSE:OPFI)

Raymond James Financial Inc. bought a new position in shares of OppFi Inc. (NYSE:OPFI - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 29,828 shares of the company's stock, valued at approximately $228,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Jane Street Group LLC boosted its holdings in OppFi by 28.9% in the 3rd quarter. Jane Street Group LLC now owns 25,842 shares of the company's stock worth $122,000 after acquiring an additional 5,795 shares during the period. JPMorgan Chase & Co. boosted its holdings in OppFi by 271.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 36,585 shares of the company's stock worth $173,000 after acquiring an additional 26,742 shares during the period. Baader Bank Aktiengesellschaft purchased a new position in OppFi in the 4th quarter worth approximately $195,000. Barclays PLC boosted its holdings in OppFi by 95.9% in the 3rd quarter. Barclays PLC now owns 42,141 shares of the company's stock worth $199,000 after acquiring an additional 20,630 shares during the period. Finally, Harvest Fund Management Co. Ltd purchased a new position in OppFi in the 4th quarter worth approximately $231,000. Institutional investors and hedge funds own 7.10% of the company's stock.

OppFi Stock Up 3.6%

Shares of OppFi stock traded up $0.42 on Friday, hitting $11.81. 757,784 shares of the company's stock traded hands, compared to its average volume of 844,756. The firm's 50-day moving average is $9.52 and its 200 day moving average is $9.47. OppFi Inc. has a 52-week low of $2.92 and a 52-week high of $17.73. The stock has a market cap of $1.02 billion, a P/E ratio of 73.79 and a beta of 1.61.

OppFi (NYSE:OPFI - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The company reported $0.38 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analysts' expectations of $137.71 million. Equities research analysts forecast that OppFi Inc. will post 0.86 EPS for the current year.

OppFi Announces Dividend

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 of this dividend was Tuesday, April 8th.

Wall Street Analyst Weigh In

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

Insider Buying and Selling

In other OppFi news, Director David Vennettilli sold 30,762 shares of the firm's stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $9.09, for a total value of $279,626.58. Following the sale, the director now directly owns 90,762 shares in the company, valued at approximately $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 can be accessed through this link. Also, Director Theodore G. Schwartz sold 79,762 shares of the firm's stock in a transaction on Friday, March 14th. The shares were sold at an average price of $9.13, for a total value of $728,227.06. Following the completion of the sale, the director now owns 186,737 shares in the company, valued at $1,704,908.81. The trade was a 29.93% 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 worth $14,134,092 over the last ninety days. 72.00% of the stock is owned by insiders.

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.