Raymond James Financial Inc. acquired a new position in OppFi Inc. (NYSE:OPFI - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 29,828 shares of the company's stock, valued at approximately $228,000.
A number of other large investors have also recently bought and sold shares of the business. Charles Schwab Investment Management Inc. lifted its position in shares of OppFi by 8.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 54,359 shares of the company's stock worth $416,000 after purchasing an additional 4,398 shares during the last quarter. Jane Street Group LLC increased its position 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 buying an additional 5,795 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of OppFi by 22.4% during the fourth 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 last quarter. Quadrature Capital Ltd bought a new stake in shares of OppFi in the third quarter valued at approximately $60,000. Finally, Geode Capital Management LLC grew its stake in shares of OppFi by 4.7% in the third quarter. Geode Capital Management LLC now owns 401,122 shares of the company's stock worth $1,897,000 after acquiring an additional 18,149 shares during the last quarter. 7.10% of the stock is currently owned by institutional investors.
OppFi Price Performance
OPFI remained flat at $8.35 during mid-day trading on Thursday. The company's stock had a trading volume of 51,210 shares, compared to its average volume of 772,902. The company has a market cap of $721.48 million, a PE ratio of 52.10 and a beta of 1.61. OppFi Inc. has a 52-week low of $2.56 and a 52-week high of $17.73. The stock has a 50 day moving average price of $10.07 and a two-hundred day moving average price of $8.63.
OppFi (NYSE:OPFI - Get Free Report) last posted its quarterly earnings results on Wednesday, March 5th. The company reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.09. OppFi had a return on equity of 35.04% and a net margin of 1.40%. The business had revenue of $135.72 million for the quarter, compared to analyst estimates of $133.50 million. During the same period last year, the company earned $0.10 EPS. On average, equities analysts expect that OppFi Inc. will post 0.86 earnings per share for the current fiscal year.
OppFi Dividend Announcement
The business also recently disclosed a special dividend, which will be paid on Friday, April 18th. Investors of record on Tuesday, April 8th will be given a $0.25 dividend. The ex-dividend date of this dividend is Tuesday, April 8th.
Insider Activity at OppFi
In other news, insider Christopher J. Mckay sold 10,377 shares of the business's stock in a transaction dated Monday, April 7th. The shares were sold at an average price of $7.54, for a total transaction of $78,242.58. Following the transaction, the insider now directly owns 227,421 shares in the company, valued at $1,714,754.34. The trade was a 4.36 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Theodore G. Schwartz sold 165,174 shares of the company's stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $10.58, for a total value of $1,747,540.92. Following the completion of the sale, the director now owns 186,737 shares in the company, valued at $1,975,677.46. This represents a 46.94 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 829,890 shares of company stock valued at $7,802,185. 84.00% of the stock is owned by corporate insiders.
Wall Street Analyst Weigh In
A number of research firms recently weighed in on OPFI. JMP Securities downgraded OppFi from an "outperform" rating to a "market perform" rating in a research report on Wednesday, February 12th. Northland Securities set a $13.00 price objective on OppFi in a report on Thursday, March 6th. Finally, Citizens Jmp lowered OppFi from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, February 12th.
Get Our Latest Stock Analysis on OppFi
About OppFi
(
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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