Renaissance Technologies LLC raised its position in shares of OppFi Inc. (NYSE:OPFI - Free Report) by 52.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 826,115 shares of the company's stock after buying an additional 284,900 shares during the period. Renaissance Technologies LLC owned about 0.96% of OppFi worth $6,328,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also modified their holdings of the company. Jane Street Group LLC lifted its holdings in OppFi by 28.9% during 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 in the last quarter. XTX Topco Ltd acquired a new stake in shares of OppFi in the third quarter valued at $136,000. JPMorgan Chase & Co. boosted its holdings in OppFi by 271.7% in the third 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 during the period. Baader Bank Aktiengesellschaft acquired a new position in OppFi during the 4th quarter worth $195,000. Finally, Barclays PLC increased its holdings 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 purchasing an additional 20,630 shares during the period. 7.10% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Several equities analysts have recently issued reports on the company. Northland Securities set a $13.00 price objective on OppFi in a research note on Thursday, March 6th. JMP Securities downgraded shares of OppFi from an "outperform" rating to a "market perform" rating in a research note on Wednesday, February 12th. Finally, Citizens Jmp downgraded shares of OppFi from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, February 12th.
View Our Latest Research Report on OPFI
Insiders Place Their Bets
In other news, Director David Vennettilli sold 30,762 shares of OppFi stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $9.09, for a total value of $279,626.58. Following the transaction, the director now directly owns 90,762 shares of the company's stock, valued at $825,026.58. The trade was a 25.31 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Christopher J. Mckay sold 10,377 shares of the stock in a transaction on Thursday, April 3rd. The stock was sold at an average price of $9.00, for a total transaction of $93,393.00. Following the sale, the insider now owns 248,175 shares of the company's stock, valued at approximately $2,233,575. This represents a 4.01 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 915,727 shares of company stock valued at $8,495,960. 84.00% of the stock is currently owned by insiders.
OppFi Price Performance
Shares of NYSE OPFI traded up $0.33 during midday trading on Thursday, hitting $9.19. 296,364 shares of the company's stock were exchanged, compared to its average volume of 785,401. The firm's fifty day simple moving average is $9.49 and its 200-day simple moving average is $8.76. The company has a market cap of $794.15 million, a PE ratio of 57.44 and a beta of 1.61. OppFi Inc. has a twelve month low of $2.56 and a twelve month high of $17.73.
OppFi (NYSE:OPFI - Get Free Report) last released its quarterly earnings data on Wednesday, March 5th. The company reported $0.23 earnings per share for the quarter, topping analysts' consensus estimates of $0.14 by $0.09. OppFi had a net margin of 1.40% and a return on equity of 35.04%. The company had revenue of $135.72 million for the quarter, compared to analysts' expectations of $133.50 million. During the same quarter last year, the company earned $0.10 earnings per share. Equities analysts anticipate that OppFi Inc. will post 0.86 EPS for the current fiscal year.
OppFi Announces Dividend
The business also recently disclosed a special dividend, which was paid on Friday, April 18th. Shareholders of record on Tuesday, April 8th were paid a $0.25 dividend. The ex-dividend date was Tuesday, April 8th.
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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