OppFi Inc. (NYSE:OPFI) Director Theodore G. Schwartz Sells 121,812 Shares

OppFi Inc. (NYSE:OPFI - Get Free Report) Director Theodore G. Schwartz sold 121,812 shares of the business's stock in a transaction dated Friday, July 11th. The stock was sold at an average price of $12.70, for a total transaction of $1,547,012.40. Following the transaction, the director owned 199,644 shares in the company, valued at $2,535,478.80. The trade was a 37.89% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

OppFi Price Performance

Shares of OPFI stock traded up $0.27 during mid-day trading on Wednesday, hitting $11.76. The stock had a trading volume of 1,262,427 shares, compared to its average volume of 1,018,286. The company's 50-day simple moving average is $12.90 and its 200-day simple moving average is $11.22. The firm has a market cap of $1.02 billion, a PE ratio of -31.77 and a beta of 1.73. OppFi Inc. has a fifty-two week low of $3.09 and a fifty-two week high of $17.73.

OppFi (NYSE:OPFI - Get Free Report) last posted its earnings results on Wednesday, May 7th. The company reported $0.38 earnings per share for the quarter, beating the consensus estimate of $0.26 by $0.12. OppFi had a negative net margin of 1.79% and a positive return on equity of 48.24%. The firm had revenue of $140.27 million during the quarter, compared to the consensus estimate of $137.71 million. On average, analysts expect that OppFi Inc. will post 0.86 EPS for the current year.

Institutional Investors Weigh In On OppFi

A number of institutional investors have recently bought and sold shares of the stock. Financial Management Professionals Inc. acquired a new position in OppFi during the second quarter valued at approximately $25,000. Quarry LP bought a new stake in shares of OppFi in the first quarter worth $27,000. Strategic Investment Solutions Inc. IL increased its stake in shares of OppFi by 65.5% in the first quarter. Strategic Investment Solutions Inc. IL now owns 3,227 shares of the company's stock worth $30,000 after buying an additional 1,277 shares during the last quarter. GAMMA Investing LLC increased its stake in OppFi by 2,488.9% during the first quarter. GAMMA Investing LLC now owns 5,152 shares of the company's stock valued at $48,000 after purchasing an additional 4,953 shares during the last quarter. Finally, Ancora Advisors LLC bought a new stake in OppFi during the fourth quarter valued at $65,000. 7.10% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

OPFI has been the topic of a number of research analyst reports. Stephens initiated coverage on shares of OppFi in a research note on Thursday, June 12th. They issued an "equal weight" rating and a $14.50 price target on the stock. JMP Securities raised shares of OppFi from a "market perform" rating to a "market outperform" rating and set a $13.50 target price on the stock in a research note on Thursday, May 8th. Finally, Citizens Jmp raised shares of OppFi from a "market perform" rating to an "outperform" rating and set a $13.50 price objective on the stock in a research report on Thursday, May 8th.

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.