OppFi Inc. (NYSE:OPFI - Get Free Report) Director Theodore G. Schwartz sold 122,531 shares of OppFi stock in a transaction that occurred on Tuesday, June 17th. The stock was sold at an average price of $11.81, for a total value of $1,447,091.11. Following the completion of the transaction, the director now owns 199,644 shares of the company's stock, valued at approximately $2,357,795.64. This trade represents a 38.03% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link.
OppFi Stock Up 5.3%
OPFI stock traded up $0.64 during trading on Wednesday, hitting $12.59. The company had a trading volume of 1,126,644 shares, compared to its average volume of 1,644,390. OppFi Inc. has a 52-week low of $3.09 and a 52-week high of $17.73. The company has a 50 day simple moving average of $11.07 and a 200-day simple moving average of $10.37. The firm has a market capitalization of $1.09 billion, a P/E ratio of -34.01 and a beta of 1.73.
OppFi (NYSE:OPFI - Get Free Report) last issued its earnings results on Wednesday, May 7th. The company reported $0.38 EPS for the quarter, topping analysts' consensus estimates of $0.26 by $0.12. The business had revenue of $140.27 million for the quarter, compared to the consensus estimate of $137.71 million. OppFi had a negative net margin of 1.79% and a positive return on equity of 48.24%. Sell-side analysts forecast that OppFi Inc. will post 0.86 earnings per share for the current year.
OppFi Dividend Announcement
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 $0.25 dividend. The ex-dividend date was Tuesday, April 8th.
Analysts Set New Price Targets
A number of analysts recently issued reports on the company. Citizens Jmp upgraded OppFi from a "market perform" rating to an "outperform" rating and set a $13.50 price target for the company in a research report on Thursday, May 8th. JMP Securities upgraded 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. Stephens started coverage on OppFi in a report on Thursday, June 12th. They issued an "equal weight" rating and a $14.50 price target on the stock. Finally, Northland Securities set a $13.00 price objective on OppFi in a report on Thursday, March 6th.
Get Our Latest Stock Report on OppFi
Institutional Inflows and Outflows
Institutional investors have recently bought and sold shares of the company. Quarry LP purchased a new position in OppFi during the 1st quarter valued at about $27,000. Strategic Investment Solutions Inc. IL boosted its stake in shares of OppFi by 65.5% during the first quarter. Strategic Investment Solutions Inc. IL now owns 3,227 shares of the company's stock valued at $30,000 after purchasing an additional 1,277 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of 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 in the last quarter. Ancora Advisors LLC purchased a new position in OppFi during the fourth quarter valued at approximately $65,000. Finally, Quantbot Technologies LP raised its stake in OppFi by 393.4% in the first quarter. Quantbot Technologies LP now owns 7,169 shares of the company's stock worth $67,000 after buying an additional 5,716 shares in the last quarter. 7.10% of the stock is currently owned by hedge funds and other institutional investors.
OppFi Company Profile
(
Get 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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