Theodore G. Schwartz Sells 122,531 Shares of OppFi Inc. (NYSE:OPFI) Stock

OppFi Inc. (NYSE:OPFI - Get Free Report) Director Theodore G. Schwartz sold 122,531 shares of the firm's stock in a transaction dated Tuesday, June 17th. The shares were sold at an average price of $11.81, for a total value of $1,447,091.11. Following the completion of the sale, the director now directly owns 199,644 shares in the company, valued at $2,357,795.64. This trade represents a 38.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

OppFi Stock Up 2.3%

Shares of OPFI stock traded up $0.30 during mid-day trading on Friday, reaching $12.88. 1,333,240 shares of the stock traded hands, compared to its average volume of 946,292. The stock's fifty day simple moving average is $11.32 and its two-hundred day simple moving average is $10.47. OppFi Inc. has a 1-year low of $3.09 and a 1-year high of $17.73. The company has a market cap of $1.12 billion, a price-to-earnings ratio of -34.80 and a beta of 1.73.

OppFi (NYSE:OPFI - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $0.38 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.26 by $0.12. OppFi had a positive return on equity of 48.24% and a negative net margin of 1.79%. The company had revenue of $140.27 million during the quarter, compared to the consensus estimate of $137.71 million. On average, equities research 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. Stockholders of record on Tuesday, April 8th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Tuesday, April 8th.

Hedge Funds Weigh In On OppFi

Hedge funds have recently made changes to their positions in the stock. Quarry LP bought a new position in shares of OppFi during the first quarter worth about $27,000. Strategic Investment Solutions Inc. IL raised its position 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 worth $30,000 after acquiring an additional 1,277 shares during the last quarter. GAMMA Investing LLC raised its position 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 worth $48,000 after acquiring an additional 4,953 shares during the last quarter. Quantbot Technologies LP raised its position in shares of OppFi by 393.4% during the first quarter. Quantbot Technologies LP now owns 7,169 shares of the company's stock worth $67,000 after acquiring an additional 5,716 shares during the last quarter. Finally, Ancora Advisors LLC bought a new position in shares of OppFi during the fourth quarter worth about $65,000. 7.10% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

OPFI has been the topic of a number of recent research reports. Stephens initiated coverage on OppFi in a research note on Thursday, June 12th. They set an "equal weight" rating and a $14.50 price target on the stock. Northland Securities set a $13.00 price target on OppFi in a research note on Thursday, March 6th. Citizens Jmp raised OppFi from a "market perform" rating to an "outperform" rating and set a $13.50 price target on the stock in a research note on Thursday, May 8th. Finally, JMP Securities raised OppFi from a "market perform" rating to a "market outperform" rating and set a $13.50 price target on the stock in a research note on Thursday, May 8th.

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.