OppFi Inc. (NYSE:OPFI) Director Sells $1,119,034.52 in Stock

OppFi Inc. (NYSE:OPFI - Get Free Report) Director Theodore G. Schwartz sold 90,172 shares of the firm's stock in a transaction dated Monday, June 16th. The shares were sold at an average price of $12.41, for a total value of $1,119,034.52. Following the sale, the director now directly owns 199,644 shares in the company, valued at approximately $2,477,582.04. This represents a 31.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

OppFi Price Performance

Shares of OppFi stock traded up $0.30 during trading on Friday, reaching $12.88. 1,333,240 shares of the stock traded hands, compared to its average volume of 946,292. The company has a market capitalization of $1.12 billion, a price-to-earnings ratio of -34.80 and a beta of 1.73. The business has a fifty day simple moving average of $11.32 and a two-hundred day simple moving average of $10.47. OppFi Inc. has a 52-week low of $3.09 and a 52-week high of $17.73.

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

OppFi Dividend Announcement

The business also recently declared a special dividend, which was paid on Friday, April 18th. Investors of record on Tuesday, April 8th were given a $0.25 dividend. The ex-dividend date of this dividend was Tuesday, April 8th.

Institutional Investors Weigh In On OppFi

Large investors have recently added to or reduced their stakes in the stock. Quarry LP bought a new stake in OppFi during the first quarter worth approximately $27,000. Strategic Investment Solutions Inc. IL increased its stake in 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 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 worth $48,000 after acquiring an additional 4,953 shares during the last quarter. Ancora Advisors LLC bought a new stake in OppFi during the fourth quarter worth approximately $65,000. Finally, Quantbot Technologies LP increased its stake in 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. 7.10% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have commented on OPFI shares. Northland Securities set a $13.00 price target on OppFi in a report on Thursday, March 6th. Stephens began coverage on OppFi in a research report on Thursday, June 12th. They set an "equal weight" rating and a $14.50 price objective for the company. JMP Securities upgraded OppFi from a "market perform" rating to a "market outperform" rating and set a $13.50 price objective for the company in a research report on Thursday, May 8th. Finally, Citizens Jmp upgraded OppFi from a "market perform" rating to an "outperform" rating and set a $13.50 price objective for the company in a research report 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.