Theodore G. Schwartz Sells 90,172 Shares of OppFi Inc. (NYSE:OPFI) Stock

OppFi Inc. (NYSE:OPFI - Get Free Report) Director Theodore G. Schwartz sold 90,172 shares of the stock in a transaction that occurred on Monday, June 16th. The shares were sold at an average price of $12.41, for a total transaction of $1,119,034.52. Following the transaction, the director now directly owns 199,644 shares of the company's stock, valued at $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 available at this hyperlink.

OppFi Trading Up 5.3%

Shares of OPFI stock traded up $0.64 during trading on Wednesday, reaching $12.59. 1,126,644 shares of the company's stock traded hands, compared to its average volume of 1,644,390. The firm's 50-day moving average is $11.07 and its 200 day moving average is $10.37. The company has a market capitalization of $1.09 billion, a P/E ratio of -34.01 and a beta of 1.73. OppFi Inc. has a 1 year low of $3.09 and a 1 year 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 (EPS) for the quarter, topping the consensus estimate of $0.26 by $0.12. The firm had revenue of $140.27 million for the quarter, compared to the consensus estimate of $137.71 million. OppFi had a positive return on equity of 48.24% and a negative net margin of 1.79%. As a group, sell-side analysts predict that OppFi Inc. will post 0.86 earnings per share for the current fiscal year.

OppFi Dividend Announcement

The business also recently announced 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.

Wall Street Analysts Forecast Growth

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

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in OPFI. Marshall Wace LLP increased its holdings in shares of OppFi by 249.2% in the fourth quarter. Marshall Wace LLP now owns 617,366 shares of the company's stock worth $4,729,000 after purchasing an additional 440,582 shares during the period. Renaissance Technologies LLC grew its position in OppFi by 52.6% during the fourth quarter. Renaissance Technologies LLC now owns 826,115 shares of the company's stock worth $6,328,000 after buying an additional 284,900 shares in the last quarter. Trexquant Investment LP increased its stake in OppFi by 232.4% in the 1st quarter. Trexquant Investment LP now owns 392,333 shares of the company's stock worth $3,649,000 after acquiring an additional 274,318 shares during the last quarter. Tudor Investment Corp ET AL raised its holdings in shares of OppFi by 310.7% in the 4th quarter. Tudor Investment Corp ET AL now owns 276,331 shares of the company's stock valued at $2,117,000 after acquiring an additional 209,045 shares in the last quarter. Finally, Bank of America Corp DE boosted its position in shares of OppFi by 1,745.7% during the 4th quarter. Bank of America Corp DE now owns 206,317 shares of the company's stock valued at $1,580,000 after acquiring an additional 195,139 shares during the last quarter. Hedge funds and other institutional investors own 7.10% of the company's stock.

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.

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