Wells Fargo & Company MN grew its stake in shares of OppFi Inc. (NYSE:OPFI - Free Report) by 577.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 42,144 shares of the company's stock after purchasing an additional 35,921 shares during the quarter. Wells Fargo & Company MN's holdings in OppFi were worth $323,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Baader Bank Aktiengesellschaft bought a new stake in OppFi in the 4th quarter worth $195,000. Jane Street Group LLC grew its stake in shares of OppFi by 28.9% in the third quarter. Jane Street Group LLC now owns 25,842 shares of the company's stock worth $122,000 after purchasing an additional 5,795 shares during the last quarter. Raymond James Financial Inc. purchased a new position in OppFi during the 4th quarter valued at about $228,000. Harvest Fund Management Co. Ltd bought a new position in OppFi during the 4th quarter valued at approximately $231,000. Finally, American Century Companies Inc. lifted its holdings in OppFi by 30.8% in the 4th quarter. American Century Companies Inc. now owns 33,846 shares of the company's stock worth $259,000 after buying an additional 7,974 shares during the period. Institutional investors own 7.10% of the company's stock.
Analysts Set New Price Targets
A number of equities analysts recently commented on the company. Citizens Jmp downgraded OppFi from a "strong-buy" rating to a "hold" rating in a report on Wednesday, February 12th. Northland Securities set a $13.00 price objective on shares of OppFi in a report on Thursday, March 6th. Finally, JMP Securities lowered shares of OppFi from an "outperform" rating to a "market perform" rating in a research note on Wednesday, February 12th.
Get Our Latest Stock Report on OPFI
OppFi Stock Performance
Shares of NYSE:OPFI opened at $9.82 on Tuesday. OppFi Inc. has a 52-week low of $2.63 and a 52-week high of $17.73. The firm has a market capitalization of $848.50 million, a P/E ratio of 61.38 and a beta of 1.61. The stock has a 50 day moving average price of $9.19 and a 200-day moving average price of $9.08.
OppFi (NYSE:OPFI - Get Free Report) last announced its quarterly earnings data on Wednesday, March 5th. The company reported $0.23 EPS for the quarter, beating the consensus estimate of $0.14 by $0.09. The business had revenue of $135.72 million during the quarter, compared to analyst estimates of $133.50 million. OppFi had a return on equity of 35.04% and a net margin of 1.40%. During the same quarter last year, the firm posted $0.10 earnings per share. On average, equities analysts forecast that OppFi Inc. will post 0.86 EPS for the current fiscal year.
OppFi Announces Dividend
The firm also recently disclosed a special dividend, which was paid on Friday, April 18th. Shareholders of record on Tuesday, April 8th were issued a $0.25 dividend. The ex-dividend date was Tuesday, April 8th.
Insider Buying and Selling at OppFi
In related news, Director Theodore G. Schwartz sold 165,174 shares of the company's stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $10.58, for a total value of $1,747,540.92. Following the transaction, the director now owns 186,737 shares in the company, valued at $1,975,677.46. The trade was a 46.94 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Christopher J. Mckay sold 10,377 shares of the firm's stock in a transaction dated Monday, April 7th. The shares were sold at an average price of $7.54, for a total transaction of $78,242.58. Following the sale, the insider now owns 227,421 shares of the company's stock, valued at approximately $1,714,754.34. This represents a 4.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,026,884 shares of company stock valued at $9,478,588. Corporate insiders own 84.00% of the company's stock.
About OppFi
(
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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