OppFi Inc. (NYSE:OPFI) Director David Vennettilli Sells 38,886 Shares

OppFi Inc. (NYSE:OPFI) Director David Vennettilli sold 38,886 shares of the business’s stock in a transaction on Friday, August 9th. The stock was sold at an average price of $4.34, for a total value of $168,765.24. Following the transaction, the director now owns 94,497 shares in the company, valued at $410,116.98. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

OppFi Price Performance

Shares of OPFI stock opened at $4.34 on Friday. OppFi Inc. has a 1-year low of $2.04 and a 1-year high of $5.34. The stock’s fifty day moving average price is $3.67 and its 200 day moving average price is $3.26. The company has a market cap of $482.86 million, a price-to-earnings ratio of 72.33 and a beta of 1.20.

OppFi (NYSE:OPFI) last announced its earnings results on Wednesday, August 7th. The company reported $0.29 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.12. OppFi had a return on equity of 25.16% and a net margin of 0.83%. The firm had revenue of $126.30 million for the quarter, compared to the consensus estimate of $121.14 million. During the same period in the previous year, the business earned $0.19 EPS. As a group, equities research analysts anticipate that OppFi Inc. will post 0.6 earnings per share for the current year.

Institutional Trading of OppFi

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Marshall Wace LLP lifted its position in OppFi by 24.2% during the 2nd quarter. Marshall Wace LLP now owns 171,318 shares of the company’s stock worth $581,000 after acquiring an additional 33,347 shares during the period. LB Partners LLC lifted its position in OppFi by 1.3% during the 2nd quarter. LB Partners LLC now owns 920,970 shares of the company’s stock worth $3,122,000 after acquiring an additional 11,948 shares during the period. Bank of New York Mellon Corp lifted its position in OppFi by 120.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 36,690 shares of the company’s stock worth $124,000 after acquiring an additional 20,048 shares during the period. Heron Bay Capital Management lifted its position in OppFi by 18.5% during the 1st quarter. Heron Bay Capital Management now owns 45,788 shares of the company’s stock worth $114,000 after acquiring an additional 7,141 shares during the period. Finally, Acadian Asset Management LLC acquired a new stake in OppFi during the 1st quarter worth about $51,000. Institutional investors and hedge funds 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.