Jocelyn Moore Sells 23,149 Shares of OppFi Inc. (NYSE:OPFI) Stock

OppFi Inc. (NYSE:OPFI) Director Jocelyn Moore sold 23,149 shares of the firm’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $6.70, for a total value of $155,098.30. Following the transaction, the director now directly owns 99,072 shares in the company, valued at $663,782.40. This trade represents a 18.94 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link.

OppFi Stock Down 2.7 %

OPFI opened at $6.57 on Friday. The business has a fifty day simple moving average of $5.00 and a 200-day simple moving average of $4.10. The firm has a market cap of $566.66 million, a PE ratio of 41.07 and a beta of 1.20. OppFi Inc. has a fifty-two week low of $2.35 and a fifty-two week high of $7.16.

Wall Street Analyst Weigh In

Separately, Northland Securities boosted their price target on shares of OppFi from $6.00 to $8.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th.

Institutional Investors Weigh In On OppFi

Several hedge funds have recently modified their holdings of OPFI. Acadian Asset Management LLC purchased a new stake in shares of OppFi during the first quarter valued at $51,000. Brendel Financial Advisors LLC purchased a new stake in OppFi in the 3rd quarter worth about $105,000. Heron Bay Capital Management lifted its stake in OppFi by 18.5% in 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 in the last quarter. Bank of New York Mellon Corp lifted its stake in OppFi by 120.5% in 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 in the last quarter. Finally, Los Angeles Capital Management LLC purchased a new stake in OppFi in the 3rd quarter worth about $355,000. 7.10% of the stock is owned by hedge funds and other institutional investors.

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.