Segall Bryant & Hamill LLC Buys New Shares in OppFi Inc. (NYSE:OPFI)

Segall Bryant & Hamill LLC purchased a new position in OppFi Inc. (NYSE:OPFI) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 519,402 shares of the company’s stock, valued at approximately $2,457,000. Segall Bryant & Hamill LLC owned about 0.60% of OppFi as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. LB Partners LLC lifted its stake in shares of OppFi by 1.3% in the 2nd quarter. LB Partners LLC now owns 920,970 shares of the company’s stock valued at $3,122,000 after acquiring an additional 11,948 shares during the last quarter. Vanguard Group Inc. lifted its position in OppFi by 0.6% in the first quarter. Vanguard Group Inc. now owns 823,916 shares of the company’s stock valued at $2,060,000 after purchasing an additional 5,218 shares during the last quarter. Marshall Wace LLP boosted its stake in shares of OppFi by 24.2% during the second quarter. Marshall Wace LLP now owns 171,318 shares of the company’s stock valued at $581,000 after purchasing an additional 33,347 shares during the period. Los Angeles Capital Management LLC bought a new position in shares of OppFi in the third quarter worth approximately $355,000. Finally, Bank of New York Mellon Corp increased its stake in shares of OppFi by 120.5% in the second quarter. Bank of New York Mellon Corp now owns 36,690 shares of the company’s stock worth $124,000 after buying an additional 20,048 shares during the period. 7.10% of the stock is currently owned by hedge funds and other institutional investors.

OppFi Price Performance

Shares of NYSE:OPFI opened at $7.61 on Friday. OppFi Inc. has a 1 year low of $2.35 and a 1 year high of $7.61. The stock’s 50-day moving average is $5.28 and its 200 day moving average is $4.25. The company has a market cap of $656.06 million, a PE ratio of 47.57 and a beta of 1.20.

Insider Activity

In related news, Director Jocelyn Moore sold 23,149 shares of the business’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $6.70, for a total transaction of $155,098.30. Following the transaction, the director now owns 99,072 shares in the company, valued at $663,782.40. The trade was a 18.94 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director David Vennettilli sold 100,000 shares of the stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $6.45, for a total transaction of $645,000.00. Following the completion of the transaction, the director now directly owns 143,825 shares of the company’s stock, valued at approximately $927,671.25. The trade was a 41.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 84.00% of the company’s stock.

Analysts Set New Price Targets

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

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.