David Vennettilli Sells 100,000 Shares of OppFi Inc. (NYSE:OPFI) Stock

OppFi Inc. (NYSE:OPFI) Director David Vennettilli sold 100,000 shares of the company’s stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $6.45, for a total value of $645,000.00. Following the completion of the transaction, the director now directly owns 143,825 shares in the company, valued at $927,671.25. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

OppFi Stock Down 5.5 %

Shares of NYSE OPFI traded down $0.39 during trading on Wednesday, reaching $6.75. 376,537 shares of the company traded hands, compared to its average volume of 283,549. The firm has a 50 day simple moving average of $4.95 and a 200-day simple moving average of $4.08. OppFi Inc. has a 52-week low of $2.35 and a 52-week high of $7.16. The stock has a market capitalization of $582.19 million, a PE ratio of 42.19 and a beta of 1.20.

Institutional Investors Weigh In On OppFi

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. LB Partners LLC increased its position in OppFi by 1.3% during the second 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 stake in shares of OppFi by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 823,916 shares of the company’s stock worth $2,060,000 after purchasing an additional 5,218 shares during the period. Segall Bryant & Hamill LLC purchased a new position in shares of OppFi in the third quarter worth approximately $2,457,000. Marshall Wace LLP grew its position in 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 buying an additional 33,347 shares during the period. Finally, Los Angeles Capital Management LLC purchased a new stake in OppFi during the third quarter valued at approximately $355,000. Hedge funds and other institutional investors own 7.10% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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.