Insider Selling: OppFi Inc. (NYSE:OPFI) Director Sells 43,238 Shares of Stock

OppFi Inc. (NYSE:OPFI) Director David Vennettilli sold 43,238 shares of the business’s stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $9.45, for a total value of $408,599.10. Following the transaction, the director now owns 90,762 shares of the company’s stock, valued at $857,700.90. This trade represents a 32.27 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

David Vennettilli also recently made the following trade(s):

• On Tuesday, March 11th, David Vennettilli sold 30,762 shares of OppFi stock. The stock was sold at an average price of $9.09, for a total value of $279,626.58.

OppFi Trading Up 1.5 %

Shares of NYSE OPFI traded up $0.14 during trading hours on Wednesday, reaching $9.35. The stock had a trading volume of 1,007,961 shares, compared to its average volume of 2,413,731. OppFi Inc. has a 52-week low of $2.35 and a 52-week high of $17.73. The firm has a market cap of $805.67 million, a price-to-earnings ratio of 58.41 and a beta of 1.63. The business’s fifty day moving average price is $11.47 and its two-hundred day moving average price is $7.81.

OppFi (NYSE:OPFI) last issued its earnings results on Wednesday, March 5th. The company reported $0.23 earnings per share for the quarter, beating analysts’ consensus estimates of $0.14 by $0.09. OppFi had a return on equity of 35.04% and a net margin of 1.40%. The business had revenue of $135.72 million during the quarter, compared to analyst estimates of $133.50 million. During the same period in the previous year, the company posted $0.10 EPS. Equities research analysts anticipate that OppFi Inc. will post 0.86 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have commented on OPFI shares. Northland Securities set a $13.00 price objective on OppFi in a research report on Thursday, March 6th. Citizens Jmp lowered shares of OppFi from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 12th. Finally, JMP Securities downgraded shares of OppFi from an “outperform” rating to a “market perform” rating in a research note on Wednesday, February 12th.

Institutional Trading of OppFi

A number of hedge funds have recently added to or reduced their stakes in OPFI. Ancora Advisors LLC purchased a new position in OppFi during the 4th quarter valued at about $65,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of OppFi by 8.7% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,801 shares of the company’s stock valued at $83,000 after purchasing an additional 866 shares in the last quarter. Mariner LLC purchased a new position in OppFi during the fourth quarter valued at approximately $93,000. Quadrature Capital Ltd purchased a new position in OppFi during the third quarter valued at approximately $60,000. Finally, MetLife Investment Management LLC bought a new position in OppFi in the fourth quarter worth approximately $98,000. 7.10% of the stock is owned by hedge funds and other institutional investors.

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.