OppFi Inc. (NYSE:OPFI) Shares Purchased by Globeflex Capital L P

Globeflex Capital L P grew its stake in shares of OppFi Inc. (NYSE:OPFI) by 191.8% in the 4th quarter, Holdings Channel reports. The institutional investor owned 187,796 shares of the company’s stock after buying an additional 123,438 shares during the quarter. Globeflex Capital L P’s holdings in OppFi were worth $1,439,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Raymond James Financial Inc. bought a new stake in shares of OppFi during the 4th quarter valued at about $228,000. Victory Capital Management Inc. acquired a new position in OppFi in the 4th quarter valued at approximately $282,000. Charles Schwab Investment Management Inc. increased its stake in OppFi by 8.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 54,359 shares of the company’s stock valued at $416,000 after buying an additional 4,398 shares during the period. Los Angeles Capital Management LLC boosted its stake in shares of OppFi by 97.6% during the 4th quarter. Los Angeles Capital Management LLC now owns 148,344 shares of the company’s stock worth $1,136,000 after acquiring an additional 73,258 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in OppFi by 22.4% during the 4th quarter. Bank of New York Mellon Corp now owns 34,156 shares of the company’s stock valued at $262,000 after purchasing an additional 6,242 shares during the period. Institutional investors and hedge funds own 7.10% of the company’s stock.

OppFi Price Performance

Shares of OPFI opened at $9.24 on Friday. OppFi Inc. has a one year low of $2.35 and a one year high of $17.73. The company has a market cap of $796.19 million, a PE ratio of 57.72 and a beta of 1.63. The stock has a 50-day moving average of $11.52 and a 200-day moving average of $7.83.

OppFi (NYSE:OPFI) last released its quarterly earnings data 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. The business had revenue of $135.72 million during the quarter, compared to analyst estimates of $133.50 million. OppFi had a net margin of 1.40% and a return on equity of 35.04%. During the same period in the previous year, the business earned $0.10 EPS. Analysts expect that OppFi Inc. will post 0.86 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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

Insiders Place Their Bets

In other OppFi news, Director David Vennettilli sold 30,762 shares of the company’s stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $9.09, for a total value of $279,626.58. Following the sale, the director now owns 90,762 shares in the company, valued at approximately $825,026.58. This represents a 25.31 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 84.00% of the stock is currently owned by insiders.

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.