Insider Selling: OppFi Inc. (NYSE:OPFI) Director Sells 79,559 Shares of Stock

OppFi Inc. (NYSE:OPFI) Director Theodore G. Schwartz sold 79,559 shares of OppFi stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $9.13, for a total value of $726,373.67. Following the completion of the sale, the director now owns 186,737 shares in the company, valued at approximately $1,704,908.81. This trade represents a 29.88 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

OppFi Stock Performance

OppFi stock opened at $9.70 on Thursday. OppFi Inc. has a fifty-two week low of $2.35 and a fifty-two week high of $17.73. The firm has a market capitalization of $835.84 million, a price-to-earnings ratio of 60.60 and a beta of 1.63. The stock’s fifty day moving average is $11.63 and its two-hundred day moving average is $7.98.

OppFi (NYSE:OPFI) last issued its quarterly earnings data on Wednesday, March 5th. The company reported $0.23 EPS for the quarter, beating analysts’ consensus estimates of $0.14 by $0.09. The firm had revenue of $135.72 million for the quarter, compared to analysts’ expectations 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 prior year, the company earned $0.10 EPS. As a group, sell-side analysts forecast that OppFi Inc. will post 0.86 EPS for the current fiscal year.

Analysts Set New Price Targets

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

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of OPFI. Los Angeles Capital Management LLC purchased a new position in OppFi during the third quarter worth $355,000. Segall Bryant & Hamill LLC purchased a new stake in OppFi during the 3rd quarter worth about $2,457,000. Quadrature Capital Ltd acquired a new position in OppFi in the 3rd quarter valued at about $60,000. Jane Street Group LLC lifted its holdings in OppFi by 28.9% in the 3rd quarter. Jane Street Group LLC now owns 25,842 shares of the company’s stock valued at $122,000 after purchasing an additional 5,795 shares in the last quarter. Finally, XTX Topco Ltd purchased a new stake in shares of OppFi during the third quarter worth about $136,000. 7.10% of the stock is currently owned by institutional investors and hedge funds.

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.