Heron Bay Capital Management Sells 34,881 Shares of OppFi Inc. (NYSE:OPFI)

Heron Bay Capital Management lowered its position in OppFi Inc. (NYSE:OPFI) by 72.5% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 13,219 shares of the company’s stock after selling 34,881 shares during the period. Heron Bay Capital Management’s holdings in OppFi were worth $101,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. JPMorgan Chase & Co. raised its position in shares of OppFi by 271.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 36,585 shares of the company’s stock worth $173,000 after acquiring an additional 26,742 shares in the last quarter. Segall Bryant & Hamill LLC bought a new position in shares of OppFi in the 3rd quarter worth approximately $2,457,000. Barclays PLC raised its position in shares of OppFi by 95.9% in the 3rd quarter. Barclays PLC now owns 42,141 shares of the company’s stock worth $199,000 after acquiring an additional 20,630 shares in the last quarter. Baader Bank Aktiengesellschaft bought a new position in shares of OppFi in the 4th quarter worth approximately $195,000. Finally, Geode Capital Management LLC raised its position in shares of OppFi by 4.7% in the 3rd quarter. Geode Capital Management LLC now owns 401,122 shares of the company’s stock worth $1,897,000 after acquiring an additional 18,149 shares in the last quarter. Institutional investors own 7.10% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling at OppFi

In other OppFi news, Director Theodore G. Schwartz sold 79,762 shares of the stock in a transaction on Friday, March 14th. The stock was sold at an average price of $9.13, for a total transaction of $728,227.06. Following the sale, the director now directly owns 186,737 shares in the company, valued at approximately $1,704,908.81. This trade represents a 29.93 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director David Vennettilli sold 43,238 shares of the stock in a transaction 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 sale, the director now owns 90,762 shares in the company, valued at approximately $857,700.90. This represents a 32.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 338,927 shares of company stock worth $3,153,476. Insiders own 84.00% of the company’s stock.

OppFi Stock Down 1.4 %

OppFi stock opened at $9.78 on Friday. The company has a market capitalization of $842.74 million, a P/E ratio of 61.10 and a beta of 1.63. The stock’s 50 day moving average is $11.68 and its 200 day moving average is $8.05. OppFi Inc. has a twelve month low of $2.35 and a twelve month high of $17.73.

OppFi (NYSE:OPFI) last posted its quarterly earnings results on Wednesday, March 5th. The company reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.09. The company had revenue of $135.72 million for the quarter, compared to the consensus estimate of $133.50 million. OppFi had a return on equity of 35.04% and a net margin of 1.40%. During the same quarter in the prior year, the business posted $0.10 EPS. As a group, equities analysts expect that OppFi Inc. will post 0.86 EPS for the current year.

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.