OppFi Inc. Declares Special Dividend of $0.25 (NYSE:OPFI)

OppFi Inc. (NYSE:OPFI) declared a special dividend on Tuesday, March 25th, RTT News reports. Investors of record on Tuesday, April 8th will be paid a dividend of 0.25 per share on Friday, April 18th.

OppFi Price Performance

Shares of OPFI opened at $10.95 on Tuesday. The stock has a market cap of $943.61 million, a PE ratio of 68.41 and a beta of 1.63. OppFi has a 1-year low of $2.35 and a 1-year high of $17.73. The firm has a fifty day moving average price of $11.70 and a 200 day moving average price of $8.13.

OppFi (NYSE:OPFI) last posted its quarterly earnings data on Wednesday, March 5th. The company reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.09. The business had revenue of $135.72 million during 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 period in the prior year, the company earned $0.10 earnings per share. As a group, equities analysts expect that OppFi will post 0.86 EPS for the current fiscal year.

Insider Buying and Selling

In other OppFi news, Director Theodore G. Schwartz sold 58,764 shares of the business’s stock in a transaction dated Friday, March 21st. The stock was sold at an average price of $9.60, for a total transaction of $564,134.40. Following the transaction, the director now owns 186,737 shares in the company, valued at $1,792,675.20. The trade was a 23.94 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director David Vennettilli sold 30,762 shares of the business’s stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $9.09, for a total value of $279,626.58. Following the transaction, the director now directly owns 90,762 shares in the company, valued at $825,026.58. This trade represents a 25.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 397,691 shares of company stock valued at $3,717,610. Insiders own 84.00% of the company’s stock.

Wall Street Analysts Forecast Growth

OPFI has been the topic of a number of recent analyst reports. JMP Securities lowered shares of OppFi from an “outperform” rating to a “market perform” rating in a research note on Wednesday, February 12th. Northland Securities set a $13.00 target price on OppFi in a research report on Thursday, March 6th. Finally, Citizens Jmp cut OppFi from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 12th.

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.