Insider Selling: OppFi Inc. (NYSE:OPFI) Director Sells 58,764 Shares of Stock

OppFi Inc. (NYSE:OPFI) Director Theodore G. Schwartz sold 58,764 shares of the business’s stock in a transaction that occurred on Friday, March 21st. The stock was sold at an average price of $9.60, for a total value of $564,134.40. Following the sale, the director now directly owns 186,737 shares in the company, valued at $1,792,675.20. This trade represents a 23.94 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

OppFi Stock Performance

OPFI stock opened at $9.98 on Thursday. The stock’s 50 day moving average price is $11.66 and its 200 day moving average price is $8.19. The firm has a market cap of $861.89 million, a P/E ratio of 62.35 and a beta of 1.63. OppFi Inc. has a 1 year low of $2.38 and a 1 year high of $17.73.

OppFi (NYSE:OPFI) last posted 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. OppFi had a return on equity of 35.04% and a net margin of 1.40%. The business had revenue of $135.72 million for the quarter, compared to analyst estimates of $133.50 million. During the same quarter last year, the company earned $0.10 earnings per share. On average, research analysts predict that OppFi Inc. will post 0.86 earnings per share for the current year.

OppFi Dividend Announcement

The company also recently disclosed a special dividend, which will be paid on Friday, April 18th. Stockholders of record on Tuesday, April 8th will be given a $0.25 dividend. The ex-dividend date is Tuesday, April 8th.

Hedge Funds Weigh In On OppFi

Several institutional investors and hedge funds have recently modified their holdings of the company. JPMorgan Chase & Co. raised its holdings in OppFi by 271.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 36,585 shares of the company’s stock valued at $173,000 after acquiring an additional 26,742 shares during the last quarter. Barclays PLC increased its stake in OppFi by 95.9% in the third quarter. Barclays PLC now owns 42,141 shares of the company’s stock valued at $199,000 after purchasing an additional 20,630 shares during the last quarter. Baader Bank Aktiengesellschaft purchased a new position in OppFi during the fourth quarter worth about $195,000. Geode Capital Management LLC boosted its stake in 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 buying an additional 18,149 shares during the last quarter. Finally, Jane Street Group LLC grew 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 buying an additional 5,795 shares during the period. Hedge funds and other institutional investors own 7.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts 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 shares of OppFi in a research report on Thursday, March 6th. Finally, Citizens Jmp downgraded shares of OppFi from a “strong-buy” rating to a “hold” rating in a 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.