Insider Selling: OppFi Inc. (NYSE:OPFI) Director Sells 124,788 Shares of Stock

OppFi Inc. (NYSE:OPFI) Director Theodore G. Schwartz sold 124,788 shares of the business’s stock in a transaction that occurred on Thursday, March 27th. The stock was sold at an average price of $9.31, for a total transaction of $1,161,776.28. Following the completion of the sale, the director now owns 186,737 shares of the company’s stock, valued at approximately $1,738,521.47. The trade was a 40.06 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

OppFi Stock Up 2.0 %

Shares of OppFi stock opened at $9.51 on Friday. The firm has a market cap of $821.28 million, a PE ratio of 59.41 and a beta of 1.63. The company’s fifty day simple moving average is $11.59 and its two-hundred day simple moving average is $8.26. OppFi Inc. has a 12-month low of $2.38 and a 12-month high of $17.73.

OppFi (NYSE:OPFI) last announced its quarterly earnings results on Wednesday, March 5th. The company reported $0.23 earnings per share (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 company had revenue of $135.72 million for the quarter, compared to the consensus estimate of $133.50 million. During the same quarter in the previous year, the business earned $0.10 EPS. As a group, sell-side analysts expect that OppFi Inc. will post 0.86 earnings per share for the current fiscal year.

OppFi Announces Dividend

The business also recently declared a special dividend, which will be paid on Friday, April 18th. Investors of record on Tuesday, April 8th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Tuesday, April 8th.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Quadrature Capital Ltd purchased a new stake in shares of OppFi in the 3rd quarter worth about $60,000. Ancora Advisors LLC purchased a new stake in OppFi in the fourth quarter worth about $65,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in OppFi by 8.7% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,801 shares of the company’s stock valued at $83,000 after acquiring an additional 866 shares in the last quarter. Mariner LLC purchased a new position in shares of OppFi during the 4th quarter worth approximately $93,000. Finally, MetLife Investment Management LLC purchased a new position in shares of OppFi during the 4th quarter worth approximately $98,000. 7.10% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have issued reports 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. Citizens Jmp cut OppFi from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 12th. Finally, Northland Securities set a $13.00 price target on OppFi in a research note on Thursday, March 6th.

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.