Victory Capital Management Inc. Purchases Shares of 36,856 OppFi Inc. (NYSE:OPFI)

Victory Capital Management Inc. bought a new position in OppFi Inc. (NYSE:OPFI - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 36,856 shares of the company's stock, valued at approximately $282,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Quadrature Capital Ltd bought a new stake in shares of OppFi during the third quarter worth $60,000. Jane Street Group LLC increased its position in OppFi by 28.9% in the third quarter. Jane Street Group LLC now owns 25,842 shares of the company's stock worth $122,000 after purchasing an additional 5,795 shares during the period. XTX Topco Ltd bought a new stake in OppFi during the 3rd quarter worth about $136,000. JPMorgan Chase & Co. lifted its position in OppFi by 271.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 36,585 shares of the company's stock valued at $173,000 after purchasing an additional 26,742 shares during the period. Finally, Baader Bank Aktiengesellschaft bought a new position in shares of OppFi in the 4th quarter valued at about $195,000. Institutional investors and hedge funds own 7.10% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on OPFI shares. Northland Securities set a $13.00 price target on shares of OppFi in a research note on Thursday, March 6th. JMP Securities downgraded OppFi from an "outperform" rating to a "market perform" rating in a research note on Wednesday, February 12th. Finally, Citizens Jmp cut OppFi from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, February 12th.

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Insiders Place Their Bets

In other news, Director Theodore G. Schwartz sold 79,762 shares of the company's stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $9.13, for a total transaction of $728,227.06. Following the completion of the transaction, the director now directly owns 186,737 shares of the company's stock, valued at $1,704,908.81. This represents a 29.93 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director David Vennettilli sold 43,238 shares of OppFi stock in a transaction that occurred 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 completion of the sale, the director now directly owns 90,762 shares in the company, valued at approximately $857,700.90. This represents a 32.27 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 397,691 shares of company stock worth $3,717,610. Company insiders own 84.00% of the company's stock.

OppFi Trading Down 7.1 %

Shares of NYSE:OPFI traded down $0.77 during mid-day trading on Wednesday, reaching $9.98. The stock had a trading volume of 1,531,168 shares, compared to its average volume of 737,048. The firm has a 50 day simple moving average of $11.70 and a two-hundred day simple moving average of $8.17. The firm has a market cap of $861.89 million, a PE ratio of 62.35 and a beta of 1.63. OppFi Inc. has a twelve month low of $2.35 and a twelve month high of $17.73.

OppFi (NYSE:OPFI - Get Free Report) last issued its quarterly earnings data on Wednesday, March 5th. The company reported $0.23 EPS for the quarter, topping the consensus estimate 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 the consensus estimate of $133.50 million. During the same quarter last year, the business posted $0.10 EPS. On average, equities analysts anticipate that OppFi Inc. will post 0.86 EPS for the current fiscal year.

OppFi Dividend Announcement

The firm also recently announced a special dividend, which will be paid on Friday, April 18th. Investors of record on Tuesday, April 8th will be paid a dividend of $0.25 per share.

OppFi 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.