Elgethun Capital Management reduced its holdings in OppFi Inc. (NYSE:OPFI - Free Report) by 28.4% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 525,378 shares of the company's stock after selling 207,969 shares during the quarter. OppFi makes up about 1.0% of Elgethun Capital Management's portfolio, making the stock its 28th largest holding. Elgethun Capital Management owned about 0.61% of OppFi worth $4,024,000 at the end of the most recent quarter.
Other large investors have also recently modified their holdings of the company. Quadrature Capital Ltd acquired a new position in shares of OppFi in the 3rd quarter worth approximately $60,000. Baader Bank Aktiengesellschaft acquired a new position in OppFi in the fourth quarter valued at $195,000. Jane Street Group LLC boosted its position in OppFi by 28.9% during the third quarter. Jane Street Group LLC now owns 25,842 shares of the company's stock valued at $122,000 after acquiring an additional 5,795 shares during the last quarter. XTX Topco Ltd acquired a new stake in OppFi during the 3rd quarter worth about $136,000. Finally, Raymond James Financial Inc. bought a new position in shares of OppFi in the 4th quarter worth about $228,000. Institutional investors own 7.10% of the company's stock.
Wall Street Analysts Forecast Growth
Several research firms recently commented on OPFI. Northland Securities set a $13.00 target price on OppFi in a research note on Thursday, March 6th. JMP Securities lowered shares of OppFi from an "outperform" rating to a "market perform" rating in a research note on Wednesday, February 12th. Finally, Citizens Jmp lowered shares of OppFi from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, February 12th.
View Our Latest Research Report on OPFI
Insider Buying and Selling
In other OppFi news, insider Christopher J. Mckay sold 10,377 shares of OppFi stock in a transaction dated Wednesday, April 9th. The stock was sold at an average price of $7.83, for a total transaction of $81,251.91. Following the completion of the transaction, the insider now owns 206,667 shares of the company's stock, valued at $1,618,202.61. The trade was a 4.78 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Theodore G. Schwartz sold 165,174 shares of the firm's stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $10.58, for a total transaction of $1,747,540.92. Following the completion of the transaction, the director now owns 186,737 shares of the company's stock, valued at $1,975,677.46. This trade represents a 46.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 718,784 shares of company stock worth $6,879,815. Insiders own 84.00% of the company's stock.
OppFi Stock Performance
Shares of NYSE OPFI traded up $0.10 during midday trading on Friday, hitting $8.43. 751,347 shares of the stock traded hands, compared to its average volume of 772,564. OppFi Inc. has a one year low of $2.56 and a one year high of $17.73. The business has a 50 day moving average price of $10.55 and a two-hundred day moving average price of $8.59. The company has a market cap of $728.65 million, a PE ratio of 52.71 and a beta of 1.61.
OppFi (NYSE:OPFI - Get Free Report) last posted its earnings results 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 net margin of 1.40% and a return on equity of 35.04%. The company had revenue of $135.72 million during the quarter, compared to the consensus estimate of $133.50 million. During the same period in the previous year, the firm posted $0.10 earnings per share. As a group, equities research analysts forecast 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. Stockholders of record on Tuesday, April 8th will be paid a dividend of $0.25 per share. The ex-dividend date is Tuesday, April 8th.
About OppFi
(
Free Report)
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.
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