Globeflex Capital L P increased its position in shares of OppFi Inc. (NYSE:OPFI - Free Report) by 191.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 187,796 shares of the company's stock after acquiring an additional 123,438 shares during the period. Globeflex Capital L P owned about 0.22% of OppFi worth $1,439,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds have also added to or reduced their stakes in the company. JPMorgan Chase & Co. grew its position in OppFi by 271.7% in the third 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. Segall Bryant & Hamill LLC bought a new stake in shares of OppFi during the 3rd quarter valued at approximately $2,457,000. Barclays PLC increased its position in OppFi by 95.9% during the 3rd quarter. Barclays PLC now owns 42,141 shares of the company's stock worth $199,000 after purchasing an additional 20,630 shares in the last quarter. Baader Bank Aktiengesellschaft bought a new position in OppFi in the 4th quarter valued at approximately $195,000. Finally, Geode Capital Management LLC boosted its position in OppFi by 4.7% in the third quarter. Geode Capital Management LLC now owns 401,122 shares of the company's stock valued at $1,897,000 after buying an additional 18,149 shares in the last quarter. 7.10% of the stock is owned by institutional investors.
Analyst Ratings Changes
OPFI has been the subject of several research analyst reports. JMP Securities downgraded shares of OppFi from an "outperform" rating to a "market perform" rating in a 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.
Check Out Our Latest Analysis on OPFI
Insider Buying and Selling at OppFi
In other OppFi news, Director Theodore G. Schwartz sold 79,762 shares of the company's stock in a transaction on Friday, March 14th. The shares were sold at an average price of $9.13, for a total transaction of $728,227.06. Following the sale, the director now owns 186,737 shares of the company's stock, valued at approximately $1,704,908.81. This represents a 29.93 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director David Vennettilli sold 30,762 shares of OppFi stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $9.09, for a total value of $279,626.58. Following the completion of the transaction, the director now directly owns 90,762 shares of the company's stock, valued at approximately $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. In the last 90 days, insiders sold 233,321 shares of company stock valued at $2,142,826. 84.00% of the stock is currently owned by company insiders.
OppFi Stock Performance
Shares of NYSE:OPFI traded up $0.56 during mid-day trading on Wednesday, reaching $9.70. 1,244,236 shares of the company's stock were exchanged, compared to its average volume of 715,608. OppFi Inc. has a twelve month low of $2.35 and a twelve month high of $17.73. The firm has a market capitalization of $835.84 million, a price-to-earnings ratio of 60.60 and a beta of 1.63. The business's fifty day moving average price is $11.60 and its 200-day moving average price is $7.97.
OppFi (NYSE:OPFI - Get Free Report) last announced 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. The firm had revenue of $135.72 million for 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 previous year, the business earned $0.10 EPS. Analysts predict that OppFi Inc. will post 0.86 EPS for the current fiscal year.
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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