OppFi Inc. (NYSE:OPFI) Shares Sold by Heron Bay Capital Management

Heron Bay Capital Management cut its stake in OppFi Inc. (NYSE:OPFI - Free Report) by 72.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,219 shares of the company's stock after selling 34,881 shares during the period. Heron Bay Capital Management's holdings in OppFi were worth $101,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the stock. Quadrature Capital Ltd acquired a new position in shares of OppFi in the 3rd quarter worth approximately $60,000. Baader Bank Aktiengesellschaft bought a new position in OppFi during the fourth quarter worth $195,000. Jane Street Group LLC raised its holdings in shares of OppFi by 28.9% during 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 position in shares of OppFi in 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. 7.10% of the stock is currently owned by institutional investors.

OppFi Stock Performance

Shares of NYSE:OPFI traded down $0.63 during trading hours on Thursday, hitting $9.33. The stock had a trading volume of 1,426,310 shares, compared to its average volume of 746,143. The stock's fifty day simple moving average is $11.63 and its 200 day simple moving average is $8.19. The firm has a market capitalization of $805.73 million, a price-to-earnings ratio of 58.28 and a beta of 1.63. OppFi Inc. has a 1-year low of $2.38 and a 1-year high of $17.73.

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OppFi (NYSE:OPFI - Get Free Report) last announced its earnings results on Wednesday, March 5th. The company reported $0.23 earnings per share for the quarter, beating 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 firm 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, research analysts anticipate that OppFi Inc. will post 0.86 EPS for the current year.

OppFi Announces Dividend

The business also recently announced a special dividend, which will be paid on Friday, April 18th. Shareholders of record on Tuesday, April 8th will be paid a dividend of $0.25 per share. The ex-dividend date is Tuesday, April 8th.

Insiders Place Their Bets

In other news, Director Theodore G. Schwartz sold 79,559 shares of the business's stock in a transaction on Monday, March 17th. The stock was sold at an average price of $9.13, for a total value of $726,373.67. Following the sale, the director now owns 186,737 shares of the company's stock, valued at approximately $1,704,908.81. The trade was a 29.88 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director David Vennettilli sold 30,762 shares of the company's stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $9.09, for a total value of $279,626.58. Following the completion of the sale, the director now owns 90,762 shares of the company's stock, valued at approximately $825,026.58. This trade represents a 25.31 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 562,865 shares of company stock worth $5,465,151. 84.00% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

OPFI has been the topic of several research reports. Northland Securities set a $13.00 price objective on shares of OppFi in a research note on Thursday, March 6th. JMP Securities cut OppFi from an "outperform" rating to a "market perform" rating in a research report on Wednesday, February 12th. Finally, Citizens Jmp lowered OppFi from a "strong-buy" rating to a "hold" rating in a research 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.