OppFi Inc. (NYSE:OPFI) Director Sells $1,010,649.42 in Stock

OppFi Inc. (NYSE:OPFI - Get Free Report) Director Theodore G. Schwartz sold 105,606 shares of the business's stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $9.57, for a total value of $1,010,649.42. Following the sale, the director now directly owns 186,737 shares of the company's stock, valued at approximately $1,787,073.09. This trade represents a 36.12 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

OppFi Stock Up 12.1 %

Shares of NYSE OPFI traded up $1.19 on Monday, hitting $10.95. The company had a trading volume of 1,993,994 shares, compared to its average volume of 732,107. The firm has a market capitalization of $943.61 million, a P/E ratio of 68.41 and a beta of 1.63. OppFi Inc. has a 12-month low of $2.35 and a 12-month high of $17.73. The business has a 50 day moving average of $11.70 and a two-hundred day moving average of $8.13.

OppFi (NYSE:OPFI - Get Free Report) last issued its quarterly earnings data on Wednesday, March 5th. The company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.09. The company had revenue of $135.72 million during the quarter, compared to the consensus estimate of $133.50 million. OppFi had a net margin of 1.40% and a return on equity of 35.04%. During the same quarter last year, the company earned $0.10 earnings per share. On average, sell-side analysts anticipate that OppFi Inc. will post 0.86 earnings per share for the current year.

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Institutional Investors Weigh In On OppFi

Several hedge funds and other institutional investors have recently added to or reduced their stakes in OPFI. Segall Bryant & Hamill LLC acquired a new stake in shares of OppFi during the third quarter valued at about $2,457,000. Quadrature Capital Ltd acquired a new stake in OppFi during the 3rd quarter valued at approximately $60,000. Jane Street Group LLC increased its holdings in OppFi by 28.9% during the 3rd 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 last quarter. XTX Topco Ltd acquired a new position in shares of OppFi in the 3rd quarter valued at approximately $136,000. Finally, Barclays PLC boosted its stake in shares of OppFi by 95.9% during the 3rd quarter. Barclays PLC now owns 42,141 shares of the company's stock valued at $199,000 after buying an additional 20,630 shares during the last quarter. Hedge funds and other institutional investors own 7.10% of the company's stock.

Wall Street Analysts Forecast Growth

OPFI has been the topic of several research analyst reports. Northland Securities set a $13.00 price objective on OppFi in a research note on Thursday, March 6th. JMP Securities downgraded 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 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.