Insider Selling: OppFi Inc. (NYSE:OPFI) Director Sells 165,174 Shares of Stock

OppFi Inc. (NYSE:OPFI - Get Free Report) Director Theodore G. Schwartz sold 165,174 shares of the firm's stock in a transaction on Monday, March 24th. The stock was sold at an average price of $10.58, for a total value of $1,747,540.92. Following the transaction, the director now directly owns 186,737 shares of the company's stock, valued at approximately $1,975,677.46. This represents a 46.94 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

OppFi Stock Performance

Shares of OPFI stock traded up $0.19 during mid-day trading on Friday, hitting $9.51. The company's stock had a trading volume of 876,115 shares, compared to its average volume of 752,035. The company's fifty day simple moving average is $11.59 and its 200-day simple moving average is $8.29. OppFi Inc. has a 52 week low of $2.38 and a 52 week high of $17.73. The company has a market cap of $821.28 million, a PE ratio of 59.41 and a beta of 1.63.

OppFi (NYSE:OPFI - Get Free Report) last posted its quarterly earnings results on Wednesday, March 5th. The company reported $0.23 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.14 by $0.09. The firm had revenue of $135.72 million for the quarter, compared to analysts' expectations 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 prior year, the business earned $0.10 EPS. On average, equities analysts anticipate that OppFi Inc. will post 0.86 earnings per share for the current year.

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OppFi Dividend Announcement

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

Hedge Funds Weigh In On OppFi

Several institutional investors have recently made changes to their positions in OPFI. JPMorgan Chase & Co. raised its position in shares of OppFi by 271.7% during the third quarter. JPMorgan Chase & Co. now owns 36,585 shares of the company's stock worth $173,000 after purchasing an additional 26,742 shares during the period. Barclays PLC raised its holdings in OppFi by 95.9% during the third quarter. Barclays PLC now owns 42,141 shares of the company's stock worth $199,000 after buying an additional 20,630 shares during the last quarter. Baader Bank Aktiengesellschaft bought a new position in shares of OppFi in the fourth quarter valued at $195,000. Geode Capital Management LLC grew its holdings in shares of OppFi by 4.7% during 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 during the last quarter. Finally, Jane Street Group LLC increased its position 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 acquiring an additional 5,795 shares in the last quarter. Institutional investors and hedge funds own 7.10% of the company's stock.

Analyst Ratings Changes

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

About OppFi

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.