OppFi Inc. (NYSE:OPFI) Insider Christopher J. Mckay Sells 10,377 Shares of Stock

OppFi Inc. (NYSE:OPFI - Get Free Report) insider Christopher J. Mckay sold 10,377 shares of the business's stock in a transaction that occurred on Thursday, April 3rd. The shares were sold at an average price of $9.00, for a total value of $93,393.00. Following the completion of the sale, the insider now owns 248,175 shares of the company's stock, valued at $2,233,575. This trade represents a 4.01 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

OppFi Stock Up 1.2 %

Shares of OPFI traded up $0.10 during mid-day trading on Friday, hitting $8.43. The company had a trading volume of 751,347 shares, compared to its average volume of 772,564. The stock has a market cap of $728.65 million, a PE ratio of 52.71 and a beta of 1.61. The business's 50-day simple moving average is $10.55 and its 200-day simple moving average is $8.59. OppFi Inc. has a 1-year low of $2.56 and a 1-year high of $17.73.

OppFi (NYSE:OPFI - Get Free Report) last released its quarterly earnings results on Wednesday, March 5th. The company reported $0.23 earnings per share (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 net margin of 1.40% and a return on equity of 35.04%. During the same quarter in the previous year, the firm posted $0.10 EPS. On average, sell-side analysts expect that OppFi Inc. will post 0.86 earnings per share for the current year.

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OppFi Announces Dividend

The company also recently disclosed a special dividend, which will be paid on Friday, April 18th. Investors of record on Tuesday, April 8th will be given a $0.25 dividend. The ex-dividend date is Tuesday, April 8th.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Northland Securities set a $13.00 price objective on shares of OppFi in a report on Thursday, March 6th. JMP Securities lowered OppFi from an "outperform" rating to a "market perform" rating in a report on Wednesday, February 12th. Finally, Citizens Jmp cut shares of OppFi from a "strong-buy" rating to a "hold" rating in a report on Wednesday, February 12th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. GAMMA Investing LLC boosted its position in shares of OppFi by 2,488.9% during the 1st quarter. GAMMA Investing LLC now owns 5,152 shares of the company's stock valued at $48,000 after purchasing an additional 4,953 shares in the last quarter. Ancora Advisors LLC bought a new stake in shares of OppFi in the 4th quarter valued at approximately $65,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of OppFi by 8.7% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,801 shares of the company's stock valued at $83,000 after purchasing an additional 866 shares in the last quarter. Mariner LLC acquired a new position in shares of OppFi during the 4th quarter valued at about $93,000. Finally, Quadrature Capital Ltd acquired a new position in OppFi in the 3rd quarter valued at $60,000. Institutional investors own 7.10% of the company's stock.

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.