JPMorgan Chase & Co. Has $173,000 Stake in OppFi Inc. (NYSE:OPFI)

JPMorgan Chase & Co. boosted its position in OppFi Inc. (NYSE:OPFI - Free Report) by 271.7% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 36,585 shares of the company's stock after acquiring an additional 26,742 shares during the period. JPMorgan Chase & Co.'s holdings in OppFi were worth $173,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of OPFI. Jane Street Group LLC boosted its holdings in OppFi by 28.9% in the third quarter. Jane Street Group LLC now owns 25,842 shares of the company's stock valued at $122,000 after acquiring an additional 5,795 shares in the last quarter. Quadrature Capital Ltd bought a new position in shares of OppFi during the third quarter valued at $60,000. Geode Capital Management LLC raised its holdings in OppFi by 4.7% in the third quarter. Geode Capital Management LLC now owns 401,122 shares of the company's stock worth $1,897,000 after buying an additional 18,149 shares during the last quarter. Barclays PLC lifted its position in OppFi by 95.9% in the 3rd quarter. Barclays PLC now owns 42,141 shares of the company's stock valued at $199,000 after acquiring an additional 20,630 shares in the last quarter. Finally, Brendel Financial Advisors LLC bought a new stake in OppFi in the 3rd quarter worth about $105,000. Hedge funds and other institutional investors own 7.10% of the company's stock.

Analysts Set New Price Targets

Separately, Northland Securities upped their price target on shares of OppFi from $8.00 to $10.00 and gave the company an "outperform" rating in a research report on Friday, December 13th.

Insider Buying and Selling

In related news, Director Jocelyn Moore sold 23,149 shares of the business's stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $6.70, for a total transaction of $155,098.30. Following the sale, the director now owns 99,072 shares of the company's stock, valued at approximately $663,782.40. The trade was a 18.94 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director David Vennettilli sold 22,301 shares of the firm's stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $7.68, for a total value of $171,271.68. Following the transaction, the director now directly owns 121,524 shares of the company's stock, valued at $933,304.32. The trade was a 15.51 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 145,450 shares of company stock worth $971,370 in the last 90 days. Insiders own 84.00% of the company's stock.

OppFi Stock Up 3.6 %

OPFI stock traded up $0.54 during trading on Wednesday, hitting $15.54. The company had a trading volume of 2,048,354 shares, compared to its average volume of 2,429,685. The firm has a market capitalization of $1.34 billion, a P/E ratio of 97.14 and a beta of 1.56. The company has a 50 day simple moving average of $9.38 and a 200-day simple moving average of $6.50. OppFi Inc. has a 52-week low of $2.35 and a 52-week high of $15.70.

OppFi (NYSE:OPFI - Get Free Report) last announced its earnings results on Thursday, November 7th. The company reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.12. OppFi had a return on equity of 35.04% and a net margin of 1.40%. The company had revenue of $136.59 million for the quarter, compared to analyst estimates of $128.94 million. During the same period in the prior year, the company posted $0.16 EPS. Sell-side analysts forecast that OppFi Inc. will post 0.86 earnings per share for the current year.

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.