OppFi Inc. (NYSE:OPFI) Shares Purchased by JPMorgan Chase & Co.

JPMorgan Chase & Co. raised its holdings in shares of OppFi Inc. (NYSE:OPFI - Free Report) by 272.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 136,308 shares of the company's stock after buying an additional 99,723 shares during the quarter. JPMorgan Chase & Co. owned about 0.16% of OppFi worth $1,044,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of OPFI. Jane Street Group LLC raised its holdings in shares of 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 acquiring an additional 5,795 shares during the period. Baader Bank Aktiengesellschaft acquired a new position in OppFi in the 4th quarter valued at about $195,000. Barclays PLC grew its stake in shares of 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 buying an additional 20,630 shares during the period. Raymond James Financial Inc. purchased a new stake in shares of OppFi in the 4th quarter valued at approximately $228,000. Finally, Harvest Fund Management Co. Ltd acquired a new stake in shares of OppFi during the 4th quarter worth approximately $231,000. 7.10% of the stock is owned by hedge funds and other institutional investors.

OppFi Price Performance

Shares of OPFI stock traded down $0.02 on Tuesday, hitting $9.48. The stock had a trading volume of 389,152 shares, compared to its average volume of 794,102. The firm has a market capitalization of $819.12 million, a P/E ratio of 59.25 and a beta of 1.61. OppFi Inc. has a 1 year low of $2.61 and a 1 year high of $17.73. The company's 50 day moving average price is $9.28 and its 200-day moving average price is $8.92.

OppFi (NYSE:OPFI - Get Free Report) last released its quarterly earnings data 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 business had revenue of $135.72 million during the quarter, compared to analysts' expectations of $133.50 million. OppFi had a net margin of 1.40% and a return on equity of 35.04%. During the same period in the previous year, the company earned $0.10 EPS. On average, equities analysts forecast that OppFi Inc. will post 0.86 EPS for the current year.

OppFi Announces Dividend

The firm also recently declared a special dividend, which was paid on Friday, April 18th. Investors of record on Tuesday, April 8th were paid a $0.25 dividend. The ex-dividend date of this dividend was Tuesday, April 8th.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. Citizens Jmp lowered OppFi from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, February 12th. JMP Securities cut 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 objective on shares of OppFi in a report on Thursday, March 6th.

Insiders Place Their Bets

In other OppFi news, Director David Vennettilli sold 43,238 shares of OppFi stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $9.45, for a total value of $408,599.10. Following the completion of the sale, the director now directly owns 90,762 shares of the company's stock, valued at approximately $857,700.90. The trade was a 32.27 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Theodore G. Schwartz sold 79,559 shares of OppFi stock in a transaction on Monday, March 17th. The shares were sold at an average price of $9.13, for a total value of $726,373.67. Following the completion of the sale, the director now directly owns 186,737 shares of the company's stock, valued at approximately $1,704,908.81. This represents a 29.88 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,026,884 shares of company stock worth $9,478,588. Corporate insiders own 84.00% 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.