OppFi Inc. (NYSE:OPFI) Shares Sold by Renaissance Technologies LLC

Renaissance Technologies LLC trimmed its position in OppFi Inc. (NYSE:OPFI - Free Report) by 21.9% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 424,315 shares of the company's stock after selling 119,258 shares during the quarter. Renaissance Technologies LLC owned 0.38% of OppFi worth $1,438,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in shares of OppFi by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 823,916 shares of the company's stock worth $2,060,000 after buying an additional 5,218 shares during the period. Heron Bay Capital Management lifted its stake in shares of OppFi by 18.5% during the 1st quarter. Heron Bay Capital Management now owns 45,788 shares of the company's stock worth $114,000 after purchasing an additional 7,141 shares during the last quarter. LB Partners LLC lifted its stake in shares of OppFi by 1.3% during the 2nd quarter. LB Partners LLC now owns 920,970 shares of the company's stock worth $3,122,000 after purchasing an additional 11,948 shares during the last quarter. Quadrature Capital Ltd purchased a new stake in shares of OppFi during the 4th quarter worth $89,000. Finally, Bank of New York Mellon Corp lifted its stake in shares of OppFi by 120.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 36,690 shares of the company's stock worth $124,000 after purchasing an additional 20,048 shares during the last quarter. 7.10% of the stock is currently owned by hedge funds and other institutional investors.

OppFi Stock Down 1.1 %

Shares of NYSE OPFI traded down $0.05 during mid-day trading on Friday, reaching $4.47. 145,914 shares of the company were exchanged, compared to its average volume of 269,026. The stock has a market cap of $497.33 million, a price-to-earnings ratio of 74.50 and a beta of 1.23. OppFi Inc. has a 1 year low of $2.04 and a 1 year high of $5.34. The firm has a 50-day moving average of $4.35 and a 200 day moving average of $3.56.

OppFi (NYSE:OPFI - Get Free Report) last issued its quarterly earnings data on Wednesday, August 7th. The company reported $0.29 earnings per share for the quarter, topping analysts' consensus estimates of $0.17 by $0.12. OppFi had a return on equity of 28.73% and a net margin of 1.00%. The firm had revenue of $126.30 million during the quarter, compared to analysts' expectations of $121.14 million. During the same period in the prior year, the business posted $0.19 EPS. On average, equities analysts forecast that OppFi Inc. will post 0.74 earnings per share for the current year.

Insider Activity at OppFi

In related news, Director David Vennettilli sold 38,886 shares of the company's stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $4.34, for a total transaction of $168,765.24. Following the transaction, the director now directly owns 94,497 shares of the company's stock, valued at $410,116.98. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 84.00% of the stock is currently owned by corporate insiders.

OppFi 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.