OppFi Inc. (NYSE:OPFI - Get Free Report) shares saw unusually-strong trading volume on Friday . Approximately 443,356 shares were traded during trading, an increase of 65% from the previous session's volume of 268,856 shares.The stock last traded at $5.16 and had previously closed at $4.82.
OppFi Stock Up 7.7 %
The company has a market capitalization of $577.43 million, a PE ratio of 86.50 and a beta of 1.23. The firm has a 50-day moving average of $4.57 and a two-hundred day moving average of $3.73.
OppFi (NYSE:OPFI - Get Free Report) last posted its earnings results on Wednesday, August 7th. The company reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.12. The firm had revenue of $126.30 million during the quarter, compared to analysts' expectations of $121.14 million. OppFi had a net margin of 1.00% and a return on equity of 28.73%. During the same period in the previous year, the business posted $0.19 EPS. Equities analysts predict that OppFi Inc. will post 0.74 EPS for the current fiscal year.
Insider Buying and Selling
In other OppFi news, Director David Vennettilli sold 38,886 shares of the stock in a transaction on Friday, August 9th. The shares were 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 trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 84.00% of the stock is currently owned by insiders.
Institutional Inflows and Outflows
Several hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in OppFi by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 823,916 shares of the company's stock worth $2,060,000 after purchasing an additional 5,218 shares during the last quarter. Virtu Financial LLC acquired a new stake in OppFi in the 4th quarter valued at about $202,000. Quadrature Capital Ltd purchased a new position in OppFi in the 4th quarter worth approximately $89,000. Acadian Asset Management LLC acquired a new position in shares of OppFi during the 1st quarter worth approximately $51,000. Finally, Brendel Financial Advisors LLC purchased a new stake in shares of OppFi in the third quarter valued at approximately $105,000. 7.10% of the stock is owned by institutional investors and hedge funds.
About OppFi
(
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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.
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