OppFi Inc. (NYSE:OPFI - Get Free Report) Director Theodore G. Schwartz sold 124,788 shares of OppFi stock in a transaction that occurred on Thursday, March 27th. The stock was sold at an average price of $9.31, for a total value of $1,161,776.28. Following the completion of the sale, the director now directly owns 186,737 shares in the company, valued at approximately $1,738,521.47. The trade was a 40.06 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
OppFi Stock Up 0.2 %
OPFI traded up $0.01 during trading on Tuesday, reaching $9.31. The company had a trading volume of 717,808 shares, compared to its average volume of 754,765. The business has a 50 day simple moving average of $11.51 and a 200-day simple moving average of $8.36. The stock has a market cap of $804.78 million, a P/E ratio of 58.22 and a beta of 1.63. OppFi Inc. has a 52 week low of $2.38 and a 52 week high of $17.73.
OppFi (NYSE:OPFI - Get Free Report) last announced its earnings results on Wednesday, March 5th. The company reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.09. OppFi had a net margin of 1.40% and a return on equity of 35.04%. The business had revenue of $135.72 million for the quarter, compared to the consensus estimate of $133.50 million. During the same quarter in the prior year, the firm posted $0.10 earnings per share. As a group, equities research analysts expect that OppFi Inc. will post 0.86 EPS for the current fiscal year.
OppFi Dividend Announcement
The firm also recently announced a special dividend, which will be paid on Friday, April 18th. Shareholders of record on Tuesday, April 8th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Tuesday, April 8th.
Institutional Inflows and Outflows
A number of hedge funds have recently modified their holdings of OPFI. NewEdge Advisors LLC boosted its holdings in OppFi by 4.7% during the 4th quarter. NewEdge Advisors LLC now owns 18,328 shares of the company's stock valued at $140,000 after acquiring an additional 831 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of OppFi by 8.7% during the fourth 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 during the period. Barclays PLC boosted its stake in shares of OppFi by 5.6% during the fourth quarter. Barclays PLC now owns 44,521 shares of the company's stock valued at $341,000 after purchasing an additional 2,380 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in shares of OppFi by 8.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 54,359 shares of the company's stock worth $416,000 after purchasing an additional 4,398 shares during the last quarter. Finally, Jane Street Group LLC increased its stake in OppFi by 28.9% in the 3rd quarter. Jane Street Group LLC now owns 25,842 shares of the company's stock worth $122,000 after buying an additional 5,795 shares during the period. Institutional investors own 7.10% of the company's stock.
Wall Street Analyst Weigh In
Several equities analysts have commented on OPFI shares. Northland Securities set a $13.00 price objective on shares of OppFi in a research report on Thursday, March 6th. Citizens Jmp downgraded shares of OppFi from a "strong-buy" rating to a "hold" rating in a report on Wednesday, February 12th. Finally, JMP Securities lowered OppFi from an "outperform" rating to a "market perform" rating in a research report on Wednesday, February 12th.
Read Our Latest Stock Report on OppFi
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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