Theodore G. Schwartz Sells 79,559 Shares of OppFi Inc. (NYSE:OPFI) Stock

OppFi Inc. (NYSE:OPFI - Get Free Report) Director Theodore G. Schwartz sold 79,559 shares of the stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $9.13, for a total value of $726,373.67. Following the completion of the transaction, the director now directly owns 186,737 shares in the company, valued at approximately $1,704,908.81. This trade represents a 29.88 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

OppFi Stock Down 1.4 %

NYSE OPFI traded down $0.14 on Friday, reaching $9.78. The stock had a trading volume of 986,797 shares, compared to its average volume of 727,011. The firm has a market capitalization of $842.74 million, a price-to-earnings ratio of 61.10 and a beta of 1.63. OppFi Inc. has a 12-month low of $2.35 and a 12-month high of $17.73. The stock has a fifty day moving average price of $11.68 and a two-hundred day moving average price of $8.05.

OppFi (NYSE:OPFI - Get Free Report) last posted its quarterly earnings data on Wednesday, March 5th. The company reported $0.23 earnings per share for the quarter, topping analysts' consensus estimates of $0.14 by $0.09. OppFi had a return on equity of 35.04% and a net margin of 1.40%. The business had revenue of $135.72 million for the quarter, compared to analyst estimates of $133.50 million. During the same quarter in the prior year, the company earned $0.10 earnings per share. Sell-side analysts forecast that OppFi Inc. will post 0.86 earnings per share for the current fiscal year.

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Hedge Funds Weigh In On OppFi

A number of institutional investors and hedge funds have recently modified their holdings of the company. JPMorgan Chase & Co. boosted its stake in OppFi by 271.7% in the third quarter. JPMorgan Chase & Co. now owns 36,585 shares of the company's stock valued at $173,000 after acquiring an additional 26,742 shares in the last quarter. Segall Bryant & Hamill LLC acquired a new position in OppFi in the third quarter valued at $2,457,000. Barclays PLC boosted its stake in OppFi by 95.9% in the third 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. Baader Bank Aktiengesellschaft acquired a new position in OppFi in the fourth quarter valued at $195,000. Finally, Geode Capital Management LLC boosted its stake in shares of OppFi by 4.7% during 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 period. Institutional investors and hedge funds own 7.10% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on OPFI. JMP Securities lowered OppFi from an "outperform" rating to a "market perform" rating in a research note on Wednesday, February 12th. Northland Securities set a $13.00 price target on OppFi in a research note on Thursday, March 6th. Finally, Citizens Jmp cut OppFi from a "strong-buy" rating to a "hold" rating in a report on Wednesday, February 12th.

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.