OppFi Inc. (NYSE:OPFI) Short Interest Update

OppFi Inc. (NYSE:OPFI - Get Free Report) was the target of a large decrease in short interest during the month of February. As of February 28th, there was short interest totalling 5,530,000 shares, a decrease of 13.5% from the February 13th total of 6,390,000 shares. Approximately 28.2% of the company's shares are sold short. Based on an average daily trading volume, of 1,870,000 shares, the short-interest ratio is currently 3.0 days.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Northland Securities set a $13.00 price objective on OppFi in a research report on Thursday, March 6th. JMP Securities downgraded shares of OppFi from an "outperform" rating to a "market perform" rating in a research note on Wednesday, February 12th. Finally, Citizens Jmp lowered OppFi from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, February 12th.

Insider Transactions at OppFi

In other news, Director David Vennettilli sold 30,762 shares of the stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $9.09, for a total value of $279,626.58. Following the completion of the sale, the director now owns 90,762 shares of the company's stock, valued at $825,026.58. This represents a 25.31 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Theodore G. Schwartz sold 105,606 shares of the firm's stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $9.57, for a total transaction of $1,010,649.42. Following the completion of the transaction, the director now directly owns 186,737 shares in the company, valued at approximately $1,787,073.09. This represents a 36.12 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 338,927 shares of company stock worth $3,153,476 in the last ninety days. Insiders own 84.00% of the company's stock.

Remove Ads

Institutional Trading of OppFi

Several large investors have recently added to or reduced their stakes in the company. Quadrature Capital Ltd acquired a new position in shares of OppFi during the 3rd quarter worth $60,000. Ancora Advisors LLC bought a new position in OppFi during the fourth quarter valued at about $65,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in OppFi by 8.7% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,801 shares of the company's stock worth $83,000 after purchasing an additional 866 shares during the period. Mariner LLC bought a new stake in OppFi in the fourth quarter valued at about $93,000. Finally, MetLife Investment Management LLC acquired a new position in shares of OppFi in the 4th quarter worth approximately $98,000. 7.10% of the stock is owned by institutional investors and hedge funds.

OppFi Stock Performance

Shares of NYSE:OPFI traded down $0.14 during trading on Friday, reaching $9.78. The company had a trading volume of 986,797 shares, compared to its average volume of 727,011. OppFi has a twelve month low of $2.35 and a twelve month high of $17.73. The firm has a market capitalization of $842.74 million, a PE ratio of 61.10 and a beta of 1.63. The firm's fifty day moving average is $11.68 and its 200 day moving average is $8.08.

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, beating the consensus estimate of $0.14 by $0.09. The company had revenue of $135.72 million during the quarter, compared to analyst estimates of $133.50 million. OppFi had a net margin of 1.40% and a return on equity of 35.04%. During the same quarter last year, the firm posted $0.10 EPS. Equities analysts predict that OppFi will post 0.86 earnings per share for the current fiscal year.

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.