LB Partners LLC cut its holdings in OppFi Inc. (NYSE:OPFI - Free Report) by 7.7% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 850,000 shares of the company's stock after selling 70,970 shares during the period. OppFi comprises approximately 4.9% of LB Partners LLC's holdings, making the stock its 7th biggest position. LB Partners LLC owned 0.99% of OppFi worth $6,511,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently modified their holdings of the company. Baader Bank Aktiengesellschaft bought a new position in shares of OppFi in the 4th quarter valued at approximately $195,000. JPMorgan Chase & Co. raised its position in shares of OppFi by 271.7% during the third quarter. JPMorgan Chase & Co. now owns 36,585 shares of the company's stock worth $173,000 after acquiring an additional 26,742 shares during the last quarter. Barclays PLC increased its holdings 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 purchasing an additional 20,630 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of OppFi by 4.7% in the third quarter. Geode Capital Management LLC now owns 401,122 shares of the company's stock worth $1,897,000 after acquiring an additional 18,149 shares in the last quarter. Finally, XTX Topco Ltd acquired a new position in shares of OppFi during the third quarter worth about $136,000. Institutional investors own 7.10% of the company's stock.
Analyst Ratings Changes
Separately, Northland Securities raised their price objective on OppFi from $8.00 to $10.00 and gave the company an "outperform" rating in a research report on Friday, December 13th.
Get Our Latest Stock Analysis on OPFI
Insider Activity at OppFi
In related news, Director Jocelyn Moore sold 23,149 shares of the firm's stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $6.70, for a total value of $155,098.30. Following the sale, the director now owns 99,072 shares in the company, valued at approximately $663,782.40. This trade represents a 18.94 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director David Vennettilli sold 22,301 shares of the business's stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $7.68, for a total transaction of $171,271.68. Following the sale, the director now directly owns 121,524 shares of the company's stock, valued at approximately $933,304.32. The trade was a 15.51 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 145,450 shares of company stock valued at $971,370 over the last 90 days. 84.00% of the stock is owned by insiders.
OppFi Stock Performance
Shares of OPFI stock traded up $0.50 during mid-day trading on Wednesday, hitting $15.50. The company's stock had a trading volume of 1,694,280 shares, compared to its average volume of 2,412,153. OppFi Inc. has a 52 week low of $2.35 and a 52 week high of $15.70. The company has a market cap of $1.34 billion, a PE ratio of 96.50 and a beta of 1.56. The company's fifty day simple moving average is $9.23 and its 200-day simple moving average is $6.43.
OppFi (NYSE:OPFI - Get Free Report) last announced its earnings results on Thursday, November 7th. The company reported $0.33 earnings per share for the quarter, topping analysts' consensus estimates of $0.21 by $0.12. OppFi had a return on equity of 35.04% and a net margin of 1.40%. The firm had revenue of $136.59 million for the quarter, compared to the consensus estimate of $128.94 million. During the same quarter in the previous year, the business earned $0.16 EPS. On average, equities analysts anticipate that OppFi Inc. will post 0.86 earnings per share for the current year.
OppFi Profile
(
Free Report)
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.
Further Reading
Before you consider OppFi, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and OppFi wasn't on the list.
While OppFi currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
As the AI market heats up, investors who have a vision for artificial intelligence have the potential to see real returns. Learn about the industry as a whole as well as seven companies that are getting work done with the power of AI.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
