Los Angeles Capital Management LLC raised its position in OppFi Inc. (NYSE:OPFI - Free Report) by 97.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 148,344 shares of the company's stock after buying an additional 73,258 shares during the period. Los Angeles Capital Management LLC owned 0.17% of OppFi worth $1,136,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in OPFI. Bank of New York Mellon Corp boosted its stake in OppFi by 22.4% in the fourth quarter. Bank of New York Mellon Corp now owns 34,156 shares of the company's stock worth $262,000 after purchasing an additional 6,242 shares in the last quarter. Baader Bank Aktiengesellschaft acquired a new position in OppFi during the 4th quarter worth about $195,000. JPMorgan Chase & Co. lifted its position in OppFi by 271.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 36,585 shares of the company's stock worth $173,000 after buying an additional 26,742 shares in the last quarter. Barclays PLC lifted its position in OppFi by 95.9% during the 3rd quarter. Barclays PLC now owns 42,141 shares of the company's stock worth $199,000 after buying an additional 20,630 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in OppFi by 4.7% during the 3rd 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 in the last quarter. 7.10% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
OPFI has been the topic of a number of research reports. JMP Securities lowered shares of OppFi from an "outperform" rating to a "market perform" rating in a research report on Wednesday, February 12th. Northland Securities increased 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. Finally, Citizens Jmp downgraded OppFi from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, February 12th.
Get Our Latest Analysis on OppFi
OppFi Stock Performance
OppFi stock traded down $0.23 during trading hours on Monday, reaching $9.63. 1,989,732 shares of the company's stock traded hands, compared to its average volume of 2,481,069. OppFi Inc. has a fifty-two week low of $2.35 and a fifty-two week high of $17.73. The firm's 50 day moving average is $11.23 and its 200-day moving average is $7.60. The firm has a market capitalization of $830.24 million, a price-to-earnings ratio of 60.19 and a beta of 1.57.
About OppFi
(
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.
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