OppFi Inc. (NYSE:OPFI - Get Free Report) shares gapped down before the market opened on Friday . The stock had previously closed at $8.96, but opened at $8.11. OppFi shares last traded at $8.12, with a volume of 271,123 shares traded.
Wall Street Analyst Weigh In
A number of equities research analysts have recently issued reports on OPFI shares. 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 objective on shares of OppFi in a research report on Thursday, March 6th. Finally, Citizens Jmp cut shares of OppFi from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, February 12th.
Read Our Latest Research Report on OPFI
OppFi Price Performance
The firm has a market capitalization of $745.24 million, a PE ratio of 53.91 and a beta of 1.61. The stock has a 50-day moving average price of $10.99 and a 200-day moving average price of $8.50.
OppFi (NYSE:OPFI - Get Free Report) last posted its quarterly earnings data on Wednesday, March 5th. The company reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.09. OppFi had a return on equity of 35.04% and a net margin of 1.40%. The company had revenue of $135.72 million for the quarter, compared to the consensus estimate of $133.50 million. During the same period in the previous year, the business earned $0.10 EPS. As a group, equities research analysts predict that OppFi Inc. will post 0.86 earnings per share for the current fiscal year.
OppFi Announces Dividend
The business also recently disclosed a special dividend, which will be paid on Friday, April 18th. Shareholders of record on Tuesday, April 8th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Tuesday, April 8th.
Insider Transactions at OppFi
In other news, insider Christopher J. Mckay sold 10,377 shares of OppFi stock in a transaction that occurred on Thursday, April 3rd. The stock was sold at an average price of $9.00, for a total value of $93,393.00. Following the completion of the transaction, the insider now owns 248,175 shares in the company, valued at approximately $2,233,575. This trade represents a 4.01 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director David Vennettilli sold 30,762 shares of the company's stock in a transaction that occurred 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 sale, the director now directly owns 90,762 shares in the company, valued at approximately $825,026.58. This represents a 25.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 698,030 shares of company stock valued at $6,720,320. Insiders own 84.00% of the company's stock.
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of OPFI. GAMMA Investing LLC grew its position in shares of OppFi by 2,488.9% during the 1st quarter. GAMMA Investing LLC now owns 5,152 shares of the company's stock valued at $48,000 after buying an additional 4,953 shares during the last quarter. Ancora Advisors LLC bought a new position in shares of OppFi during the fourth quarter valued at approximately $65,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of OppFi by 8.7% during the 4th 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 acquired a new stake in shares of OppFi during the 4th quarter worth approximately $93,000. Finally, Quadrature Capital Ltd bought a new stake in shares of OppFi in the 3rd quarter worth approximately $60,000. 7.10% of the stock is currently owned by institutional investors.
About OppFi
(
Get 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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