OppFi Inc. (NYSE:OPFI - Get Free Report)'s share price gapped up before the market opened on Monday . The stock had previously closed at $9.76, but opened at $10.30. OppFi shares last traded at $10.09, with a volume of 224,742 shares.
Analyst Upgrades and Downgrades
Several equities analysts have recently commented on OPFI shares. Northland Securities set a $13.00 price target on shares of OppFi in a research report on Thursday, March 6th. JMP Securities cut shares of OppFi from an "outperform" rating to a "market perform" rating in a research report on Wednesday, February 12th. Finally, Citizens Jmp cut OppFi from a "strong-buy" rating to a "hold" rating in a report on Wednesday, February 12th.
Get Our Latest Analysis on OPFI
OppFi Price Performance
The business has a fifty day moving average price of $11.63 and a 200 day moving average price of $8.19. The company has a market capitalization of $793.20 million, a price-to-earnings ratio of 57.41 and a beta of 1.63.
OppFi (NYSE:OPFI - Get Free Report) last released its earnings results on Wednesday, March 5th. The company reported $0.23 EPS for the quarter, beating the consensus estimate of $0.14 by $0.09. The firm had revenue of $135.72 million for the quarter, compared to analysts' expectations 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 company earned $0.10 EPS. Research analysts anticipate that OppFi Inc. will post 0.86 earnings per share for the current year.
OppFi Announces Dividend
The company also recently disclosed a special dividend, which will be paid on Friday, April 18th. Stockholders of record on Tuesday, April 8th will be paid a $0.25 dividend. The ex-dividend date is Tuesday, April 8th.
Insider Buying and Selling
In other news, Director Theodore G. Schwartz sold 165,174 shares of the business's stock in a transaction on Monday, March 24th. The stock was sold at an average price of $10.58, for a total transaction of $1,747,540.92. Following the sale, the director now directly owns 186,737 shares of the company's stock, valued at $1,975,677.46. The trade was a 46.94 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, 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 transaction, the director now owns 90,762 shares of the company's stock, valued at $825,026.58. This trade represents a 25.31 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 562,865 shares of company stock valued at $5,465,151 over the last three months. Company insiders own 84.00% of the company's stock.
Institutional Investors Weigh In On OppFi
A number of large investors have recently made changes to their positions in the company. NewEdge Advisors LLC grew its position in OppFi by 4.7% during the 4th quarter. NewEdge Advisors LLC now owns 18,328 shares of the company's stock worth $140,000 after purchasing an additional 831 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in OppFi by 8.7% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,801 shares of the company's stock valued at $83,000 after buying an additional 866 shares during the period. Barclays PLC lifted its stake in OppFi by 5.6% in the 4th quarter. Barclays PLC now owns 44,521 shares of the company's stock worth $341,000 after acquiring an additional 2,380 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in OppFi by 8.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 54,359 shares of the company's stock valued at $416,000 after acquiring an additional 4,398 shares in the last quarter. Finally, Jane Street Group LLC increased its holdings in shares of OppFi by 28.9% in the 3rd quarter. Jane Street Group LLC now owns 25,842 shares of the company's stock valued at $122,000 after purchasing an additional 5,795 shares during the period. Institutional investors and hedge funds own 7.10% of the company's stock.
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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