Shares of OppFi Inc. (NYSE:OPFI - Get Free Report) were down 6.8% during mid-day trading on Wednesday after an insider sold shares in the company. The company traded as low as $9.80 and last traded at $10.01. Approximately 557,443 shares traded hands during mid-day trading, a decline of 74% from the average daily volume of 2,183,388 shares. The stock had previously closed at $10.74.
Specifically, Director Theodore G. Schwartz sold 165,174 shares of the stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $10.58, for a total transaction of $1,747,540.92. Following the transaction, the director now directly owns 186,737 shares in the company, valued at $1,975,677.46. This represents a 46.94 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Theodore G. Schwartz sold 58,764 shares of the stock in a transaction that occurred on Friday, March 21st. The shares were sold at an average price of $9.60, for a total transaction of $564,134.40. Following the transaction, the director now owns 186,737 shares in the company, valued at approximately $1,792,675.20. This represents a 23.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In related news, Director Theodore G. Schwartz sold 105,606 shares of the business's stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $9.57, for a total value of $1,010,649.42. Following the completion of the transaction, the director now owns 186,737 shares of the company's stock, valued at $1,787,073.09. The trade was a 36.12 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.
Wall Street Analysts Forecast Growth
A number of research analysts have recently issued reports on OPFI shares. Citizens Jmp downgraded OppFi from a "strong-buy" rating to a "hold" rating in a report on Wednesday, February 12th. JMP Securities lowered OppFi from an "outperform" rating to a "market perform" rating in a research note on Wednesday, February 12th. Finally, Northland Securities set a $13.00 price target on shares of OppFi in a research report on Thursday, March 6th.
Check Out Our Latest Analysis on OPFI
OppFi Stock Up 2.0 %
The business has a 50-day moving average price of $11.59 and a 200-day moving average price of $8.26. The firm has a market capitalization of $821.28 million, a price-to-earnings ratio of 59.41 and a beta of 1.63.
OppFi (NYSE:OPFI - Get Free Report) last announced its earnings results on Wednesday, March 5th. The company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.09. The company had revenue of $135.72 million for the quarter, compared to analyst estimates of $133.50 million. OppFi had a return on equity of 35.04% and a net margin of 1.40%. During the same period in the prior year, the company posted $0.10 EPS. On average, equities research analysts forecast that OppFi Inc. will post 0.86 earnings per share for the current year.
OppFi Announces Dividend
The business also recently declared a special dividend, which will be paid on Friday, April 18th. Shareholders of record on Tuesday, April 8th will be issued a $0.25 dividend. The ex-dividend date is Tuesday, April 8th.
Institutional Investors Weigh In On OppFi
A number of large investors have recently made changes to their positions in the stock. Quadrature Capital Ltd acquired a new stake in OppFi during the 3rd quarter worth about $60,000. Ancora Advisors LLC acquired a new stake in shares of OppFi during the fourth quarter worth about $65,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of OppFi by 8.7% during 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 purchased a new stake in OppFi in the fourth quarter valued at approximately $93,000. Finally, MetLife Investment Management LLC acquired a new position in OppFi in the 4th quarter worth approximately $98,000. 7.10% of the stock is owned by hedge funds and other 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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