Raymond James Financial Inc. bought a new stake in OppFi Inc. (NYSE:OPFI - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 29,828 shares of the company's stock, valued at approximately $228,000.
Several other hedge funds also recently made changes to their positions in the company. Los Angeles Capital Management LLC grew its stake in shares of OppFi by 97.6% in the fourth quarter. Los Angeles Capital Management LLC now owns 148,344 shares of the company's stock worth $1,136,000 after acquiring an additional 73,258 shares during the last quarter. Victory Capital Management Inc. purchased a new stake in OppFi during the 4th quarter valued at about $282,000. XTX Topco Ltd bought a new stake in OppFi during the 3rd quarter valued at about $136,000. JPMorgan Chase & Co. raised its holdings in OppFi by 271.7% in the third quarter. JPMorgan Chase & Co. now owns 36,585 shares of the company's stock worth $173,000 after buying an additional 26,742 shares during the last quarter. Finally, Baader Bank Aktiengesellschaft bought a new position in shares of OppFi in the fourth quarter worth approximately $195,000. 7.10% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
Several analysts recently commented on the company. JMP Securities lowered OppFi from an "outperform" rating to a "market perform" rating in a report on Wednesday, February 12th. Citizens Jmp downgraded shares of OppFi from a "strong-buy" rating to a "hold" rating in a report on Wednesday, February 12th. Finally, Northland Securities set a $13.00 target price on shares of OppFi in a report on Thursday, March 6th.
Get Our Latest Stock Analysis on OPFI
OppFi Price Performance
Shares of NYSE:OPFI traded down $0.17 during mid-day trading on Wednesday, reaching $8.32. 240,168 shares of the company traded hands, compared to its average volume of 1,944,475. The company's 50 day moving average price is $10.24 and its 200-day moving average price is $8.64. The firm has a market cap of $718.89 million, a PE ratio of 52.00 and a beta of 1.61. OppFi Inc. has a 52 week low of $2.56 and a 52 week high of $17.73.
OppFi (NYSE:OPFI - Get Free Report) last posted its quarterly earnings results on Wednesday, March 5th. The company reported $0.23 earnings per share for the quarter, topping analysts' consensus estimates of $0.14 by $0.09. OppFi had a net margin of 1.40% and a return on equity of 35.04%. The business had revenue of $135.72 million during the quarter, compared to analyst estimates of $133.50 million. During the same period in the prior year, the business posted $0.10 earnings per share. On average, research analysts predict that OppFi Inc. will post 0.86 earnings per share for the current fiscal year.
OppFi Announces Dividend
The firm also recently announced a special dividend, which will be paid on Friday, April 18th. Investors of record on Tuesday, April 8th will be paid a dividend of $0.25 per share. The ex-dividend date is Tuesday, April 8th.
Insider Buying and Selling
In other OppFi news, Director David Vennettilli sold 43,238 shares of the firm's stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $9.45, for a total transaction of $408,599.10. Following the completion of the transaction, the director now owns 90,762 shares in the company, valued at $857,700.90. This trade represents a 32.27 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Theodore G. Schwartz sold 49,799 shares of the company's stock in a transaction that occurred on Monday, April 14th. The stock was sold at an average price of $8.39, for a total value of $417,813.61. Following the sale, the director now directly owns 186,737 shares in the company, valued at $1,566,723.43. This trade represents a 21.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 829,890 shares of company stock valued at $7,802,185. Corporate insiders own 84.00% of the company's stock.
OppFi Profile
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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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