Renaissance Technologies LLC Has $6.33 Million Stock Holdings in OppFi Inc. (NYSE:OPFI)

Renaissance Technologies LLC raised its stake in shares of OppFi Inc. (NYSE:OPFI - Free Report) by 52.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 826,115 shares of the company's stock after acquiring an additional 284,900 shares during the quarter. Renaissance Technologies LLC owned approximately 0.96% of OppFi worth $6,328,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of OPFI. Globeflex Capital L P boosted its position in OppFi by 191.8% during the fourth quarter. Globeflex Capital L P now owns 187,796 shares of the company's stock valued at $1,439,000 after purchasing an additional 123,438 shares during the last quarter. Trexquant Investment LP bought a new stake in shares of OppFi in the 4th quarter worth approximately $904,000. JPMorgan Chase & Co. boosted its stake in OppFi by 272.6% during the fourth quarter. JPMorgan Chase & Co. now owns 136,308 shares of the company's stock worth $1,044,000 after buying an additional 99,723 shares in the last quarter. Los Angeles Capital Management LLC increased its stake in OppFi by 97.6% in the fourth quarter. Los Angeles Capital Management LLC now owns 148,344 shares of the company's stock valued at $1,136,000 after acquiring an additional 73,258 shares during the period. Finally, Arrowstreet Capital Limited Partnership raised its holdings in shares of OppFi by 153.7% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 90,865 shares of the company's stock worth $696,000 after buying an additional 55,056 shares in the last quarter. 7.10% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Theodore G. Schwartz sold 165,174 shares of the firm's stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $10.58, for a total value of $1,747,540.92. Following the completion of the sale, the director now owns 186,737 shares in the company, valued at $1,975,677.46. This trade represents 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 43,238 shares of OppFi stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $9.45, for a total transaction of $408,599.10. Following the sale, the director now owns 90,762 shares of the company's stock, valued at approximately $857,700.90. This trade represents a 32.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 864,831 shares of company stock worth $8,091,846. Insiders own 84.00% of the company's stock.

OppFi Stock Performance

OPFI traded up $0.40 on Wednesday, hitting $8.84. 1,132,911 shares of the company were exchanged, compared to its average volume of 783,798. The firm has a fifty day simple moving average of $9.58 and a two-hundred day simple moving average of $8.76. The stock has a market capitalization of $763.82 million, a PE ratio of 55.13 and a beta of 1.61. OppFi Inc. has a 12 month low of $2.56 and a 12 month high of $17.73.

OppFi (NYSE:OPFI - Get Free Report) last released its earnings results on Wednesday, March 5th. The company reported $0.23 earnings per share for the quarter, beating 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 earnings per share. On average, equities analysts expect that OppFi Inc. will post 0.86 earnings per share for the current year.

OppFi Announces Dividend

The company also recently declared a special dividend, which was paid on Friday, April 18th. Investors of record on Tuesday, April 8th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Tuesday, April 8th.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. JMP Securities downgraded OppFi from an "outperform" rating to a "market perform" rating in a report on Wednesday, February 12th. Northland Securities set a $13.00 target price on OppFi in a research report on Thursday, March 6th. Finally, Citizens Jmp lowered OppFi from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, February 12th.

OppFi Company Profile

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.